Bank account Dubai/Malta/Russia

[Luxman199]

Hello,

I want to incorporate an entity (IP friendly if possible) to receive royalties from Dubai, Russia, Panama and Barbados.
I am not sure which jurisdictions will be more willing to accept funds from these countries ?
I have read that Dubai could be flexible but I am not sure if all these countries will be accepted by the bank (from a cash flow perspective). Is there any alternative to this ?

Thank you all very much !

 

[Martin Everson]

Banking for funds flowing from all those countries is gonna be ugly conf/(%.

Whats the activity,..IP for what exactly i.e crypto, nuclear warhead designs, raincoats etc etc?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[Luxman199]

Martin Everson said:
Banking for funds flowing from all those countries is gonna be ugly conf/(%.

Whats the activity,..IP for what exactly i.e crypto, nuclear warhead designs, raincoats etc etc?
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Hello, thank you for your feedback. The IP relates to computer science

 

[Martin Everson]

Luxman199 said:
The IP relates to computer science
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Ok then that sounds fairly straight forward IP.

btw your not based in a funky country or have a shifty nationality?

A few countries offer good incentives to attract IP companies with tax holidays. i.e I think Mauritius is one offering a 10 year tax holiday for IP companies.

I would start at home and look at your local banks. Also look at your local country treatment of IP companies. You may find stuff like tax holidays or other incentives are already present making looking outside pointless.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[carz]

Forget malta. With the greylisting everyone's walking on egg shells. The country is desperately looking for ppl to fck over to appease the faft overlords.

 

[Luxman199]

Martin Everson said:
Ok then that sounds fairly straight forward IP.

btw your not based in a funky country or have a shifty nationality?

A few countries offer good incentives to attract IP companies with tax holidays. i.e I think Mauritius is one offering a 10 year tax holiday for IP companies.

I would start at home and look at your local banks. Also look at your local country treatment of IP companies. You may find stuff like tax holidays or other incentives are already present making looking outside pointless.
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At this stage, my local country will not accept payments from Panama or Barbados. Do you think Mauritius will accept such type of payment ?

 

[Jerry1911]

Just wanted to add that you might have to spread this out into two different structures, one for Panama & Barbados and the other one for Dubai/Russia.

 

[Martin Everson]

You could also just use one structure and 4 banks i.e 1 bank for each country you receive royalties from. This simplifies Due Diligence and also adds redundancy.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.