Hi,
ironically part of my job is to do FO structures and services for clients, but I guess it is easier to serve the needs of your own clients than mine.
Profile: I have EU passport (2), relocated recently from Switzerland to Dubai, will have a real residency in the coming weeks, golden visa under process.
I have already companies in Switzerland, France (will liquidate those) and UAE. most of them with partners.
I need an offshore company and a good "flexible" and stable bank, no issue to do a full KYC, utility bills, etc as UAE resident. I will put the minimum initial deposit for this company (ideally no more than USD 10k).
company will have mostly two stream of incomes: consulting fees (done by myself exclusively) and share profit/commission on specific deals, mostly from gold trading (will have the gold license with my UAE company in a couple of weeks, business model is quite standard without too much risk: I buy only CIF, doré bars mostly from Asia and Africa from known sellers) and other commodities (i.e. wheat, oil,etc.) those commission will come 90% from UAE company.
banking in UAE is easy for me, but I'm not very confident for the long term so I'd like to bank in Asia if possible. (also let's be honest..there is no good banks services in UAE, even in PB).
I will be sole shareholder and also director of the company. no employee.
which jurisdiction would be the best for that? I'm currently hesitating with :
- Honk Kong: start the company with Statrys with the "normal EMI bank account" then try to apply to OCBC or UOB when I'll be sure bigger income is coming. those two banks looks more easy for income coming from commodity activities. I would have to pay for the secretary and audited account. 100% will be foreign income so I shouldn't expect any tax.
- Singapore: for the stability but it looks more difficult to open a bank account and more expensive
- BVI: I like the jurisdiction but not sure about the right banking set up
- Labuan: I really like the jurisdiction as well as the banks (i.e. Maybank and OCBC) but it looks kind of a struggle with mandatory local employees and real office.
no crypto or else with this company.
I'm open to your suggestions
long term plan: I plan to do the PVIP residency visa in Malaysia (in addition to my UAE residency) for 20 years. which will also facilitate the banking facilities in Asia (and the country is not considered as "unfriendly" towards Russia for commodity trading).
if some of you are based in UAE and in the same working fields and would like to exchange ideas face to face, we can have a coffee/drink with pleasure.
ironically part of my job is to do FO structures and services for clients, but I guess it is easier to serve the needs of your own clients than mine.
Profile: I have EU passport (2), relocated recently from Switzerland to Dubai, will have a real residency in the coming weeks, golden visa under process.
I have already companies in Switzerland, France (will liquidate those) and UAE. most of them with partners.
I need an offshore company and a good "flexible" and stable bank, no issue to do a full KYC, utility bills, etc as UAE resident. I will put the minimum initial deposit for this company (ideally no more than USD 10k).
company will have mostly two stream of incomes: consulting fees (done by myself exclusively) and share profit/commission on specific deals, mostly from gold trading (will have the gold license with my UAE company in a couple of weeks, business model is quite standard without too much risk: I buy only CIF, doré bars mostly from Asia and Africa from known sellers) and other commodities (i.e. wheat, oil,etc.) those commission will come 90% from UAE company.
banking in UAE is easy for me, but I'm not very confident for the long term so I'd like to bank in Asia if possible. (also let's be honest..there is no good banks services in UAE, even in PB).
I will be sole shareholder and also director of the company. no employee.
which jurisdiction would be the best for that? I'm currently hesitating with :
- Honk Kong: start the company with Statrys with the "normal EMI bank account" then try to apply to OCBC or UOB when I'll be sure bigger income is coming. those two banks looks more easy for income coming from commodity activities. I would have to pay for the secretary and audited account. 100% will be foreign income so I shouldn't expect any tax.
- Singapore: for the stability but it looks more difficult to open a bank account and more expensive
- BVI: I like the jurisdiction but not sure about the right banking set up
- Labuan: I really like the jurisdiction as well as the banks (i.e. Maybank and OCBC) but it looks kind of a struggle with mandatory local employees and real office.
no crypto or else with this company.
I'm open to your suggestions
long term plan: I plan to do the PVIP residency visa in Malaysia (in addition to my UAE residency) for 20 years. which will also facilitate the banking facilities in Asia (and the country is not considered as "unfriendly" towards Russia for commodity trading).
if some of you are based in UAE and in the same working fields and would like to exchange ideas face to face, we can have a coffee/drink with pleasure.
