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  1. SimpleGuy

    UAE clarification of Freezone Qualifying Income

    From my point of view, all businesses become taxed, the law is very clear. Marketing agency, online store, dropshipping, consulting. Even if you just sell a product to individuals, your business becomes taxed. Fortunately, my free-zone company is just a holding company that receives dividends...
  2. SimpleGuy

    Looking for a company to buy in Jersey, Guernsey or the Isle of Man

    Thanks, but it looks like it doesn't exist there... Compared to Dubai yes, Revolut Business For Revolut Business. Yes I heard that also;
  3. SimpleGuy

    French special economic zone company with 0% corporate income tax

    Hi, Yes exactly it only lasts 5 years, moreover you have conditions, you have to set up in a rotten area, rent a real office there, hire 50% of employees from this rotten area. It's made to energize ghetto areas. However, in some French territories you may have a reduced rate, or even 0% for...
  4. SimpleGuy

    African banks

    Madagascar is one of the poorest countries in the world, that's why. Mauritius is not comparable because it's developed so I don't think it works the same way. Same for South Africa, Namibia, Botswana, I think it is more difficult there to open a bank account because the countries are now more...
  5. SimpleGuy

    Stripe Refuses To Release My Money After 120 Days Hold...

    Contact the support, don't just submit hundred times the ID.
  6. SimpleGuy

    African banks

    Yes I have a company in Madagascar, I employ around 50 people here. If you are white, the KYC is successful. It's a big proof of seriousness here, and that even if you are smuggling firearms with your company registered in the Bahamas. More seriously, it's always better to go there, just bring...
  7. SimpleGuy

    Best Physical Bank

    Hello everyone, I have a company in the UAE, in free-zone, a local office and a full-time employee present on site. Also two subsidiaries (Czech Republic and Madagascar). I use Stripe to collect payments. For the subsidiaries I have no problem for the bank accounts. But for my parent company...
  8. SimpleGuy

    Looking for a company to buy in Jersey, Guernsey or the Isle of Man

    Hello, I am looking for a company to buy in Jersey, Guernsey or the Isle of Man. This because it is impossible for me to open a company there. Best,
  9. SimpleGuy

    Euro bank account for UAE company

    We can cash in the UAE, and also spend with our UAE card but the problem is the fees. Stripe 3% + 1% conversion fee, and when spending 3% to convert back. That's almost 7%. That's why we'd like a bank with a European IBAN to have a Stripe fee of just 1.4%, and no conversion fees on spend. I'm...
  10. SimpleGuy

    Euro bank account for UAE company

    Good evening, Can someone recommend me a bank (not an EMI) in Europe that opens euro bank card accounts for a company based in the UAE? Best,
  11. SimpleGuy

    Jersey, Guernsey, Isle of Man 2023

    Hello everyone and thank you a lot for your answers, Yes I know I can have an account with Currenxie, I currently have one with Multipass which provides an IBAN in euros, however the main problem is that you cannot get a debit card in euros. The main problem is the bank card in euros, I would...
  12. SimpleGuy

    Jersey, Guernsey, Isle of Man 2023

    Hello everyone, 2 years ago I tried to open a company in Jersey, but it's a terrible headache with all their "economic substances" and I finally fell back on the UAE, where I currently have an employee on the spot. However, the UAE does not suit me, it's sharia, it's far from Europe, you can't...
  13. SimpleGuy

    Taxation for manufacturing my own products

    Hi all, I need help to know if a tax arrangement works. Let me explain my current situation. I sell products online that we manufacture ourselves. I have a holding company in the UAE (1 employee) and two subsidiaries, one in Delaware (without employee) to collect the money (because with Stripe...
  14. SimpleGuy

    US LLC opening Bank account

    Actually the best option is Mercury if you are non-resident
  15. SimpleGuy

    UAE Free Zone Company + Bank account for sale

    Yes accounts can be kept, we just need to change the ownership. I want 10.000€, it's the price that I paid for opening the company and the accounts.
  16. SimpleGuy

    UAE Free Zone Company + Bank account for sale

    Hello everyone, I created a free zone company in Ras al Khaimah (UAE) last year, I opened 2 bank accounts (Emirates Islamic and Mashreq). I don't need it anymore, but I know that opening a bank account is difficult so if anyone is interested I'm selling it with both accounts.
  17. SimpleGuy

    US LLC opening Bank account

    Of course but then you must pay tax in the US.
  18. SimpleGuy

    US LLC opening Bank account

    Because I don't have a SSN or ITIN, it's mandatory to have one to get this kind of card
  19. SimpleGuy

    US LLC opening Bank account

    Because it's the only bank who accepted me. Then I opened a TransferWise account but it's not really a bank account and they do not provide a debit card for US companies yet.

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