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Foreign companies and other non-resident juridical persons will be subject to UAE Corporate Tax on income derived from real estate and other immovable property located in the UAE and will be required to register in the UAE for Corporate Tax purposes. This applies to both immovable property that...

I opened a personal and business account at Citibank in NYC last year, as a non-citizen non-resident of the US. Have you documents ready, proof of residency in foreign country (utility bills), passport, residency/visa documentation etc. I had to visit in person, no major bank would open accounts...

UAE Corporate Tax: Taxable persons with Dh50m in annual revenues should maintain audited statements "Qualifying Free Zone Persons (QFZP) are required to maintain audited financial statements irrespective of their gross revenue or net profits," said Deepak Bansal from AskPankaj Tax Advisors...

I don't now much about PH as a jurisdiction, but a simple search returned the following: "A foreign entity with a PE is considered to be doing business in the country. It thus falls within the definition of a resident foreign corporation, and not a non-resident foreign corporation. As such, the...

Thanks for sharing. "Any company that is non-resident and does not have a permanent establishment in the UAE will not be required to register or pay UAE corporate tax." If I live in Dubai for over 183 days, and operate a US LLC, do I have to register? I won't have any offices or employees in...

https://empireflippers.com/

@Fred, if I want to live in Dubai, what are the requirements for me to have a free zone entity? I know your costs are about $10k to form entity and about $4k/year ongoing to maintain this entity, correct? This gets me a visa and I can buy a place to live or rent. No other requirements to...

https://www.timeoutdubai.com/news/uae-tax-more-fta-plan But now, after officially issuing a new corporate tax last week, the country's Federal Tax Authority (FTA) is exploring the prospect of introducing more. A road map of how tax is applied in the UAE is being looked at, while the...

If you go by the law, you could trigger tax residency (and hence taxes on global income) even without staying for 183 days in Georgia. Permanent Establishment would get triggered if you make any business decisions/manage operations from within Georgia. The point I was trying to make is that...

The ones I know haven't registered with Georgia at all. They don't file taxes in Georgia. In their mandatory US filing of 5472s and 1120s, they do claim that they manage the entities from Georgia. For immigration, they use their Canadian/UK passports and get 360 days/year visa free access to...

I live in Tbilisi. I have read the expathub.ge articles as well, but every time I ask a fellow entrepreneur, they say Georgia doesn't tax foreign income/entities (which technically is wrong, I know). I personally know owners of US LLCs who haven't paid taxes for 5 years of more in Georgia...

Do we need a commercial office address? If one owns property and lives in it in Dubai, would the residential address be sufficient as substance?

Isn't it super hard to get a business bank account if you for the free zone entity yourself? I thought that's where using the agent is needed the most, for the referral at the bank.

Thanks for clarifying. I do need to maintain a US LLC because of my client facing work, payment gateway etc..in that case, what would be the best strategy to minimize taxes? Should I still have a free zone entity along with the US LLC and the two entities can have some agreement to transfer more...

I came across this article: The New Corporate Tax Regime in the United Arab Emirates- Publications - Eversheds Sutherland A resident person (which is a taxable person) is defined in the CT Law as: (ii) a legal person incorporated or otherwise established or recognised in a foreign...

Doesn't the Permanent Establishment rule basically make any foreign "active" enterprise a locally sourced income in UAE going forward? https://www.eversheds-sutherland.co...porate_Tax_Regime_in_the_United_Arab_Emirates (ii) a legal person incorporated or otherwise established or recognised in...

Today is my last day in BKK, hopefully next time. From what a few people have confirmed, the ground reality is that on Elite visa you live tax free in Thailand. They don't bother you and no one looks into your foreign affairs outside of Thailand. I also don't foresee changing this in near...

Anyone else thinking to get the LTR visa? A couple from Canada posted their approval journey on FB, and all they had to show was $80k/year income for 2 years, since they were over 50 years old. If you're not over 50, the criteria is more stringent, $500k investment in Bonds/Property along with...

I showed up at the branches of various banks, only Citi bank opened the account for me. You might not need an SSN. Just go in prepared, have your tax ID proof from the country of residency, address verification (utility bills etc), whatever else you can show to make your case stronger.

I opened one at Citi bank earlier this year. I have a US SSN and history of banking with other US banks, but it was hard to get it done. Most other banks rejected me after I visited them at the local branch. I don't believe you can open an account remotely with a real US bank, being a foreign...