UAE resident starting global online business?

[pointodr]

Hi all

I'm a UAE resident (UK citizen)

I am starting an online business which will sell online services globally to individuals (think online personal training, sort of)

I was going to set it up as a US LLC as that seems to be the standard advice online

Is this the best way to do it or are there better options from a simplicity and tax perspective?

Thanks

 

[uranium]

pointodr said:
Hi all

I'm a UAE resident (UK citizen)

I am starting an online business which will sell online services globally to individuals (think online personal training, sort of)

I was going to set it up as a US LLC as that seems to be the standard advice online

Is this the best way to do it or are there better options from a simplicity and tax perspective?

Thanks
Click to expand...

Why not uae freezone since you live in uae ?
Setup wio biz + stripe to receive payments and pay suppliers
Easiest route in my opinion
Don't think you will get reliable banking with us llc

 

[pointodr]

uranium said:
Why not uae freezone since you live in uae ?
Setup wio biz + stripe to receive payments and pay suppliers
Easiest route in my opinion
Don't think you will get reliable banking with us llc
Click to expand...

It's quite expensive to set up, no?

 

[uranium]

pointodr said:
It's quite expensive to set up, no?
Click to expand...

But more reliable than us llc where you don't have foot on the ground
If you think more expensive, you should not start business yet and raise more capital
Money bring money.

 

[pointodr]

Which freezone would you recommend?

Does a UAE LLC have the same protections as a US LLC?

 

[uranium]

pointodr said:
Which freezone would you recommend?

Does a UAE LLC have the same protections as a US LLC?
Click to expand...

Reach out to emiratessetup they are available on this forum they can help

 

[JustAnotherNomad]

Don't do it. Use a US LLC, do not use a UAE freezone company.

 

[Clank]

I would suggest a US LLC, cheaper to maintain, access to US banking and less headache.

 

[Nw1]

Clank said:
I would suggest a US LLC, cheaper to maintain, access to US banking and less headache.
Click to expand...

How is it less headache? Their tax reporting work is more strict and complex right?

 

[EliasIT]

JustAnotherNomad said:
Don't do it. Use a US LLC, do not use a UAE freezone company.
Click to expand...

Why would you say so? For a long time we learned that the UAE were the best option, now you say the US LLC is better ?

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[sebastian]

uranium said:
But more reliable than us llc where you don't have foot on the ground
If you think more expensive, you should not start business yet and raise more capital
Money bring money.
Click to expand...

The problem, as I see it here, is often that many people set up a company or even an entire corporate structure, but they don't have enough money to cover all the costs. This means they don't really need it yet because their business doesn't generate enough profit to justify the expenses.

 

[JustAnotherNomad]

EliasIT said:
Why would you say so? For a long time we learned that the UAE were the best option, now you say the US LLC is better ?
Click to expand...

What?

 

[Clank]

EliasIT said:
Why would you say so? For a long time we learned that the UAE were the best option, now you say the US LLC is better ?
Click to expand...

US LLC has always been better in my opinion.

 

[dany]

JustAnotherNomad said:
What?
Click to expand...

he may be confused 😀

Clank said:
US LLC has always been better in my opinion.
Click to expand...

And why that, can you elaborate ?