Yes, and he also does not want to do accounting, which would be impossible with a UK LTD right? Don't see why a UK bank account would costs 3 K, but I'd love to learn.
No accounting required company (outside EU) + Local bank account
- Thread starter Brillo
- Start date
- Status
I mean that your planning opportunities increase as you can benefit from the non dom provisions both for individuals and companies. Also this would give you protection from anti avoidance rules you would have to consider if you were Maltese resident and domicile.
BANKING IN UAE IS EASY?
WAIT WHAT.
This dude will not get a local bank account, but I'm looking forward to hearing about this.
Why the company must be outside EU and US. And why you do not want to prepare accounting?
If there is no valid reason for not wanting the above there are lota of good structures to work with but you must be willing to accept some of the burden.
If there is no valid reason for not wanting the above there are lota of good structures to work with but you must be willing to accept some of the burden.
The process is simple it just takes time and patience.
If you know what the banks require and provide them all the documents they require upfront then you will get one.
The trick is not to go with a bank in mind but start with whichever bank accepts you. Build up a history and the after 3-6 months all the banks will open you an account.
His passport is not high risk, industry is not high risk and if he gets the correct set of documents together. He will get a bank account.
I'm in Dubai right now with clients opening their bank accounts.
just to understand, It will take 3-6 months to open a bank account? Note that company will be also new.
No bank account about 2-3 weeks.
Run that account and after 3-6 months you have bank statements to show all the other banks.
you need to figure out which countries 2co is accepting! If they accept Dubai companies than it may be a good idea to go along with @Fred or @Gediminas to set this up.
Make sure you are able to open as minimum an EMI / Neobank account for this company!
Toggle signature
I'm proud to become an Elite Lifetime member of the Mentor Group Gold.
The secret of being happy is accepting where you are in life and making the most out of every day
- Status