Getting prepared for our move from the UK to Thailand and so researching the best way to operate my business in Thailand. Any advice would be really appreciated.
I'm currently a UK operating Sole Trader that is UK VAT registered. When I move to Thailand I will continue to sell my products in the UK and would obviously remain VAT registered. As my UK income will be taxable in Thailand, I believe I must fill in a tax return each year.
I'm wondering if I should be thinking about registering a limited company or just continue on the sole trader/proprietorship basis. What would be the benefit of the ltd company in my position and what difficulties would I possibly have with either route?
Just for clarity my wife is Thai so I would be able to find the 51% ownership required and also I would not be selling in Thailand or anywhere else but the UK.
Thanks