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Nope, UAE resident

I don't see anything sketchy that one person made US or Cayman entity just in order to form pass-through LLP entity, the reason he didn't made LLP only with himself as partner - because LLP requires at least 2 partners to be formed. So that he formed US / Cayman entity which he fully controls...

But what is sketchy here? I will simply tell them that I'm the only owner of the LLP, they surely understand that such pass-through structures are used for optimizing tax base, so it should be ok with them. Anyway, I'm more scared that US entity in structure will scary them more, because...

I also suppose so. Can you tell why?

Don said it is possible to have 0% partner in LP, is it correct? And for LLP: can it be 0.1%? Or the minimum is 1%?

US LLC won't be liable for taxes in the US if make it a partner of the LLP? And if it's technically possible to use the LLC just to form the LLP, but in order not to make it taxable, to give the US entity 0% of the control over the LLP?

I'm going to form UK LLP, for that I need second partner - corporate entity in tax-free jurisdiction that will be controlled by me. What is the best jurisdiction for the purpose? My plans: 1. To give that fully controlled entity 0.1% of the LLP. So that the entity will be needed just in order...

Could you give the source where stated that audit is required only after exceeding 50m AED threshold?

From which amount audit required for US LLC?

I'm looking to travel in the next year without getting any tax residency, like perpetual traveler. But my citizenship country (Belarus) makes me pay tax in Belarus if I don't have any other country's tax residency. Even if I spend 0 days in the year in Belarus I must pay taxes in Belarus if I...

Could you explain why HNWI Georgia Program is worthless?

As a person who was born, grow and lived in the Belarus - I wouldn't recommend: 1) Tons of bureaucracy everywhere. 2) People in the government in Belarus = ONLY "big boss" (no one else has access to the power in the country, even minor decisions are taken only after his approve: there was a...

It means no one knows yet. Just need to wait for further updates from the tax authorities, may be they will upload them shortly, 1 June is really close.

Yes, but it's not easy in terms of banking, as well as you need to set up proper substance. And all of that costs pretty solid amount of $. Looks like using only US LLC and come to uae taxman with US statements is possible as well, and doesn't break the law, who knows.

We have been discussing UAE 9% corporate tax which will be effective on 1st June, and my lawyer told me “If the entity registered BEFORE June 1 2023, then your tax year will begin from 2024 year, so that all 2023 without tax” Examples: ● A business that has a financial year starting on 1...

I want to buy crypto through US LLC with best possible rate, close to 1:1. I found that one of the providers offer to convert fiat to crypto for 2.5% + 60 USD for each exchange, are there cheaper alternatives? P.S. crypto is going to be bought for business expenses, must be exchange that offer...

Not possible without residency.

So that FZCO with "holding" license?

How can UK LLP (UK entity) be a UAE Freezone (which means it's UAE Freezone entity)?

UK LLP can't benefit from Freezone status of UAE company