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EU Citizen here, living in the UK or "wherever I may roam". I have my Ltd in the UK. I am sticking to the UK for the time being, and will keep a close eye at:
by HenryBemis 10y ago
EU Citizen here, living in the UK or "wherever I may roam".
I have my Ltd in the UK. I am sticking to the UK for the time being, and will keep a close eye at:
1) Tax scheme/calculations for dividends.
2) Ability to transfer money in & out and at what cost (in the extreme case of Capital Controls or limiting transfers abroad).
3) Exchange Rate of GBP against EUR, USD, and a couple more so I make sure that my payments are not losing 10% on the get-go.
All the above are extreme situations. If I feel that my income/finances are threatened, then I will act, otherwise I will continue to support UK economy as UK has been "supporting" me (not really), these years.
- AndrewOMartin 10y agoDo let us know if the GBP ever tumbles against the EUR or USD.
- cs02rm0 10y agoThe EUR hasn't exactly been rock solid against USD in recent years.
- mpweiher 10y agoHmm...it started at $1.1686. And now it is at $1.09, so 6% off.
- cs02rm0 10y agoIt's spent more of its life than not above both figures.
- HenryBemis 10y agoGuys, guys.. no panic and no stress! GBP is not going to "collapse" any day soon (if at all). But if I feel that there is an "incident" imminent (e.g. an important negotiation about to fail, and I am expecting a large payment in GBP, I would still receive it and pay taxes within the UK, but I wouldn't mind receiving it in USD or EUR. Pound was, is, and will remain hard currency.
- mpweiher 10y agoSo it was overvalued and is now coming back to earth. Good.
- noja 10y agoIt already did. https://finance.yahoo.com/quote/gbpusd=X?ltr=1 https://finance.yahoo.com/quote/gbpusd=X?ltr=1 or https://finance.yahoo.com/quote/gbpeur=X?ltr=1 https://finance.yahoo.com/quote/gbpeur=X?ltr=1 Click 2Y.