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  1. J

    There is a rumor that Dubai has another additional taxation plan

    I meant stable as in, they don't change the rules over night. It's predictable. Lawyers should give you correct information. In the UAE, everything is still very new and rules can change any time, as you have pointed out before.
  2. J

    Foreign Owned US LLC. What address is best to use?

    You can get an address from a provider like Anytime Mailbox. It does not have to be in the state where the LLC was formed.
  3. J

    Curious if people would keep 500K USD in the bank or as USDC/USDT?

    I thought t-bills have high fees associated with them on IBKR, but maybe I'm wrong. Can't you buy a money-market fund or just split the money across multiple banks?
  4. J

    Good, cheap and simple VOIP cloud software/app?

    Just use a SIP provider (tons of them) and then use any SIP client.
  5. J

    Relocation to Portugal? Or maybe Malta or Andorra?

    I'm not sure about the Spanish rules, but they would usually have to find a PE in order to tax foreign companies. If you just come and visit for a day to meet a client, I can't imagine they would be successful. And moving to a treaty country should lower the risk further. The more important...
  6. J

    There is a rumor that Dubai has another additional taxation plan

    Not really. Malta has 5% and it's a more stable business environment. UAE has ever-changing rules and no rule of law. You could wake up tomorrow only to learn the rules have changed, or they could even backtrack on things that seemed guaranteed in the past, so now you suddenly have to pay a huge...
  7. J

    Relocation to Portugal? Or maybe Malta or Andorra?

    Tbh, I think that's pretty good. Much better than someone just shooting from the hip. Not really, unfortunately, I haven't really explored PT much myself. Would be interested in what you find out!
  8. J

    Company in Singapore - crap or not?

    Now it's beginning to make a bit more sense. So a client pays fiat to the SG company and the SG company purchases services from the UAE company, lowering the profit of the SG company? And then you also keep all/most expenses of the business in the SG company, further lowering profits, while the...
  9. J

    Relocation to Portugal? Or maybe Malta or Andorra?

    There has been a court ruling that said income from a transparent US LLC should be classified as dividends - but in that case, there was some substance in the US (not sure if it was a multi-member LLC), so they were paying some tax in the US. I would expect that this would be quite different...
  10. J

    Malta Self-Sufficient Residency + Estonian OÜ

    Yes, management will probably be outsourced - you have to have a good explanation why you're not managing the company from Malta. But for passive entities like pure holding companies, this shouldn't be difficult/expensive, there's not a lot to do. Now, in most countries, CFC rules would kick in...
  11. J

    Malta Self-Sufficient Residency + Estonian OÜ

    Yes, management will probably be outsourced - you have to have a good explanation why you're not managing the company from Malta. But for passive entities like pure holding companies, this shouldn't be difficult/expensive, there's not a lot to do. Now, in most countries, CFC rules would kick in...
  12. J

    Malta Self-Sufficient Residency + Estonian OÜ

    Isn't AdSense revenue classified as royalties? Then a US LLC you don't pay tax on in Malta could be an issue. Yes, you can register a foreign entity for VAT - in fact, you have to. How else would you pay the VAT? You could probably even get an Italian VAT ID. But it's really not clear if you...
  13. J

    Malta Self-Sufficient Residency + Estonian OÜ

    Isn't AdSense revenue classified as royalties? Then a US LLC you don't pay tax on in Malta could be an issue. Yes, you can register a foreign entity for VAT - in fact, you have to. How else would you pay the VAT? You could probably even get an Italian VAT ID. But it's really not clear if you...
  14. J

    There is a rumor that Dubai has another additional taxation plan

    No, not really. They just have to boil the frog slowly. And the really wealthy live off capital gains anyway.
  15. J

    Malta Self-Sufficient Residency + Estonian OÜ

    Yes, instead you pay the full tax in Malta. Very smart move. And Malta can tax the Estonian company like a local entity. And Estonia can say part of the salary were actualy director's fees, which are always taxable in Estonia. You're really going for the worst of both worlds. If anything, it...
  16. J

    Malta Self-Sufficient Residency + Estonian OÜ

    Yes, instead you pay the full tax in Malta. Very smart move. And Malta can tax the Estonian company like a local entity. And Estonia can say part of the salary were actualy director's fees, which are always taxable in Estonia. You're really going for the worst of both worlds. If anything, it...
  17. J

    There is a rumor that Dubai has another additional taxation plan

    Definitely, they don't want to drive out all the low-skilled labor. Also, there's a good chance there will be something equivalent to the "small-business relief" - a temporary regime where people start declaring their income, but not paying tax. Then they just have to tighten the noose later.

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