Can a non-UK resident be a shareholder in a company?

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I am planning to start a new software company in Birmingham. I am from India, but I am now a permanent UK resident. My cousin, who is still in India, will be helping out with much of the programming for the products this company will hope to sell, and so I would like to give him a share in the company as he will play such a big role in its success. Do you know, am I allowed to register a non-UK resident as a shareholder for a UK limited company?

Answers

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Yes, anyone can hold shares in a UK limited company regardless of where they reside. If the shareholder permanently resides in another country, he or she will have to refer to the tax laws in their own country to determine how to declare and pay tax (if any) on the dividend income received from the UK company.

2 years ago
 

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