Company dividends

[Mak21]

Hello. I am from Greece and i want to form a uk limtied company. Someone told me that if i want to take dividends so i can get paid from my company i must come to Uk and get in surance number and told me that it is hard to get if you do not work there and stuff like that.

So can anyone tell me if this information is valid? So far i knew that if i am a director of the company i can get the dividends without any restriction!

Thank you, Panos!

[jerome.lane]

You are correct in that dividends can be paid from a UK company to non residents without jumping through hoops. However, you will have some hurdles with regard to salary/payroll and opening bank accounts etc. I think your friend is referring to getting a National Insurance number if you are to be a paid employee. As the UK will always seek to apply PAYE to Directories salary and benefits, your should either avoid being paid other than by way of dividend or seek professional help (which we'd be happy to help with!).

[reemaadhikari]

The nice description about dividends which is easily understood by anyone.