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Setting up as a 'sole trader' in the UK on a retirement visa

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I would appreciate feedback on the following idea:

 

Is it viable to stay in Thailand on a retirement visa and set up as a sole trader in the UK to be able to invoice clients (teaching-related work, proofreading, editing etc.)? What pitfalls could you foresee? 

 

Thanking all those who reply with constructive advice in advance

Your Thailand visa status has no bearing on your UK status. If you can meet the UK requirements for this, no problem at all.

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