Hi,
I need advice on corporate registration and tax planning for a start-up.
I am creating a web-based members club, which will serve as an online platform on which individuals to hire each other's items. The primary target market for now is individuals in central London. This will hopefully expand to other major European cities in the future. The members club does not aim to have a show room or or a physical space at the moment, however it may throw events at hired out locations to facilitate member interaction and transactions. It may potentially acquire a show room in the future.
Ancillary services will include (available at the request of VIP members):
- item listing on the website,
- item storage (for the time being likely to be my home)
- item maintenance (will be done by 3rd party)
- delivery service (either to be provided by a third party or our own courier)
I would like advice on how to register the company in order to optimise my tax liabilities. I am thinking of renting out a virtual office in central London which can be indicated on the website and all communication, and having a holdco in another jurisdiction (e.g. Cayman) owning 100% of the copyright from the website. The holdco may either be a partnership or a limited co, depending on what makes more sense from a tax perspective. I would like to owe no or minimal tax in the UK.
Thank you in advance for your help.
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