Where can i easily start a business in 2023 to save or pay no taxes?
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The real question is: how can you “easily” start a business that you know will make taxable profits?
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
That is the real question.
Making consistent profit is hard when you start smth new. So after that is being taken care of, move on to the next step.
No one answering his original question!
Dubai would indeed be a good place next to Mexico, Somalia and Costa Rica!
Dubai would indeed be a good place next to Mexico, Somalia and Costa Rica!
How did we all overlook Somalia? Such a business-friendly place! rof/%
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
UAE is your best choice with little input; indicators like foreign direct investments, global competitive index, GDP growth, and the numerous tax advantages 0 Income tax and 0 corporate tax for FZs are offered only in UAE. IF Properly structured, UAE is the ideal way to benefit from these tax advantages.
Last edited: Sep 18, 2022
I dont like Sharia and bad air quality.
Mexico was not yet on my radar. Can you tell something more detailed about it, also in comparison to Dubai and Somalia?
I suspect it's because Putin on Su-25, using his accurate russian radar, fired a missle which than broke down your old, clumsy radar. Huh?
P.S.
upgrade your radar 😛
You really want to talk about Somalia? 🙄 Why not also talk about Vatican City then, it's a zero tax country! rof/%
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Sharia? can you define Sharia? and in what way would that negatively play on optimizing your tax return?
Check out DIFC and ADGM they are governed by English common law. Yes, they are independent jurisdictions, but under the UAE Constitution, besides you don't have to live in UAE to take advantage of the tax law.
Saying you don't like it because of sharia sounds like I don't like Russia because of vodka.
Yes, I have. It's too far away. I don't like to fly 10+ hours, in this case regularly
Really? U mean I can just fly to UAE and bring/send my income (company dividends) tax-free without having to satisfy minimum residence requirements?
If the above is true, I have some questions:
I am a citizen of jurisdiction A with territorial tax regime and regard foreign income as tax free. I currently live in jurisdiction B that taxes worldwide which has a Double Tax Treaty with A.
1) Do I owe income tax to A?
2) Do I owe income tax to B?
If the above is true, I have some questions:
I am a citizen of jurisdiction A with territorial tax regime and regard foreign income as tax free. I currently live in jurisdiction B that taxes worldwide which has a Double Tax Treaty with A.
1) Do I owe income tax to A?
2) Do I owe income tax to B?
@Fred and @Gediminas may be the guys to help you with what you need there.
Back to the OQ - if Mauritius is to far away and Dubai does not suite you it will really depend on what capital you have behind you. You may already have read about Bulgaria and Romania but depending on what money you have available Switzerland is still a good and safe place.
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