0% Tax Offshore Company

[brianK]

A few years ago, I tried to register a BVI company, but the documents they required were absolutely ridiculous, and they needed a lot of information. I ended up abandoning the process along the way because it just became too complicated.

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[Mary P]

Well, that`s why legal assistance providers exist... So that you don`t have this headache and get your company opened in a few days
And, believe me, BVI is one of the easiest jurisdictions to open a company

 

[hofo]

Dubai is the best place for 0% tax if you read the threads of which there are many here about Dubai company registering and taxes.

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[lavel]

GiveMeFreedom said:
Hi everybody,

In which country could I set up an offshore company with a 0% tax set up where I'd pay no sales taxes, and no taxes when paying dividends? Is UAE the best option? I'd like something quick and simple to set up.

Also, if you could suggest some countries where I could live and receive dividends from that company (would it be considered foreign sourced income?) without having to pay any taxes, that would be great!
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Did you find this 0% solution for your offshore company plans and personal tax planning in general ?

 

[dany]

GiveMeFreedom said:
Hi everybody,

In which country could I set up an offshore company with a 0% tax set up where I'd pay no sales taxes, and no taxes when paying dividends? Is UAE the best option? I'd like something quick and simple to set up.

Also, if you could suggest some countries where I could live and receive dividends from that company (would it be considered foreign sourced income?) without having to pay any taxes, that would be great!
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Did you find where to setup company with 0% corporate tax? Dubai is the first place to look I think ?

 

[EliasIT]

GiveMeFreedom said:
Thanks for your help!

- For living standards, something like Mexico or Panama would be fine, but the higher, the better
- Business model: Website with affiliate marketing
- Annual turnover of +/- $250K
- Will conduct business with multiple countries, it depends on where the company paying the commissions is based
- I'm not sure about the costs of maintaining the business
- For banking I could use something like Wise, maybe?
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You should look towards places where the cost of living is relatively low and where the tax system aligns with your expectations. 0% tax is possible, but the standard of living is typically very poor if you only earn 250K annually. You should expect to pay some taxes and social contributions until you earn around 1M EUR annually and can potentially move to countries like Monaco or similar.

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My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[hofo]

GiveMeFreedom said:
The tax exemption ends in 2026, meaning 2025 is the last year I can live here and take advantage of it, so I'm planning ahead in order to move before 2026.

Going to look into the Nevis company and DR residency now!
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Can you tell me what you figured out. I'm planning to relocate to Dubai for 2 - 3 years in 2025 - doing personal stuff only so no tax to be paid. ??

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[JustAnotherNomad]

Wow, there is a lot of really bad information here.
UAE is 9% now, not 0%.

OP should first clarify what kind of income it is.
If it is US-sourced royalties, then you'll want to be in a treaty country. Someone here mentioned Georgia for cases like that.

 

[Nw1]

JustAnotherNomad said:
Wow, there is a lot of really bad information here.
UAE is 9% now, not 0%.

OP should first clarify what kind of income it is.
If it is US-sourced royalties, then you'll want to be in a treaty country. Someone here mentioned Georgia for cases like that.
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Next year probably will be 15% not 9% no more, it is 0% if income earnt below 100K and incoporated in specific freezone as per what I have seen online.

 

[EliasIT]

Nw1 said:
Next year probably will be 15%
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corporate tax in Dubai ? ja334¤¤#

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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.

 

[aniglo22]

Nw1 said:
Next year probably will be 15% not 9% no more, it is 0% if income earnt below 100K and incoporated in specific freezone as per what I have seen online.
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No , 15% applies only on Multinational Enterprises exceeding €750 million

 

[LegalConsultant]

10% on Annual base in Bulgaria. Nothing else needed

 

[JustAnotherNomad]

LegalConsultant said:
10% on Annual base in Bulgaria. Nothing else needed
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Why would you do that when you can pay 5% in Malta?
At 10%, you can use a Swiss company (well, close, I think the lowest is 11-12%), which has much better reputation than Bulgaria.

 

[BarleyMalt]

Some advice here is good, but you need to consider, on top of this, banking and how to exit. Indeed, many of those places have either incompetent or risk-averse banks, so you might not be able to cash out when you want to settle elsewhere.

Dubai is good and widely used for this and did retain their business after announcing a tax hike because it had an acceptable financial infrastructure. The opposite is countries like the Seychelles and related islands, where you'll have to deal with the most shady/expensive banking providers (hello Advcash) if you want access to a bank account.

 

[Nw1]

aniglo22 said:
No , 15% applies only on Multinational Enterprises exceeding €750 million
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Yes you are right but there is still speculation that it could be pushed onto other corporates too, plus dubai is not a full online incorporation system it requires vistation or a local resident agent to get certain works done for initial setup

 

[aniglo22]

Nw1 said:
Yes you are right but there is still speculation that it could be pushed onto other corporates too, plus dubai is not a full online incorporation system it requires vistation or a local resident agent to get certain works done for initial setup
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The 15% tax stems from the OECD's global minimum tax initiative (https://www.oecd.org/en/topics/sub-issues/global-minimum-tax.html).
The UAE is currently working to align its policies with the OECD framework and guidelines.
Small companies are not in scope by the OECD right now .