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Thanks for your answer..are there websites or other resources for someone looking to acquire an existing business? Or do such listings commonly appear in local publications? Edit: Not sure why I haven't googled that till now, but I have round some listings...

Piggybacking on this thread, and want to ask about options for a lump sum investor. Are there investment options for a person who is considering landing in Dubai with a lump sum, high 7 figures? Looks like Dubai real estate is in a slump and supply will outweigh demand for foreseeable future...

@FlyAway could you please tell me who you used to form your Fujairah company and bank account, and how long ago? How much was the setup cost and yearly maintenance cost? Do you have to do yearly accounting and file audited financials? Thanks.

Yes, GeoConsul.Gov.Ge - Ministry of Foreign Affairs of Georgia

Georgia, 0% tax on crypto as far as I know, and most first world passports get you 360 day access to the country, no visa needed.

This is quite interesting. As far as I understand, Single member US LLC is disregarded entity, so basically taxation of that entity is the same as the owner of the entity. If you as the owner reside in a country where there is no personal taxation (such as UAE), you should be able to retain the...

I currently resident in Tbilisi, Georgia. But the "management of corporations" from Georgia technically make those corporations Georgian entities. This rule is not enforced, but I am evaluating options to avoid any future liabilities. Panama does seem more economical compared to UAE for forming...

I am still early in the process, comparing my options in Panama and UAE. Are you actually planning on moving to Panama, or will you keep your current residency?

Thanks @CaptK. I have sent an email to Al Hamra, but haven't heard back. I will update this threat once I have more details.

I am not expert on the subject, but from my understanding, if you continue to be a resident of India, none of the offshore jurisdictions will help you in any way, because the brain/management/owner of the offshore corporation resides in India. The new Common Reporting Standard or CRS, would let...

Thank you @CaptK. What happens after the 12 year period in this case? I have asked them the same question, but would be good to know. Seems like their cheapest option, 292k AED apartment, is already sold out according to New 12-year UAE Residence Visa Initiative Drives Record Sales of Homes in...

Came across this article and wanted to see if anyone had any experience or input on this option. Sounds almost too good to be true considering starting price of 292k AED for apartments. Not posting the links cause I am not sure if I am allowed to put links in the posts. AL HAMRA IS OFFERING...

I am glad I came across your thread, I have been researching the same topic. I'm a Canadian interested in Panama Corp + Residency. An entity or an individual which has its activities outside of Panama will automatically escape taxation. On the contrary, an entity or an individual which engages...

This is relevant, so posting. My interpretation is that most e-commerce activities (like Amazon FBA or drop shipping), and software related services where your clients are abroad (lead generation, app development, website development) won't be construed as Panamanian source. Thoughts? According...

I am a Canadian, digital nomad, comparing Panama and UAE for residency and company formation. I am trying to get my head around territorial taxation but either I am not understanding the concept, or countries seem to have different interpretation of what territorial taxation means. To discuss...

I plan on educating myself more on this. Thank you for your input.

You're right. I meant that if you spend more than 183 days in Georgia, then your foreign income such as consultation fees and any foreign corporations you control/own/manage are all within Georgian tax net.

I meant to say, nomad capitalist . com, but it got truncated.

All in all, it's disappointing that "experts" like <<snippet>>.com and others just say, your "foreign income is tax free in Georgia" or "Georgia has no CFC laws", when it's not true. Even being a freelancer or day trader, if you're performing the activities from the territory of Georgia, that...

Would a holding company formed offshore (say UAE), which only retains some assets such as domain names, IP or the like be ideal to avoid being considered being "run" from a different jurisdiction? If the holding company does not require any day today operations, it would be hard to prove it was...