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  1. JonnyStekkino

    Best country / setup to minimize tax? (software biz, ~400k, eu)

    Not many alternatives in the world right now, and also I believe there's a good offer of luxury real estate for incredibly cheap prices compared to Dubai / Qatar
  2. JonnyStekkino

    Best country / setup to minimize tax? (software biz, ~400k, eu)

    It's 2 different options, unfortunately it's quite badly advertised, but for 200K BHD you can have the golden visa, and for 50K you can get a Self Sponsor Property Owner visa. The only difference is that with the Golden Visa you are allowed to work in the country. You can actually see and...
  3. JonnyStekkino

    Hong Kong Company

    According to the statrys.com guys, no issue for opening EMI or Stripe without residing there.. I mean they offer company formation and their account together but not sure if they say it just to sell it to me
  4. JonnyStekkino

    Hong Kong Company

    It's the current setup, but license is becoming too expensive, accounting as well, and taxes are no good
  5. JonnyStekkino

    Hong Kong Company

    I wanted to open an hong kong company to run few online tech businesses (my residency is in Dubai) but I live pretty much around in south east asia 90% of the year. wanted to ask to someone who had experience: is not having a residency in HK but just the company a problem when it comes to...
  6. JonnyStekkino

    Country of Incorporation without Tax (other than UAE) ?

    would be appreciated some examples instead of "depends"
  7. JonnyStekkino

    Best country / setup to minimize tax? (software biz, ~400k, eu)

    Well in Estonia if you payout a salary, yes is not taxed as the dividends, but you still have to pay Income Tax and Social Security Tax no?
  8. JonnyStekkino

    Best country / setup to minimize tax? (software biz, ~400k, eu)

    UAE has the requirement of 2 days every 6 months presence there if u are with any company residency. Bahrain much better, if you get the residency through the purchase of an apartment, you have no requirement of stay, and 10 years visa.
  9. JonnyStekkino

    Best country / setup to minimize tax? (software biz, ~400k, eu)

    I find the accounting costs in HK lower than 90% of the jurisdisctions honestly.. many modern accounting services out there pretty much like Estonia or UK.
  10. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    Same, everything is not clear and on top of that they put big fines without even giving grace periods. Better moving out ASAP.
  11. JonnyStekkino

    Best country / setup to minimize tax? (software biz, ~400k, eu)

    Buy an apartment in Bahrain (minimum 120k eur), you get a 10 years renewable residency there (0% personal basically no taxes at all). Then use a Hong Kong Company, if you manage to get the offshore status you pay 0% on the company as well. Perks: - no stay requirement in bahrain, you can live...
  12. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    actually no, they just said to register as soon as I can
  13. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    Dubai btw if keeps going in this direction is dead, before the deal was paying 5k eur license and you are good to go. now it's: 5k license 2k ifza accounting 1-1.5k other accounting stuff they confirmed me they can't do so need to pay someone else 9% taxes eventually to pay after 2026 or who...
  14. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    Spoken with IFZA internal accounting team, and this is what came out in brief: - VAT Registration mandatory, if you are late, do it and expect 10k AED fine. - CIT Registration mandatory to be done - Final Year Resolution date to be decided - Accounting can be done Cash Basis if the revenue is...
  15. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    I've evaluated romania but it's just too hassle: non english papers or support, a lot of bureaucracy, substance needed etc.. at the end you really better keep Dubai and try to minimize the profits to the minimum. Also considering the 9% is on what is over 375k AED, so very much depends on the...
  16. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    The main issue with this non sense juristictions is the missing support from Banks / Payment Gateways. Even Bahrain is not supported by stripe at the moment even tho bank are not bad. Seychelles is basically not supported by anyone. Hong Kong looks way more interesting at this point than Dubai...
  17. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    Can't see it, it's mentor group gold. Btw right now I have everything in Dubai ( Residency + Company ), and living in the Philippines (Tourist Visa), just go to dubai a couple of times a year to maintain everything. The thing for me it's to keep paying 0 taxes. Considering that I can get also...
  18. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    What about Hong Kong Company + Bahrain Personal Residency? Technically should be 0% taxes everywhere and 0 days required of stay for each country.
  19. JonnyStekkino

    Dubai is dead, any alternative to the free zone 9% tax?

    Apparently they introduced the 9% tax also for free zones except qualifying activities, which are very few and do not cover most of the people in Dubai. Anyone have any idea on alternatives for someone that does not live in that specific country? Maybe Hong Kong, an US LLC or an UK LTD?
  20. JonnyStekkino

    Does the new UAE tax apply for RAKICC offshore companies?

    Seems like they will be all taxed, except qualifying activities which are pretty useless are very few and does not fit the majority of people doing business in dubai. Currently in IFZA but trying to find a new alternative... maybe Hong Kong or a Bahrain

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