Seems like you stress for no reason. Of course you need to move out of your country if you want to pay no taxes.
UAE company advice needed
- Thread starter Estek
- Start date
- Status
Seems like you stress for no reason. Of course you need to move out of your country if you want to pay no taxes.
Hi.
I read some stories about that banks report police about strange activities in bank accounts and I thought that I can fell in trouble if I withdraw cash or send money from one account to another.
Then some people told that there are connections (CFC?) between countries and they (EE) know that I have company in UAE.
So I stressed too much and told in my post things that I shouldn't. I am sorry for my behaviour and next time I need to think more by my own mind.
Just came to my mind from my previous experience:
I had a branch ( daughter-company ) last year in Latvia. Latvian banks didn't want to open bank account because mother-company was not “resident”, so they treated it like non-resident and denied. I needed to put investments to Latvian-company and just withdraw funds from mother-company bank account. Then after some time my mother-company was audited and when I told why I withdrew funds, the tax inspector was very surprised that I have Latvian branch.
I am telling this that to let know that even between neighbourhood countries no info exchange who owns which company. Even this information is open.
Now I know what I need to do but I have damaged your reputation for no reason.
Next time I will be more tactful.
Last edited by a moderator: Sep 3, 2020
I read some stories about that banks report police about strange activities in bank accounts and I thought that I can fell in trouble if I withdraw cash or send money from one account to another.
Then some people told that there are connections (CFC?) between countries and they (EE) know that I have company in UAE.
So I stressed too much and told in my post things that I shouldn't. I am sorry for my behaviour and next time I need to think more by my own mind.
Just came to my mind from my previous experience:
I had a branch ( daughter-company ) last year in Latvia. Latvian banks didn't want to open bank account because mother-company was not “resident”, so they treated it like non-resident and denied. I needed to put investments to Latvian-company and just withdraw funds from mother-company bank account. Then after some time my mother-company was audited and when I told why I withdrew funds, the tax inspector was very surprised that I have Latvian branch.
I am telling this that to let know that even between neighbourhood countries no info exchange who owns which company. Even this information is open.
Now I know what I need to do but I have damaged your reputation for no reason.
Next time I will be more tactful.
Last edited by a moderator: Sep 3, 2020
Thread closed for further replies, looks like OP has answer to his questions.
Toggle signature
Toggle signature
Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
- Status