UAE company advice needed
- Thread starter Estek
- Start date
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Hi.
I read some stories about that banks report police about strange activities in bank accounts and I thought that I can fell in trouble if I withdraw cash or send money from one account to another.
Then some people told that there are connections (CFC?) between countries and they (EE) know that I have company in UAE.
So I stressed too much and told in my post things that I shouldn’t. I am sorry for my behaviour and next time I need to think more by my own mind.
Just came to my mind from my previous experience:
I had a branch ( daughter-company︀ ) last year in Latvia. Latvian banks didn’t want to open bank account because mother-company︁ was not “resident”, so they treated it like non-resident and denied. I needed to put︂ investments to Latvian-company and just withdraw funds from mother-company bank account. Then after some time︃ my mother-company was audited and when I told why I withdrew funds, the tax inspector︄ was very surprised that I have Latvian branch.
I am telling this that to let︅ know that even between neighbourhood countries no info exchange who owns which company. Even this︆ information is open.
Now I know what I need to do but I have damaged︇ your reputation for no reason.
Next time I will be more tactful.
I read some stories about that banks report police about strange activities in bank accounts and I thought that I can fell in trouble if I withdraw cash or send money from one account to another.
Then some people told that there are connections (CFC?) between countries and they (EE) know that I have company in UAE.
So I stressed too much and told in my post things that I shouldn’t. I am sorry for my behaviour and next time I need to think more by my own mind.
Just came to my mind from my previous experience:
I had a branch ( daughter-company︀ ) last year in Latvia. Latvian banks didn’t want to open bank account because mother-company︁ was not “resident”, so they treated it like non-resident and denied. I needed to put︂ investments to Latvian-company and just withdraw funds from mother-company bank account. Then after some time︃ my mother-company was audited and when I told why I withdrew funds, the tax inspector︄ was very surprised that I have Latvian branch.
I am telling this that to let︅ know that even between neighbourhood countries no info exchange who owns which company. Even this︆ information is open.
Now I know what I need to do but I have damaged︇ your reputation for no reason.
Next time I will be more tactful.
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