Search results

The UK company won't make any profit ;) Banking in the UAE is easy so long as you provide the required documents. You just have to be patient.

Exactly, you require substance by way of proper office and not just an address with 20K companies registered. Then additional paperwork to open an account as a non resident.

Are you willing to relocate as this seems your best option. As you cant justify a single cent right now. Move for 6 months whilst you are paying what you need to and then return and start paying a reasonable amount of tax as per your lifestyle. If you want to buy a property then a loan against...

If you have not declared the payment and it's not shown anywhere on the books then you can swap it out. Basically swap your crypto from another unrealted source. Then do as I said above.

He needs a bank account UAE is your best option

I think OP needs to define cheap? UAE is gonna cost you north of $8k UK Ltd is going to be about £3K. What is the reason why you dont want US or EU?

Are you willing to relocate as this seems your best option. As you cant justify a single cent right now. Move for 6 months whilst you are paying what you need to and then return and start paying a reasonable amount of tax as per your lifestyle. If you want to buy a property then a loan against...

Receiving it on your personal account would then also apply tax liability. Can the person you are paying accept a 3rd party payment. Plenty of ways it can be done in the UAE as there is not tax applicable or CGT. Tried and tested the world over, and by using the lawyer to safe guard the asset...

Can you give a bit more of an explanation of Crypto related? Assuming that the Crypto currently sits outside of the company, you set up the entity and inject the crypto and use it as seed. If you are willing to leave the UK then that would be the best place for your structure currently. With the...

Decentraland!!! There is not any country anymore. What you can do is use a country that are quite lax on reporting and or antiquated in their systems. Find a tax haven you like, make that you base and travel around throughout the year. Using the current structures of Trust/Foundation models to...

Residency determines tax status ultimately, so you cant base erode/price transfer if you don't live in that country. Depending on outside factors like customer base and actual product determines where tax is due. For example (NOT ADVICE!!) Thai resident Digital products or consulting. US...

OP is better to lay out his situation and we can all comment

You are limited outside of EU as banking is difficult. Seychelles is not cheap to maintain and even harder for bank account. What is your nationality and residency.

SHAMS FZ is an LLC so that fits the bill. An FZE is like a sole trader in the UK. So it's Bob trading as ABC Enterprises. I don't know the definition in other countries.

I have a Swiss SRO with full crypto licence and precious metal holding and transfering, stock trading, loans, mortgages and welath management for about €600K. Not a full bank but a lot better than an EMI. The best you can get without huge amount of share capital but also without the conditions...

You are better off UAE, but ensure to have all the substance in place before you apply for the Binance UAE.

Your mum invested in the business at the beginning and you are paying her bank.

Syndicates are dressed up in many forms. Ultimately what you want to do is set up an SPV and place the funds into it via a layers client account. Then you can purchase a property and the give it to a company that does guaranteed rent. They will take care of the unit and can guarantee the rent...

UAE is ok for now but we still don't know how far they will go on Crypto licensing. For a set up like yourselves I don't think that there would be any issue. They are more pushing for regulation with coins (ICO) and projects (DAO and IDO) exchanges (CEX and DEX) and investment pooled funds...

UAE company doing anything in crypto requires it's own license. Be sure that you don't overlook this as it will either cost you a lot, could land you in jail or both.