Trading from Ireland for tax efficiency

[MSTNTX]

Hi, I am a UK resident (England) and i have been trading forex for a while. As part of my longterm plans I now need to form a registered company to trade from. I will be seeking formal tax advise but thought it would be good to start here as i've seen a lot of good ideas and advise on this site for a while.

I am now down to the following 2 options.

Option 1:
Open an IBC (with an offshore bank account)
Form a UK Limited company, I will use this to trade on behalf of the IBC as a consultant.
Withdraw funds to UK personal account (dividend etc.)

Option 2:
Form a Limited company in Ireland to trade from
Withdraw funds to England personal account (dividend etc.)

From the 2 options above I am Favouring Option 2, however I wanted to know what other peoples thoughts/experience were on this matter?

 

[JustAnotherNomad]

Some keywords for you to google:
- corporate tax residency
- permanent establishment
- controlled foreign corporation (CFC) rules

Then you will realize none of your plans will work out. Maybe some setup with a trust can work, but I’m not sure. You’ll want to speak to a licensed UK accountant.