I am in preliminary stages of negotiations for an IT contract in Luxembourg.
Already the agent is asking if i want to go 1) Umbrella company in Luxembourg pain in Euros or 2) Invoice through my company in UK also paid in Euros.
Any advice? or know anyone i could contact ?
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I mean - Brussels is boring.....but it's like Vegas compared to Luxembourg.
I don't know how things work in Luxembourg, but my understanding is that you would keep even more as an LTD than you would from an Umbrella, but the LTD is more work to maintain.
offereddelegated it to someone else.You should be OK to go through your UK Ltd Company, as the double tax convention between the UK and LUX is primarily based on where your permanent residency is, but naturally depends on how long the assignment will be.
Definitely speak to your accountant and get their advice (when I was in Zurich I could only stay for 6 months and had to make a few trips back to the UK) and also your business banking account manager to find out what the charges are for exchanging X amount of euro's to GBP.
I've used HiFX in the past and been very happy with them.
Its not the FX that concerns me, thats easily sorted- its just what the bottom line would be from being paid via an Umbrella company in Lux against what i could potentially earn by billing from UK. Everyone tells me that Lux is a tax haven, but what the agent is telling me is that i could potentially receive 60 per cent of my earnings net via Umbrella - but however, feel that they are trying to oversell it to me, thus a hint of financial inducements for the agent to do so.
I notice there are a few British/Irish pubs there so can't be that bad.
She seems very happy out there but she was always keen on nature and walks in the forest - there's plenty of that.
I think, without checking, that you would be better being pod into the uk. That's if you would be paid the same amount In both cases.
Not the liveliest city on the planet but still plenty to do should you want it - and the scenery is spectacular. People are friendly, and very helpful.
Work is a bit strange as i'm the only Brit (or even English speaker) on the floor, and even though its meant to be an English speaking office, most of the chat is in French - still, time to dust off the schoolboy French and start to learn.
Accommodation is a bit of a problem though - with prices in the same stratosphere as Central London - huge prices.
Anyway, things now settling down, and thanks for your wishes.
Though I did go to the Lux v France qualifier on Sat night - Lux played well, and at one point were 1-1, but eventually lost 1-3.
The first weekend I was here, watching Spurs v Southampton in Oscars Bar, and the first person I speak to was a Spanner !
Surely i'm not the only Addick out here?
Have fun !!