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Salary isn't taxed in the UAE , so in the case above one can also, to reduce profit, take a high but reasonable salary to not fall under GAAR rules.

Well, you have to pay US federal taxes if you are engaged in a trade or business in the US (ETBUS). And the definition of ETBUS is that you perform the work in the US, you have a US office or you have employees or dependent agents in the US. If you do the work from abroad, and have no...

Airwallex has a more sensible take on this: "Currently we cannot onboard businesses with UBO/directors that reside in Russia or Belarus. If you are a Russian or Belarusian citizen but have a valid residence permit in a non-prohibited/sanctioned country, then there is no restriction to onboard."

It wasnt anonymous with regards to the US government before the BOI form either. And if incorporating in a new country it's not going to be anonymous with regards to the government in that country - and that country may share info with other countries. To get anonymity you got to use mentor...

See here, in the instructions for 5472, and no they don't send any confirmation back that they have accepted the letter/fax: Instructions for Form 5472 (01/2024) | Internal Revenue Service : "When and Where To File File Form 5472 as an attachment to the reporting corporation's income tax return...

5472 is somewhat tricky. I got professional help the first year, and then did it myself after that. An annoying thing is that you cant file the forms online or email them to the IRS. They have to be sent by post or faxed. There is no real functioning postal service where I live, so I use a US...

Im not JohnnyDoe, but my experience of operating US LLCs is that banking is quite straightforward. Opened a bunch of accounts with US EMIs (that typically do require you to have US customers) and non-US EMIs. There is a whole thread about it here I tried opening a US business account in 18 EMIs...

I mean you will still have to pay tax to the HMRC on your income from the UK house, and/or corporate tax on your business if it is an LTD (and not non-resident), but the house and business doesnt cause you to be tax resident in the UK (except in the rare case you meet none of the days tests, and...

Depends on your home country, but most high tax western countries have rules about ties or center of vital interest that mean that you are still a tax resident if you have a property or a business in the country. So in this case it doesn't matter how long time you spend in the UAE, as long as...

To answer my own question, if you move from a high tax country with rules against tax havens (Italy, Spain, maybe France) , to a tax haven, a tax residency certificate is I think one of the many documents they will ask you, in order to confirm your status as resident in the tax haven. But in...

And also, it is only a tax on quite narrowly defined industrial (e.g. production from raw materials) and commercial activities (e.g. sale of goods) where more than 25% of the turnover comes from outside Monaco. Consulting services for example would not be a commercial activity, nor any revenue...

Why do you need a tax residency certificate? Who is asking for it? I mean I have lived in 7 countries, have 2 businesses, a few citizenships and residencies, and have over a dozen bank accounts in multiple countries, and I have never been asked for tax residency certificate. And I dont know...

Lesson from JohnnyDoe there, find your nominee directors in a strip bar. But something that could work is just somebody semi-illiterate from a third world country that doesnt have the knowledge/capacity to steal the company, and is super grateful for a modest but life-changing monthly stipend...

It also that France (along with Italy, Spain, Australia and of course the US) is one of the aggressive countries that keeps track of its citizens living abroad, especially if they are wealthy. In such cases France might come up with some reason/interpretation that a wealthy citizen is a tax...

See here: https://www.oecd.org/tax/automatic-...istance/tax-residency/Spain-Tax-Residency.pdf It says "Individuals of Spanish nationality who accredit their new fiscal residence in a country or territory labelled as a tax haven will not lose their status as taxpayers for Individual Income Tax...

I think Zen has two plans for companies, one free and one premium called "Enterprise" which costs 100 EUR per month. See Account / Pricing

Great stuff! Would be good to have a list of EMIs that open accounts for US LLCs excluding those that have very expensive charges specialised in clients that don't have many other options. I got 4 more suggestions: zen.com (licensed in Lithuania but founder and team behind it from Poland) "In...

Isn't the best way to be safe if you are a French director of an offshore company, to not be a tax resident in France? And also I guess, have multiple citizenships and not use the French one in any corporate registries.

Yeah, good point, using personal or company account comes with separate issues. And whether it's best to use personal or company account depends on one's situation. But I think one can open company accounts at brokers/EMIs/Banks that support crypto as well, not always as easy as opening a...

I'll just comment on the converting to crypto part. One no longer needs to use a dedicated crypto exchange to convert to crypto nowadays actually. Crypto is seeping in everywhere and regular online brokers and even EMIs/banks have started to offer it. For example, instead of sending from...