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I don't think it's such a requirement, this certificate may be asked by Sweden (I don't know about the specific of Sweden), usually they don't ask it per default, only if they look into you... to be double checked depending on the country you leave. That certificate can be one of the supportive...

Hey guys, Anyone would like to share their experience about their virtual assistant? Also, how / where to hire (country + recommended website or alternative) a remote assistant to deal with both personal and work topics would be helpful in my case now. I previously went with a ukrainian woman...

Is there still left an incorporation country (for a tax opaque entity) at 0% taxation which does not force you to fill your accounts to some dodgy registered agents? It feels quite unsafe to open your books to registered agents who could easily resell all that senstitive info. BVI, belize...

That's not entirely true, to get the residency certificate in Cyprus, you also need to own / direct / work for a company there.

I think OECD made sure they don't exist anymore.

Intersting thread. Toums, one addition about Dubai, as you mentioned it a few times, spending 90 days there only give you a local (not internationally recognized) tax residency certificate. If you want to get the international one, it's 6 month minimum. Dear OECD... Don, you mentioned Qatar...

From what I have experienced, they are likely to all care about your country of residency because their pricing varies depending on this residency factor.

Just be sure not to be french for Monaco.

I understand guys and agree, but what if it is managed abroad and only owned by a UAE corporate person (let's say free zone as a holding, where actually dividend may be tax free), and cannot produce a tax residency certificate from abroad. Does the tax transparency status of the US LLC makes it...

I read here in the section about "drawbacks for Malta" : Malta: tax and residency requirements (2024) Staying 183 days in Malta may displease users, and it is not a flexible limitation as the police conscientiously control the exits and entrances of freelancers. Have you checked how it is on...

Thanks again sols that this knowledge you share across the forum. I deduct from your arguments that it would be a better defence company setup not to display any involvement of the owner in the company (only passive income). Not that it would change it all I understand, but perhaps would...

Thanks Sols. What's the problem in the scenario that makes it obvious of having a "sham director", 30k just not enough? What if "Owner" is no longer employed and acts in the business through a power of attorney from the director, would it change much? I mean, that director is really suitable...

Hi, Let's set the scenario of an individual ("Owner") who owns a UAE company. The UAE company makes let's say 1 M€ a year and has a UAE full time resident director receiving a salary of 30 k€ (director has skills for the activity + does not have other directorship). Then Owner also is an...

My bad, I think you are very right, Here is the official law link and it indeed refers to qualifying free zone person. https://mof.gov.ae/wp-content/uploa...oses-of-Federal-Decree-Law-No.-47-of-2022.pdf I have been lazy to check the definition of qualifying free zone person, but most likely it...

Thanks Daniels. Yes the core activity would be offshore from HK as the activity is to invest or play with commodities / financial derivatives markets outside of HK. But in any case, the whole objective would be to pay 0% corporate tax so providing proof that profit has been taxed somewhere else...

Thanks Daniels for sharing that experience. How would it go in your opinion, if the director of the HK company (control and management) would be some kind of director from a 0% taxation country where no tax is to be paid, and the core activity would be outsourced outside of HK ? In term of HK...

Lots of info there: IRD : Foreign-sourced Income Exemption Even China has become the b* of the OECD, sad. Last edited: Jan 27, 2024

Just to share with the forum (likely has been mentioned in other threads), it seems small business relief for revenue (and not profit) below 3 000 000 AED is not eligible for a free zone person. https://cms-lawnow.com/en/ealerts/2023/04/uae-corporate-tax-small-business-relief-criteria I suggest...

Sounds like she might have found some excitement in your company to share such a detail.

I think 375 AED is for every entity, the profit threshold where the company starts paying tax. And then there is an exception of "small business relief" that you may (depending on criterias) apply for up until end of 2026 tax year. With that, you don't pay tax if your income is below 3 million...