Beneficial Owner of a Foreign Company that receives dividends

Hi there I am a UK resident and UK citizen, my main residence is in UK. I have heard of arrangements where you set up a company registered in the BVI with a BVI Corporate Director and BVI Corporate Shareholder, the UK resident natural person is the Beneficial Owner of the BVI Company. The BVI company receives dividends which sit in the BVI company and the UK resident Beneficial Owner does not take any income or dividends from the BVI company. I have been told that there are no further tax implications on the UK resident Beneficial Owner providing he does not touch the funds sitting in the BVI company? Can anyone help here?

Hi,

You can see guidance here:

Tax implications of the Register of Overseas Entities

Thank you.

Thank you Admin 19. Im still confused and I did search the HMRC advice guides. I still have no idea.

Hi
The scenario you describe is complex international tax planning and we are unable to give you a response other than to provide you with the link already given.