Urgency to Leave the UK Before New Rules Take Effect

Video Description

☎️ Personalized Tax & Residency Advice Book a call: https://calendly.com/michael-rosmer If you currently reside in the UK, you probably want to consider leaving this country sooner rather than later. You have probably heard that many people, especially rich people are leaving the UK. Some estimates say that about 1000 millionaires leave UK each months. Those are wild statistics, with only China facing greater exodus of wealthy residents. But why are all these rich people leaving? And why should you consider leaving too? While it was still part of the EU, UK used to claim that they wanted to be the most competitive tax regime in the EU. And UK was indeed very competitive for a while! They had 19% corporate tax rate, which was lower than in most comparable countries. It was good environment to do business, and many international companies took advantage of that. On top of this, they had a very desirable tax residency program for foreigners, called the non-dom regime. The non-dom regime allowed people to move to the UK without being domiciled there, so their foreign income earned outside the UK was not taxable. This, of course, attracted many wealthy individuals to move to the UK. UK also didn't have Exit Tax. Then UK left the EU, and they went down a path that included raising taxes. Corporate tax rate beyond very small businesses went from 19% to 25%. They also got rid of the non-dom regime, which led to many people leaving the country after having lived there for quite some time. Tax increases is not the worst thing that happened to the UK. There are talks about introducing the Exit Tax. This means that if you're currently living in the UK, making decent income and plan on leaving at one point in the future, you could be hit with a huge tax bill. Besides this, there is a significant movement in the UK towards the wealth tax. The idea behind it is ''tax wealth, not work''. This can be tremendously dangerous, as it is a movement towards destroying wealth. This will make the UK a very undesirable place for investing. People who propose these changes aim to undervalue assets to make them more accessible to ordinary buyers. For anyone with sizeable wealth, foreign bank accounts, residences, legal structures, and assets are likely non-negotiable right now. ------------------------------------------------------------------------------------------------------------------------------ Since 2012 Michael Rosmer together with the Offshore Citizen team has been helping digital nomads, entrepreneurs, and investors from over 100 countries to: - Legally lower their taxes - Protect their assets - Form offshore companies & bank accounts - Relocate around the world with 2nd residencies & citizenships Michael has lived in 7 countries on 3 continents, invested all over the world, and run multiple global businesses. Mentored under some of the top international tax attorneys he and the Offshore Citizen team of lawyers and accountants specialize in assisting clients in crossing the gaps between countries. Services offered include full customized end to end done for your offshore structuring: - Strategy - developing the best solution for you - Implementation - setting up the companies & trusts, opening bank accounts, securing residency visas and citizenships - Maintenance - maintaining the whole structure and ensuring compliance These solutions are personalized to you and the laws applicable in your given regions and built around real world operational considerations to be actually practical not just good on paper. Services: International tax planning, asset protection, offshore company formation, trust set up, offshore bank account opening, Plan B, residencies & citizenships, done-for-you solutions .......................................................................................................................................... ☎️ Personalized international tax, residency, and banking strategy book a call with Michael: https://calendly.com/michael-rosmer 🌎 For details or to contact us visit our website: https://offshorecitizen.net