0% corporate tax jurisdiction - good banks, cheap and easy to maintain - which country?

[bigbite100]

Hello,

since UAE has not 0% corporate tax anymore, which countries are now usable for a cheap and easy setup, including bank accounts?

Heard of Isle of Man and BVI. Don´t know if that´s cheap and easy though.

Any other ideas? Consider only a) 0% b) easy management/compliance c) cheap maintenance . Living is not considered for this discussion.

Thank you in advance.

 

[sinos]

Nothing like Dubai, It's still 9% tax⁣ on profits. Nowhere you will get banking like Dubai.

 

[troubled soul]

https://www.caymanenterprisecity.com/

 

[Mister Sir]

But Dubai banks don't have "Deposit Insurance" and don't pay "interest" ....But what is intriguing‌ I heard a few years ago is a few banks if you sign up to‍ use their services u have a "chance" at winning prizes of a million plus dirhams!!!⁠ 🙂 Better than getting a guaranteed free toaster or a pen lol ....

Also it's worth⁤ mentioning bank accounts can be "ultimately" frozen in Dubai even though unlikely...but then again there⁣ Murphy's law...or in the UK they say sod's law....or even a unrelated law in Dubai⁢ called Sharia law which is totally different but can still possibly freeze or take from︀ your accounts 🙁....

 

[JohnnyDoe]

The only bank account that can't be frozen is your own bank, it's called bitcoin.

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[Fred]

US LLC in the form of a⁣ disregarded single member passthrough entity is what you are looking for if we are talking⁢ cheap.

Very limited in banking and very much dependent on where you live if really︀ tax free.

 

[USDT]

Commercial Bank of Dubai is currently offering 2.5% on new funds for business‌ accounts for amounts between 1-5M AED. For personal accounts, FAB offers 5% as part of‍ the iSave account.

 

[Barney2201]

Isle of Man needs a resident director (they don't come cheap), plus you would need‌ UK passport to call it home. If you are looking at IOM then consider Guernsey‍ or where I live in Sark....

 

[jkl197]

until one morning governments pass a law declaring any private‍ (or non-cbdc) crypto illegal

 

[lacomaco]

The age of cheap and easy setup⁣ including bank accounts is over.

 

[sinos]

Its still not over with Dubai, if you can be creative along with‌ a US LLC.

 

[lacomaco]

With a bank account in a reliable bank? Or‍ the PE problem of corporate taxation?

 

[JohnnyDoe]

jkl197 said:
until one morning governments pass a law declaring any private (or non-cbdc) crypto illegal
Click to expand...

sure, like they did with alcohol and like they do with drugs

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[OCT2023]

I've been looking into Belize for the Offshore Company with Singapore for the Offshore Company‌ Banking, but I'm a ways from pulling the trigger on anything.

 

[prakashKumar]

You can incorporate a Georgia free zone⁣ company; Georgia free zone companies do not require you to pay any kind of tax;⁢ Georgia is not on the FTFA gray list or black list.

 

[lacomaco]

How long?

 

[JosephLL]

Arabic numbers, refridgerators, printing press (ownership punishable by death kept for more than‌ 35 years in France)...and so on and so forth...