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    UAE freezone company audit

    200K will be the lowest reasonable treshold just in case if you are not ecommerce business. Costs of accounting and audit for high amount of transaction will be too high and CC processing costs are too high for UAE. Fro ecommerce business UAE will be uncompetitive any more.
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    If not Switzerland, where would you open a real bank account for a Swiss AG?

    Almost every retail bank in EU will open bank account for Swiss AG if there will be a reasonable connection to the country (like citizenship of shareholder / director, customers, suppliers..)
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    Non CRS bank for foreign owned disregarded entity LLC?

    Even Martin Everson wrote you a list of countries, you have to remove countries which banks will not open account to anything what has any connection to US, due to costs of bank to fulfill FATCA conditions. There will remain less than 5 countries in a list.
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    UAE freezone company audit

    Based on point 10.16: FREEZONE COMPANY TO BE ELIGIBLE TO BENEFIT FROM 0 % CIT, COMPANY HAS TO MAINTAIN AUDITED FINANCIAL STATEMENTS. So, UAE Freezone company does not make sense any more. Especialy when substance is required. Costs of accounting and audit are comparable to many other...
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    UAE freezone company audit

    Have you red carefully? First condition - substance.requirement Do you have physical office and staff? I expect you do not (based on 22K AED fee). If you do not have, forget to 0 % CIT. Self assesment is not mentioned anywhere. "Automatic" means that you do not have to apply for 0 % CIT. But it...
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    UAE freezone company audit

    I understand that you as person selling UAE will argue just dor that. HK banks has no problem with companies without substance. They have this problem just with newbies and ralsk about substance requirement is just about having a good looking reason how to say no. In reality, if you are able to...
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    UAE freezone Company Tax ID for Stripe account openning

    They ask it for new account openning.
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    UAE freezone company audit

    It is not about pain treshold. It is all about math. If I shall pay high fees for accounting, audit and pay tax afterwords, there are more jurisdictions where numbers will look better. What is diffence between UAE and Hong Kong for ecommerce biz? Cost of accounting and audit. If I shall pay as...
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    Offshore Gold Storage For Multimillionaires: What Are Your Options?

    The best way how to safeguard your precious metals is by storing it in offshore valut, but contract has to be between foundation nr. 1 formed in a third country. The best solution is if foundation is formed in jurisdiction which does not cooperate with country where you live in any way...
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    Incorporate software start-up company in EU country (Estonia or Cyprus?) before crowdfunding

    Why do you consider moving to a country where company will be incorporated? You can live elsewhere. You can also consider other countries EU is not the best place for business. Whatabout Georgia, UAE,...?
  11. L

    UAE freezone Company Tax ID for Stripe account openning

    They require it now for every UAE company (does not matter if mainland or FZ)
  12. L

    UAE freezone company audit

    Law sets one of conditions: adequate substance. What everything does it? Physical office? Flexi desk? Staff? I have not found information if Audit will be mandatory to show having all conditions fulfilled.
  13. L

    UAE freezone company audit

    Is there any exact date set when there will be new rules set for UAE freezone companies based on CIT laws? I have UAE freezone company and still considering between having this UAE freezone company or incorporate in some other countries. I have ecommerce business. Will be audit required for...
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    UAE freezone Company Tax ID for Stripe account openning

    Stripe requires Tax ID for account openning. How can UAE freezone company apply for one? I tried to do some research and it looks that it is issued just once company makes a VAT registtation. Is there any way how to obtain is before reaching a limit for VAT registration?
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