I am currently domiciled and resident in the Uk and a 100% owner of a limited company in England from which I derive my sole income by way of dividends. I am considering becoming non resident and basing myself somewhere more tax efficient and continue to receive dividends.
I haven't decided where to go yet but I am aware there are a number of countries which would only tax me on income if it is brought into the country concerned. My understand is that no income tax would be payable on those dividends in the UK. So in theory assuming no income is brought into the new country there would be no personal tax to pay anywhere.
My question is regarding double taxation treaties. I have not taken any professional advice yet apart from a few fairly casual conversations on the matter, but there was some suggestion that these treaties may throw a spanner in the works and tax would be payable in one of the countries. Can anyone tell me if that is indeed the case and if so why ?
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