Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

EU Citizen here, living in the UK or "wherever I may roam".

I have my Ltd in the UK. I am sticking to the UK for the time being, and will keep a close eye at:

1) Tax scheme/calculations for dividends.

2) Ability to transfer money in & out and at what cost (in the extreme case of Capital Controls or limiting transfers abroad).

3) Exchange Rate of GBP against EUR, USD, and a couple more so I make sure that my payments are not losing 10% on the get-go.

All the above are extreme situations. If I feel that my income/finances are threatened, then I will act, otherwise I will continue to support UK economy as UK has been "supporting" me (not really), these years.



Do let us know if the GBP ever tumbles against the EUR or USD.


The EUR hasn't exactly been rock solid against USD in recent years.


Hmm...it started at $1.1686. And now it is at $1.09, so 6% off.


It's spent more of its life than not above both figures.


Guys, guys.. no panic and no stress!

GBP is not going to "collapse" any day soon (if at all). But if I feel that there is an "incident" imminent (e.g. an important negotiation about to fail, and I am expecting a large payment in GBP, I would still receive it and pay taxes within the UK, but I wouldn't mind receiving it in USD or EUR.

Pound was, is, and will remain hard currency.


So it was overvalued and is now coming back to earth. Good.





Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: