| What are the advantages of this in a world which is transitioning towards remote work? The UK has the best and cheapest process to incorporate a company (it takes literally 15 mins and 40£ to form an LTD) And you can be CEO from everywhere in the world! Granted the country you are living in might receive your UK LTD bank account informations pursuant the Common Reporting Standard/Global FATCA [0] That opens a whole lot of considerations because odds are that your home country has a higher corporate and VAT tax rate than the UK or just wants to come after you for paying taxes there while using your native country roads , airports, IT infrastructure and hospitals. I had to look into this case recently: Swedish entreprenur owning a UK LTD , working (and hiring) remotely within the UK but living in Sweden Sweden says clearly that doesn't want any part of foreign companies incorporated outside its borders by its own citizens: [1]"Entities formed/registered/incorporated outside of Sweden (foreign legal entities) are not considered
resident in Sweden for income tax purposes, not even if their place of effective management is situated in
Sweden" [0] https://en.wikipedia.org/wiki/Common_Reporting_Standard [1] https://www.oecd.org/tax/automatic-exchange/crs-implementati... |
Civil amenities are also significantly improved, as well as one of the most effective (physical) and cheapest health care services.
For all the crap it has received over the last decade, much of it justified, it is still an excellent place to be.