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It starts to dawn on me why some recommend a BVI company + residency in Cyprus. Receiving dividends a few times a year (or less) is unlikely to be classified as being self-employed. Still liable for GESY and anything upwards of €70k needs an audit but that is a simpler audit as it's only a few...

Since no foreigner can officially own more than 40% of a business in the Philippines, I don't see how that's possible. You can go through lists of successful Filipino businessmen and there are almost no foreigners present. With a foreign heritage, absolutely. I've witnessed how locals with a...

I concur. Laws are rarely followed in the Philippines. For an everyday example - if your vehicle gets hit and the driver simply runs away, nothing will happen. Police will "lose" paperwork, courts will simply ignore all laws and dismiss your case. You have no recourse. It cannot be compared to...

In other jurisdictions at least, you won't be categorized as a business if you're not juridical person and don't identify as a physical person acting as an entrepreneur, this classification is not applied automatically onto anyone. Granted, Cyprus can be different. With Social Insurance at...

Interactive Brokers for one and that's a big one.

It sounds like you're talking about trading in the sense of goods trading as is typical in most countries outside of US. If you're trading any physical goods or providing certain services then you fall into this category. Investment gains, whether it's short term as trading or long term...

Many brokers don't accept clients from UAE due to UAE being listed as a "dark" area when it comes to money laundering by western governments.