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I do not understand why you want to create a US LCC as a C-corp (and pay 21% CIT - also a CPA is required in this case); my suggestion is to create it as a disregarded entity that is considered pass-through for tax purposes and use the UAE company as sole-member of the LLC so that you can...

In the websites it says that Madeira IBC regime application finished end of 2021 so I do not think it is a vaiable solution anymore unfortunately. Don't know if they plan to extend it, though.

Unfortunately Mercury Bank is business-only and does not open personal accounts.

Looking for the same thing, a US personal bank account with a reliable bank.

an IFZA consultant currently said that the NOC they issue is not accepted by DLD, he asked it two weeks ago. Some IFZA representative can confirm it is accepted and property can be bought with IFZA company?

Hello, when you send funds from Zenus to another bank do they result as sent from your account name, or do they use an intermediary like "Custom House Financial" as like when you send funds?

Hello, I talked with a consultant and he said that currently, IFZA cannot issue NOC since the DLD does not accept them, is it through? Was someone successful in buying an apt with an IFZA company in Dubai Marina o Downtown?

About UAE I am not that sure: US, UAE intercept Houthi ballistic missiles over Abu Dhabi UAE is in a region with eradicated conflicts (middle east), it is also near Iran: Iran threatens to attack UAE over Israel deal The Bahamas may be a little bit unsafe in terms of local criminals but I do...

This was only to show that theoretically, it is very hard to find out if I am in my home country or in particular. What I wanted to say in the first post is if it is easy or not to find out the real country of residence if you remain in the Schengen area (no tax heaven) because in my opinion is...

Already tried, in the modal it appears only the follow button for other users it appears also the start conversation button, but not for you. Maybe it is a privacy setting you have in your profile. Last edited: Jan 26, 2022

I can send to you in private but I can't seem to be able to PM you. It is a legal agreement that I bought from a service online so I cannot link it publicly (also it is in my home country language so I do not know if you can read it).

In theory, since Lux has a very high CIT (24.94%) I do not think it will trigger CFC rules. About the royalties payments what I wanted to have is to pay a % of the total app yearly income as royalties, let's say 95%, regardless of the app value. Clearly, the app value will be much higher than...

Thank you, I'll try to find a service which does that? Any suggestions? Also about the valuation, can I then pursue this plan: "The plan is to sign an agreement with the Lux company to transfer for example 48% of company revenue to me and 48% to my business partner (as royalties signed in the...

I understand, but the value of the IP increases over time as the app grows, for example in a year we doubled the revenue that the app has generated since more users are using it. The value that the IP has will change one year from now for example. The plan is to sign an agreement with the Lux...

Yeah that's indeed the purpose of all this, relocating to a country in Europe which is not seen as a tax heaven and that cannot be questioned because of this :)

I do not think it is illegal to relocate to a country that has fewer taxes than yours, that's how all the people which transfer residency in UAE are currently doing. Also, the fact that you relocate to a non-tax heaven is better seen. If this was an issue then all the guys which transferred to...

Yes but then the money would stay in the company (I have also taken a look at Cyprus IP Box but in order to claim the reduced CIT you need to have lots of R&D expenses related to your IP in order to claim that benefit, in our case app is pretty much finished and do not require a lot of work or...

If you mean the coding side, you can hire freelancers to do the work if necessary and they can be paid using the Lux company for instance. A more complex setup would be to keep my home country company, without being the director of it, receive payments and do all the expenses like research and...

I am the owner of the IP personally (me and my business partner). The company in my home country has only a licensing agreement. Also, I can demonstrate the app was created years before I created my home country company if necessary. Why do you say that you might not be able to deduct royalties...

We are operating with a local company in which we are directors and shareholders and then this company has a license agreement with us (individuals) and we take a cut of the revenue.