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In addition to this, to be able to close your FZCO, IFZA will ask for audited accounts for all the years of existence of the company, and this is an old rule...not anything that came up with the new CIT. Remember guys, about 1 year ago how we were all sold a FZCO with NO AUDIT by the forum's...

Here are some info I found from 2021 about fines related to vat. https://www.ey.com/en_gl/tax-alerts/uae-amends-vat-penalty-rules Seem late registration is a fixed 10k AED, might have been increased to 11k as our friend offshore13 got :( I would tend to say no, should start from May 2022 to...

You seem a little late to the party sadly. This is not true unless the FZ company does a qualified activity + have PE in dubai.

First you might want to make sure your phone itself does not listen to your conversation, which mean getting rid of google or apple. This does not come as an easy step, especially as most app are reliable on push notification from google (or whatever it is with apple). Graphene OS is what you...

Sols, may I ask if you are sure that if the trades happen on US exchange (CME for instance), through US broker let's say, that it would mandatorily trigger a need for the US LLC to pay tax in the US ? I have somehow been advised differently but I still have doubts... and taking risks with the US...

But in that case, the same issue you would face as a CY resident individual, your CY company will face. And your CY company will have to pay 12.5 % tax on this income that will not be seen as dividend (same principle as for an individual). Or reverse hybrid rules might be used against your...

I don't know much about the details of the US LLC. I am no expert about them, so I won't say much. Just check that EU reverse hybrid rules won't make your Cyprus company liable for paying Cyprus CIT 12.5% on the profit of the US LLC on the basis that it is a tax transparent entity.

I feel to have read all the relevant posts on the forum + the UAE corporate tax law + their FAQ, and I cannot find any indication of how UAE would treat, let's say a US LLC that has a foreign director in a country that would not care much about PE. The US LLC being be owned as a single member by...

I would not go there if I were you. Too many lies were said, too little care. I would not expect behaviours to change, do they ever change in business world?

Thanks Jerry. I think I know understand what you mean and I realize I did not mention a relevant info, the derivatives I trade cannot be considered a "disposal of title" as per CY law and are therefore not tax exempt in CY under capital gain or whichever other way. Hence my need to use an...

Because laws are made by mafias in power, and what is allowed today may not to be allowed tomorrow (that is the current trend in the western world). Some people might no like so much freedom being taken away, one day you might be one of them (I hope for you in Thailand that you will be spared...

Yep, and you should too.

I would be more cautious about the use of "there is no way info will end up in your current residency", but in theory what you describe is true if you get your personal residency permit in UAE. Though I remember you being a trader, whoever you use to clear your trades may be the one reporting...

Ok maybe, but I don't understand your point... how do you achieve 0% at corporate level ? Elias, yes I am aware of the nominee possibilities, I am regular of the forum and have been a few times in the mentor group. But I do not feel the nominee thing really helps me understanding better the...

Mostly because the 0% tax solutions for LTD's seem to have either disappeared or lost their appeal (I don't want to incorporate in the exotic islands where registered agents actually have control of the company), so I am trying to find a long term stable setup. Or do I miss something about a ltd...

Hi, I am heading the route of creating a closed/single family fund (it would actually be my personal money in the fund, no other family investor) taxed at 0%, which would be managed by a UAE single family office run by myself (will invest in listed & regulated derivatives). I am tax resident in...