UAE resident starting global online business?

[pointodr]

Hi all

I'm a UAE resident (UK citizen)

I am starting an online business which will sell online services globally to individuals (think online personal training, sort of)

I was going to set it up as a US LLC as that seems to be the standard advice online

Is this the best way to do it or are there better options from a simplicity and tax perspective?

Thanks

 

[uranium]

Why not⁣ uae freezone since you live in uae ?
Setup wio biz + stripe to receive⁢ payments and pay suppliers
Easiest route in my opinion
Don't think you will get reliable︀ banking with us llc

 

[pointodr]

It's quite expensive to⁠ set up, no?

 

[uranium]

But more reliable‌ than us llc where you don't have foot on the ground
If you think more‍ expensive, you should not start business yet and raise more capital
Money bring money.

 

[pointodr]

Which freezone would you recommend?

Does a UAE LLC have the same protections as a‌ US LLC?

 

[uranium]

Reach out to emiratessetup they are available on‍ this forum they can help

 

[JustAnotherNomad]

Don't do it. Use a US LLC, do not use a UAE freezone company.

 

[Clank]

I would suggest a US LLC, cheaper to maintain, access to US banking and less‌ headache.

 

[Nw1]

How is it less headache? Their tax reporting work‍ is more strict and complex right?

 

[EliasIT]

Why would you say so? For a long time we learned‍ that the UAE were the best option, now you say the US LLC is better⁠ ?

 

[sebastian]

The problem, as I see it here, is⁠ often that many people set up a company or even an entire corporate structure, but⁤ they don’t have enough money to cover all the costs. This means they don’t really⁣ need it yet because their business doesn’t generate enough profit to justify the expenses.

 

[JustAnotherNomad]

What?

 

[Clank]

US LLC has always been better in my opinion.

 

[dany]

he may be confused 😀

And why that, can you elaborate‍ ?