0% corporate tax jurisdiction - good banks, cheap and easy to maintain - which country?

[bigbite100]

Hello,

since UAE has not 0% corporate tax anymore, which countries are now usable for a cheap and easy setup, including bank accounts?

Heard of Isle of Man and BVI. Don´t know if that´s cheap and easy though.

Any other ideas? Consider only a) 0% b) easy management/compliance c) cheap maintenance . Living is not considered for this discussion.

Thank you in advance.

 

[sinos]

bigbite100 said:
Hello,

since UAE has not 0% corporate tax anymore, which countries are now usable for a cheap and easy setup, including bank accounts?

Heard of Isle of Man and BVI. Don´t know if that´s cheap and easy though.

Any other ideas? Consider only a) 0% b) easy management/compliance c) cheap maintenance . Living is not considered for this discussion.

Thank you in advance.
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Nothing like Dubai, It's still 9% tax on profits. Nowhere you will get banking like Dubai.

 

[troubled soul]

https://www.caymanenterprisecity.com/

 

[Mister Sir]

But Dubai banks don't have "Deposit Insurance" and don't pay "interest" ....But what is intriguing I heard a few years ago is a few banks if you sign up to use their services u have a "chance" at winning prizes of a million plus dirhams!!! 🙂 Better than getting a guaranteed free toaster or a pen lol ....

Also it's worth mentioning bank accounts can be "ultimately" frozen in Dubai even though unlikely...but then again there Murphy's law...or in the UK they say sod's law....or even a unrelated law in Dubai called Sharia law which is totally different but can still possibly freeze or take from your accounts 🙁....

 

[JohnnyDoe]

The only bank account that can't be frozen is your own bank, it's called bitcoin.

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[Fred]

bigbite100 said:
Hello,

since UAE has not 0% corporate tax anymore, which countries are now usable for a cheap and easy setup, including bank accounts?

Heard of Isle of Man and BVI. Don´t know if that´s cheap and easy though.

Any other ideas? Consider only a) 0% b) easy management/compliance c) cheap maintenance . Living is not considered for this discussion.

Thank you in advance.
Click to expand...

US LLC in the form of a disregarded single member passthrough entity is what you are looking for if we are talking cheap.

Very limited in banking and very much dependent on where you live if really tax free.

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[USDT]

Mister Sir said:
But Dubai banks don't have "Deposit Insurance" and don't pay "interest"
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Commercial Bank of Dubai is currently offering 2.5% on new funds for business accounts for amounts between 1-5M AED. For personal accounts, FAB offers 5% as part of the iSave account.

 

[Barney2201]

Isle of Man needs a resident director (they don't come cheap), plus you would need UK passport to call it home. If you are looking at IOM then consider Guernsey or where I live in Sark....

 

[jkl197]

JohnnyDoe said:
The only bank account that can't be frozen is your own bank, it's called bitcoin.
Click to expand...

until one morning governments pass a law declaring any private (or non-cbdc) crypto illegal

 

[lacomaco]

bigbite100 said:
Hello,

since UAE has not 0% corporate tax anymore, which countries are now usable for a cheap and easy setup, including bank accounts?

Heard of Isle of Man and BVI. Don´t know if that´s cheap and easy though.

Any other ideas? Consider only a) 0% b) easy management/compliance c) cheap maintenance . Living is not considered for this discussion.

Thank you in advance.
Click to expand...

The age of cheap and easy setup including bank accounts is over.

 

[sinos]

lacomaco said:
The age of cheap and easy setup including bank accounts is over.
Click to expand...

Its still not over with Dubai, if you can be creative along with a US LLC.

 

[lacomaco]

sinos said:
Its still not over with Dubai, if you can be creative along with a US LLC.
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With a bank account in a reliable bank? Or the PE problem of corporate taxation?

 

[JohnnyDoe]

jkl197 said:
until one morning governments pass a law declaring any private (or non-cbdc) crypto illegal
Click to expand...

sure, like they did with alcohol and like they do with drugs

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[OCT2023]

I've been looking into Belize for the Offshore Company with Singapore for the Offshore Company Banking, but I'm a ways from pulling the trigger on anything.

 

[prakashKumar]

bigbite100 said:
Hello,

since UAE has not 0% corporate tax anymore, which countries are now usable for a cheap and easy setup, including bank accounts?

Heard of Isle of Man and BVI. Don´t know if that´s cheap and easy though.

Any other ideas? Consider only a) 0% b) easy management/compliance c) cheap maintenance . Living is not considered for this discussion.

Thank you in advance.
Click to expand...

You can incorporate a Georgia free zone company; Georgia free zone companies do not require you to pay any kind of tax; Georgia is not on the FTFA gray list or black list.

 

[lacomaco]

prakashKumar said:
You can incorporate a Georgia free zone company; Georgia free zone companies do not require you to pay any kind of tax; Georgia is not on the FTFA gray list or black list.
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How long?

 

[JosephLL]

JohnnyDoe said:
sure, like they did with alcohol and like they do with drugs
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Arabic numbers, refridgerators, printing press (ownership punishable by death kept for more than 35 years in France)...and so on and so forth...