Why would you form a UAE company?

[yngmind]

If you have a US LLC and UAE⁢ tax residency, you can pay 9% CT, but salaries can be useful if you want︀ to reduce profits.

You can sell visas to your friends and possibly get decent banking.︁

Yeah, I feel that's the best way to use it: an entity in a tax︂ country to do business + a UAE company to shift profits. But yeah, what's the︃ deal with BEPS?

 

[baio12]

They would work for your company and you pay them salary? What is‌ advantage for both sides?

 

[JohnLocke]

You think it is legal ?

 

[yngmind]

I know people doing‌ that for 10 years, no one cares.

They won't work for my company, lol.

 

[JohnLocke]

please explain how can you sell these Visa's and what exactly do they allow‍ you ?

 

[yngmind]

You have a friend who wants a UAE residency.‍ You offer him to get a residency through your company, you just "hire" him, and⁠ he get's an employment visa, and you charge him like $3-4k for that.

 

[icecold]

You mean where the idiots go we should not go. Dubai has still it's good‌ sides don't you think so?

Common 9% corporate tax is acceptable if you consider all‍ the privacy and other stuff you can do there. Looks also criminals are protected there⁠ as long as you keep it outside Dubai.