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| *Ostroff, Fair and Company>>>Corporations |
UK business goes abroad? |
We have a UK company that sells goods to end-users in shopping centres, accepting both cash & credit cards from our clients. We would like to expand our activities to other parts of Europe (Belgium, Germany), and be able to sell our products in these countries by accepting "Belgic" / "German" credit cards etc, in shopping centres across these countries. My question is, can we manage our non-UK activity & accept "German"/"Belgic" credit cards using our UK company infrastructure (credit card terminals, etc), or must we establish a new company/agency in each of these countries and "appoint it" as an agency of our UK company? In case we must open an agency in each country, how do we "declare" the profit in these countries, and where do we pay company (ies) income taxes? (we would like, of course, to declare most of the agencies' profit in the UK, and pay the "agent" only a small fee of the turnover). Thank you. > http://www.dti.gov.uk/europeandtrade/ind... |
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