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ILR for contractor

General UK immigration & work permits; don't post job search or family related topics!

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Developer
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ILR for contractor

Post by Developer » Wed Oct 10, 2007 9:43 am

Hi,

I am HSMP holder and started contracting since Jan. I am moving to offshore account (isle of man) would it affect my chances of getting ILR.

Please help.

Thanks,
dev
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SYH
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Post by SYH » Wed Oct 10, 2007 10:42 am

So what does your bank account have to do with economic activity
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Dawie
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Post by Dawie » Wed Oct 10, 2007 1:37 pm

As far as I know you are not allowed to operate an offshore bank account if you are a tax resident of the UK.
In a few years time we'll look back on immigration control like we look back on American prohibition in the thirties - futile and counter-productive.
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VictoriaS
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Post by VictoriaS » Wed Oct 10, 2007 5:49 pm

If the offshore account is legal under UK tax laws then there should be no problem.

Victoria
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olisun
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Re: ILR for contractor

Post by olisun » Thu Oct 11, 2007 1:35 pm

Developer wrote:Hi,

I am HSMP holder and started contracting since Jan. I am moving to offshore account (isle of man) would it affect my chances of getting ILR.

Please help.

Thanks,
dev
I think the OP meant moving to isle of man to work for his company
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VictoriaS
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Post by VictoriaS » Thu Oct 11, 2007 2:01 pm

i think he meant changing his pay structure so that he is paid via an off shore limited company based in the Isle of Man. I wonder who is right???


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Dawie
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Post by Dawie » Thu Oct 11, 2007 2:56 pm

If he was going to work and live in the Isle of Man then his account wouldn't be "offshore", would it?
In a few years time we'll look back on immigration control like we look back on American prohibition in the thirties - futile and counter-productive.
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SYH
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Post by SYH » Thu Oct 11, 2007 3:13 pm

Dawie wrote:If he was going to work and live in the Isle of Man then his account wouldn't be "offshore", would it?
touche
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VictoriaS
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Post by VictoriaS » Thu Oct 11, 2007 4:00 pm

The Isle of Man is a tax haven. The jargon for a UK resident having bank account/limited company there would be to say it is 'offshore'.

http://www.shelteroffshore.com/index.ph ... e-changes/

We haven't actually established whether or not he is physically moving there.

Victoria
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ajant
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Joined: Wed Sep 26, 2007 10:00 am

account

Post by ajant » Thu Oct 11, 2007 10:19 pm

Surprised that Developer has not bothered to respond ! All that I wanted to say was , many a times, when an IT consultant uses the term "account", it means a client rather than a "bank account".
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