My situation is fairly simple. I am domiciled and resident in the UK and a 100% owner of a UK limited company which conducts business in the UK. My only source of income is dividends from the company. I am considering becoming non-resident and retaining ownership of the business. My understanding is that being non resident, there would be no UK tax to pay on the dividends. I have considered re-locating to Thailand. My research tells me that no income tax would be payable there on the dividends providing the income is not brought into the country in the year in which it is earned.
So I have 3 questions
1. Is it feasible that I could avoid tax completely ?
2. Is there anyway the double tax treaty could ensure tax has to be paid in one of the countries ?
3. Should I take steps such as appointing other directors to avoid the suggestion I am controlling the co from Thailand ?
4. Is there anything else obvious that I need to consider ?
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