Search results

I have been reading mixed opinions about owning a foreign company while being a resident of the Republic of Georgia. The tax advisor expat hub . ge says once you're a resident of Georgia, any foreign corporations controlled by you are taxable in Georgia, Dubai FreeZone company for example. Some...

Thank you for a detailed explanation. What are the costs involved in the FreeZone companies that you setup? Could you please give me a breakdown of the initial costs, and ongoing costs? If I decide to do this, I would go with the resident visa and actually move to UAE. I am on a Canadian...

@Fred, Does a Dubai Offshore Company, or FreeZone Company, pay VAT on all money that it collects from clients? Also do these type of companies need to maintain accounts, financial records such as receipts from clients etc, and get them audited by a local accountant? How does Cash Deposit get...

Thanks for answering Fred. Does the Freezone Company have the 5% VAT over a certain limit? Also, does that entity need to maintain financial records, accounts and have them audited?

Fred, a question regarding this. Does this Dubai Company need to maintain financial records, do accounting and have them audited every year? Is there a way to bypass company formation, and operate under a personal account? Open a bank account in your own name, then get a Interactive Brokers...

Hello wise ones, I am a Canadian who is currently living in Tbilisi, Georgia. I am a bit disappointed with local business opportunities in Tbilisi. I am considering a move to Dubai, UAE. I have 7 figure investments in real estate in India, and looking to transition out to a new destination. I...

I can confirm what others have said, if the farmland was bought while the person was still an Indian Citizen, and not an NRI (please look up the legal definition of NRI, it's tricky), then the person can continue to hold farmland even after renouncing Indian citizenship and receiving OCI. He...

We are physically not in the same country, so gold and cash is hard to manage. Bitcoin, something to look into, but I think I would run into the same issues past a certain limit.

Yes, I have. Any particular part of my setup seems concerning? Territorial tax system is commonly used, where a person can establish residency and avoid taxation for income sourced outside the country or residency. This setup is not available to US citizens but others like Canadians, Brits have...

Fair enough. I think the clients main concern was to have a trail go back to them. I guess there is no way around this, so either will have to let go of some of this work, or insist on invoicing.

Hello, Lurker here, first post, so hope I am not breaking any rules. 1. I am a Canadian citizen, non-resident of Canada. So I don't have any tax liabilities with my country of Citizenship. 2. I am a resident of Tbilisi, Georgia, which has a territorial tax system. Georgia doesn't care about or...