Personal Word from Fred

[friedrich5000]

US Visa is not mandatory,⁠ if your citenzship qualifies for VWP and you are free to travel without visa then⁤ the bank will not require you to have a visa. Im talking from mine and⁣ my friends experience. Opening of bank account is free of charge, min deposit was required⁢ was 100 usd.

You are talking about things you dont have much experience with, misleading︀ customers just so you can sell your product, thats not nice.

You can get a︁ plane ticket for 500-1000 usd and fly to the US and spend a nice holiday︂ and probably still spend less money than on your setup. I suppose annual maintenance of︃ US LLC is cheaper than the one of Panama corp.
If someone is rich it doesnt︆ mean he should waste money on overpriced services

 

[Shadow Atlas]

I think what CrazyPanda and to some extent, myself, feel is that⁠ your information is presented as a "turnkey" solution, where if you have a Panamanian company,⁤ you can cash out into Dubai, without a case-by-case approach.

From my personal experience, most⁣ company setups where there is no real substance requires at the very least, more sophisticated⁢ accounting and documentation, especially when working with banks.

Then finally, you talk about the "pooled︀ money" account loophole in Hong Kong, which allows you to use nominees to hide your︁ name on the account. It's similar to the interactive broker model, where for one main︂ account, you can open a bunch of "daughter accounts"... but here's my issue- you're trusting︃ that the main account holder, a Chinese money remittance service provider, is not going to︄ pull an FTX on your funds.

I'm not saying that this solution doesn't work for︅ someone... but as a European buyer, I usually get more convinced when someone points out︆ the pros, and also the cons of a service.

 

[AAJ]

The main selling point I see for this set up is the anonymity it could‌ provide via non crs. If you can guarantee nosy people cannot get access to Panama‍ company register details and the HK bank/DLS Offshore will not share UBO details at any⁠ cost, even if intimidated or threatened by tax authorities, it would be worth the cost.⁤ Are we supposed to just take your word that no information will be exchanged? I⁣ would feel safest with having nominee directors/shareholder for both company formation and banking, but it⁢ is very expensive. I also worry about the bank pulling the plug on the whole︀ operation, causing funds to be frozen or never see the light of day again. I︁ look forward to reading reviews in the coming weeks/months.

 

[Fred]

I claimed that IFZA is one of the︄ most affordable Freezones in Dubai and that the Management Board across has the same Nationality︅ like me and I have the best leverage for clients - while for most clients︆ such a likes of DMCC would have been an overkill in terms of costs and︇ regulations. Not less clients just used the FZCO to simply get a Dubai Residence Visa.︈

Yes - after my 2 Years pause for health reasons due to the enormous stress︉ with the UAE 9% Corporate Tax Situation I did want to serve at least the︊ former DLS Dubai Clients however IFZA did cut me off - I didn't cut off︋ anything - for what reason cutting off clients and operations that are already setup and︌ working?

With DLS Offshore I provide the people again the same Setup I'm personally using︍ and even a lot of former DLS Dubai Clients setting up right now with us.︎

Yes - I couldn't believe back then that UAE is so ignorant and is just️ killing the entire Freezone Industry making Freezones almost useless compared to Mainland Companies however I‌ have no problem with being wrong and went ahead since then.

Do you see any‍ unhappy former DLS Dubai Clients? I don't.

Majority of DLS Dubai Clients are till date⁠ happy with the Setup we did provide and even take the 9% Corporate Tax -⁤ I personally don't hence I provide the DLS Offshore to achieve the 0% Corporate Tax⁣ with No Audit and Accounting requirements again and some people need this service.

I don't⁢ understand where your negativity is coming from and why you are so offended by me︀ for building solutions for problems of OffshoreCorpTalk Users.

You need to︊ be able to enter the US - period.

One of my best friends got rejected︋ at the Border with EU Passport and Birth Place Iraq - I don't understand why︌ you guys have this holy grail and everything else is bad in your opinion -︍ there are endless reasons why to NOT touch the US - some very cautious people︎ like @Martin Everson not even touch the USD.

Anyway I got your point and it's️ understood that US LLC is popular in the OffshoreCorpTalk Forum and many Users have it‌ at the same time there is no reason for making the Setups we provide bad.‍

You just have a problem with us providing a commercial service - well welcome to⁠ capitalism.

It's so funny that new DLS Offshore Clients already begging me to onboard and⁤ not to waste my time with useless discussions here - anyway I do it so⁣ new people to the Offshore World get a fair Chance to make the right decision⁢ for themselves.

All valid︊ thoughts and yes I push the new clients to provide honest reviews here but even︋ then and like I'm used toi from the past:

Some User claim I do the︌ reviews myself.

Guys keep it fair and give new people to the Offshore World the︍ possibility to make their own opinion and not just everything else of US LLC is︎ dead evil.

When HHK banking is so "dog s**t" like some of you mention here️ - why is there a Thread here in the forum with 4K Views and 80‌ posts and a User running around in HK to open a Business Account for his‍ Offshore Company?

Because there is demand - like︅ it or not.

 

[CrazyPanda]

Nope, you claimed that IFZA was one⁠ of the best and most affordable free zones to incorporate in but at least now⁤ you can admit it wasn’t.

Because it’s not working, it’s much⁢ harder to sell a company setup with 9% tax and audit requirements so you simply︀ decided to sell another product that you can promote as a 0% tax setup.

I clearly remember that a lot of DLS complaint messages were somehow deleted and even︂ some users were banned for criticizing you in the forum. So yes, it’s hard to︃ see unhappy former clients here.

I’m not going to argue with you about your new Panama︆ company + UAE tax residency setup. You’re simply selling a dream again and this time,︇ you’ll put people in serious trouble(jail) in the UAE because of PE rules. Or wait,︈ do you have secret insider info from the UAE government again? Maybe they told you︉ "Don’t worry, we won’t enforce PE rules for tax evaders".

I always appreciate solutions and︌ efficient setups, but the thing is, I’ve been living and running a business in Dubai︍ since 2020 so I can see clearly than others how you sold unrealistic setups and︎ dreams. I’m not going to argue with you anymore, at least now people are aware️ of everything.

 

[Clank]

Annual maintenance for a US‌ LLC is close to $0.

 

[Clank]

Hong Kong banking︅ system is robust, I wouldn't worry about that.

 

[Clank]

This is a valid⁠ concern that I have as well. As soon as the bank notices their accounts are⁤ used this way they will close all of them.

 

[Roperfugal]

@Fred have you closed DLS Dubai? I am a client of yours. I díd not‌ get any notification from DLS Dubai that you have closed. I have a renewal coming‍ up. Thanks!

 

[Fred]

We didn't closed however if you have a⁠ IFZA License you need to work directly with them - they did cut us off.⁤

I would like to provide you the DLS Dubai Loyalty Discount like in the past⁣ however technically I can't.

 

[brianK]

I'm just happy to have you back, seen a lot of good and informative posts‌ from you in the past.

 

[Fred]

Thanks - doing my best‍ to provide clients good services and provide a lot information here public in the Forum⁠ Free of Charge as well.

 

[camylopez]

is it possible to get the bank accounts without the Panama setup?

I have a‌ limited partnership where the partners are BVI and Georgian, so passthrough and effectively 0% taxable.‍

 

[Clank]

Use Currenxie for that setup it’s basically the same. They‍ don’t do CRS.

He only offers banking for companies made by him.

 

[camylopez]

thank you. I‍ haven't used them before yet, but I have used other EMI's. Im trying to move⁠ away from online only banks and EMI's. I will get to them eventually though, no⁤ doubt.
fed up with the way such institutions invent laws that don't exist, and have⁣ no access actual compliance or frauds departments.
CRS is not an issue for me as⁢ I am a reportable entity in anycase.

 

[Houdini]

This conversation is about Fred and his service not about any EMI cig-:,