I manage an e-commerce business within the EU and am considering establishing my company in a country renowned for its low tax rates and stringent privacy protections, all while continuing to reside in the EU.
My criteria include securing a bank account or EMI and a merchant agreement for Visa and Mastercard transactions. It's essential to minimize the initial setup costs and protect the UBO's privacy””ideally limiting the disclosure of personal information.
From reading a load of posts, I've identified two potential locations:
Dubai:
Last edited: Mar 14, 2024
My criteria include securing a bank account or EMI and a merchant agreement for Visa and Mastercard transactions. It's essential to minimize the initial setup costs and protect the UBO's privacy””ideally limiting the disclosure of personal information.
From reading a load of posts, I've identified two potential locations:
Dubai:
- Advantages: Offers significant privacy and a relatively low tax rate of 9%. The new tax regime does not concern me as much as it might others.
- Challenges: Initial expenses are estimated between €13,000 to €15,000, covering company formation, travel costs, etc. Additionally, there are requirements to visit twice yearly, and maintenance and renewal fees can be substantial.
- Advantages: Cost-effective and manageable in terms of long-term operation and sustainability.
- Challenges: Necessitates a nominee service, the costs of which are uncertain. Recommendations or pricing insights from the community would be valuable.
Last edited: Mar 14, 2024
