Please convince me. Real advantages of owning a corporation.

[banafinfodafuggiano]

jafo said:
Protection against who?
Who is the would-be predator?
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The Ex wife living in his home country.

 

[jafo]

banafinfodafuggiano said:
The Ex wife living in his home country.
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Did you miss his post?

He has NO wife and NO ex-wife!
That man is on a mission clapping Latina cheeks in Latin America with NO intention of ever slowing down. rof/% smi(&%

That man is living the life I wished I could live! There is so much we could have learned from him. I spoke to him a few times. Man is a legend! 😎

 

[Deepbarrels]

scooterguy said:
One can be equally happy with a better investment strategy. In fact, I'd argue that one is happier with a more diversified stock/countries allocation, since it reduces risk, increases long-term profit and doesn't alter one's lifestyle.
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Yes, I'd diversify to. open a 2nd brokerage account like ibkr and buy VWRA (world etf non-us domiciled /Ireland) so no witholding tax on dividends

 

[Houdini]

jafo said:
From my perspective, I agree with you. If you aren't planning to do more business, it seems you got it all under control. You shouldn't care. Do you bank locally too?


This is when you know you are winning! You literally have a parachute and a bulletproof vest on and you are NOT skydiving and NOT in a war zone. You have literally cracked the life of the bon vivant!
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well explained it does not need any further words.

 

[cuno]

Similar questions have come up here many times. I would think that people are aware of when they need to register a company for their business. Moreover, it's only necessary if you're earning enough money to reduce taxes a bit, while also covering the costs associated with setting up the company and still having a profit left over.

 

[Houdini]

very true @cuno something every startup entrepreneur must consider.

 

[Primat2024]

cuno said:
Similar questions have come up here many times. I would think that people are aware of when they need to register a company for their business. Moreover, it's only necessary if you're earning enough money to reduce taxes a bit, while also covering the costs associated with setting up the company and still having a profit left over.
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How much money I need to earn to make a new company in Dubai?

 

[JustAnotherNomad]

Deepbarrels said:
buy VWRA (world etf non-us domiciled /Ireland) so no witholding tax on dividends
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VWRA has 15% WHT on US dividends internally.
There are actually some swap-based ETFs that can avoid it. But probably not really worth it.

 

[dany]

Primat2024 said:
How much money I need to earn to make a new company in Dubai?
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reach out to some of the many Dubai company formation services around here at OCT or on google.