Thanks, Michael I have to admit chasing a 0% tax set up in today's world could be a double edged knife. A good alternative and one which has far less exposure - in my opinion - is to simply find a location where you pay the least amount of tax with the proper substance behind it.
Agreed. Many other factors should be considered when planning out your life, aside from the 0% tax chase. What would be the place that fits your criteria?
When everyone talks about UAE they don't mention the hidden taxes like license price, you should pay for it 2-4k usd per year. Apart of corporate tax 9%
Thanks again for your content - I always come away thinking that if someone tries to go it alone without someone of your calibre it’s an absolute minefield.
Excellent material as usual! As you may have read, the DTA between the US and Hungary will be cancelled on 1 Jan. I would love to see a video on how this will change the business relations between the two countries. I think it is relatively rare but not without precedent.
Michael is excellent. Anyone telling you one jurisdiction is correct run a mile from. There are so many factors like citizenship, DTA, your clints suppliers. Substance critical in case your tax authority comes after you.
Thank you Michael ❤ Can you do a video on the current state of UAE corporate tax rate? First they said free zones will be exempt. Now it came down to a very narrow set of situations where it’s true. Even zones like DIFC which promised and even had laws exempting companies from tax for 50 years plan to charge 9%. Is there a strategy to still enjoy zero tax operating from Dubai for most companies? Good thing they have no CFC rules but they do have management and control rules. Is it better to register mainland companies now or there’s still some benefits to free zone ones?
If you live in the UAE, would you rather open a crypto prop-trading company in the UAE and pay this 9% (could be decreased to 7-8%) or open a company in Jersey and build a substance there and pay 0%? Which one will be more reliable in the future?
Covered something similar in a couple of videos: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yFeOra-MNb0.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-9L__bAsrLio.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-LTWJ2o7wy0Y.html
Can you take an example for say a panamanian or paraguay individual tax resident (company coukd be as well) with wyoming, new mexico ibc and UK llp. Non us cjtizen.. income, dividends and royalties. WITH merchant.. slow it down please!
Should do a video on crypto holders who want to move their crypto into a protected trust or LLC jurisdiction. No one talks about these options online. Maybe it’s not possible?
Hi Michael a very nice Video and good summarization of actual Status.It will be great if you could create a Video about a Trust. For me its quite complicated to trust a trustee. I know in Britain its quite common to use a trust. So what is your opinion aboutmTrust. Aah and & am still waiting on your commentvafter you leave Bulgaria (because of missing luxury). So I like Varna its very nice. Golden Strand its nit my case. So have a great time in Emirates Cu Leonardo
Thanks! Actually made multiple videos on trusts. You can check some of them out: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-92z1sHdWk_M.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-_eDvpzMig-E.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Dw_zZqkJpuY.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-xFPjt8qHg1M.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-DhDdxeCTh4Q.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-k1zGYl5oQHw.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-702is-4nxWg.html
thank you for your answer! if i have an LLC and also a non dom in Cyprus so technically i can combine the two and take dividends from the LLC to Cyprus? @@OffshoreCitizen
In terms of a definition of a tax havens, do you strictly refer to the registration jurisdiction of the enterprise or you refer also the the location of the bank account? For instance, if one owns a compani in Panama, and this company operates an account in Florida, Panama would not tax the company based on the fact that there is not real invoicing in the Panamanian territory and money flows abroad. USA would also not report the UBO country as USA is not part of CRS? Am I assuming correctly?
If I have a holding company in country A and this company owns shares of a company in country B, will there be some withholding tax when the holding company sells the shares of company B? Normally withholdings at source are applied to dividends, royalties and interest. In this case, is there any withholding in the country where company B is located? Or it only affects fiscally in Country A
It's not, it's tax free from an Estonian company if you are abroad (you might still be taxed wherever you live so it might only be a deferral structure, which in itself can be useful)
Depends on your personal circumstances. Each case is different, so we work in-depth with our clients to create solutions tailored to fit their situation best. Feel free to reach out in case you have any questions
@@OffshoreCitizen I did, couldn't get a straight answer, only a membership pitch - there's no way for a Canadian with Canadian ETFs/ Split funds to not pay the CRA legally - impossible !!