Hello everyone,
We have now appointed an immigration consultant to assist us in what we hope a smooth ride to obtaining a visa. It looks as though we will be applying for a visa 189 due to our skills.
My question is:
As we receive dividends from a UK company (along with a PAYE salary), if we were approved a visa would it be beneficial to remove ourselves as directors and just become shareholders? The information I am finding is a little confusing to someone with little knowledge on tax.
I have spoken with our accountant and he has mentioned that this could be a possible way to avoid paying too much tax, however, he has informed us it would be best speak with a tax assistant for us to understand the rules and regs in Australia.
We can get employment if we do get accepted, however, I am concerned around the dividends and tax...
Hope this makes sense and I look forward to hearing is someone is able to point me in the right direction :)
Thank you, Vic
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