How to form an Offshore Company in UAE - Dubai? (ZERO Tax Jurisdiction)
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Today I'm in Dubai in the tallest hotel in the world, awarded by the Guinness World of records. So what is a better topic to talk about today than the one about setting up offshore UAE (Dubai) companies?
This is a very popular place for forming offshore companies, probably because it is one of the few clean zero tax jurisdictions.
What's involved in setting up a company in Dubai? How long does it take? How does it work to set up a residency in UAE?
The most popular type of company in Dubai is certainly a free zone company. With this type of company, you can easily get a local bank account, as well as a residency permit. This can be done quite easily.
In order to operate in the free zone, you'll need to have some sort of a local presence. You'll need to have an office or a Flexi desk which is a shared office space that you have access to.
This shared office will usually be included in the cost of forming a company, and the amenities that come with it are often great! You'll get a place where you can have meetings, filming space, print and copy machine, etc, etc.
After this part has been done, you'll need to obtain a license. This license will determine what are the substance requirements for your business.
The security check is also part of the process. If you have never visited UAE this will take a little more time. If you have visited UAE in the past you will need to scan your entry and exit stamp, and this security check will be much faster and smoother.
Next step is choosing potential names for your company. After this has been approved you're ready to be able to apply for a residency permit.
In order to be approved for a residency permit you will need to do a medical in UAE. After this, you will need to go through a stamping process and you'll get your residency card.
Forming a company in UAE will take around a week. The entire process of obtaining residency will take about a month more or less.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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Пікірлер: 243
Book a call with Michael: calendly.com/michael-rosmer?month=2021-03
You are going to make it big: people like you and you have good content !
@OffshoreCitizen
3 жыл бұрын
Thanks!
The hotel size bit in the beginning made me chuckle.
Minor correction, the medical takes two days only, you go for your medical one day, you get the result the following day. Its usually blood test and an Xray.
@venusreena2532
2 жыл бұрын
But what are they focused on?
@SGFan21
2 жыл бұрын
@@venusreena2532 They want to check if you have HIV but the X-ray I don't what's that for.
@MaxtonTechnology
Жыл бұрын
@@SGFan21X-Ray is to check for Tuberculosis.
Thanks man. You have a great and genuine way to present videos.
@OffshoreCitizen
2 жыл бұрын
That's the goal. Thank you! Are you looking to incorporate in Dubai?
@vigilante_stark
2 жыл бұрын
@@OffshoreCitizen Soon. Will contact you if I finalize my decision.
Dude I don't see value in every vid you do! However, I fcking love that you ship daily! It's hard to do value every day of course. But big ups for getting the posting done daily. Make ppl miss you when you don't ship! This one looks like a good one!
Rewatched this. Amazing vid
@OffshoreCitizen
2 жыл бұрын
Thanks! Anything else you'd like to see?
Very informative. Thank you Michael.
@OffshoreCitizen
3 жыл бұрын
You're welcome, always our pleasure! Anything else you'd like to see?
Great Video Thank you for sharing!
@OffshoreCitizen
Жыл бұрын
A pleasure. In case you ever need any assistance with this, feel free to reach out
Hi, thank you for the video!
Please try to add whole setup cost!
Could you open up a LLC in a Dubai free zone, put my girl and our baby on the residency visa to live in Dubai and never do any business through the LLC? Our plan would be to live in Dubai 6 months out of the year. What would the fees be like to do something like this through you and your contacts? Also are Dubai banks ok with receiving wires from crypto currency exchanges if you sustain yourself through crypto? I guess another option would be to buy a home or condo for 300k usd I guess? What do you charge to discuss options I am looking at future planning but not immediate.
@MichaelRosmer
3 жыл бұрын
Yes that is possible. Please send us a message through our website to discuss specifics
What are the business registration options for digital nomads, wwho are not interested in citizenship?
Very helpful. I plan to escape from Sweden's tax hell. This is great knowledge.
@OffshoreCitizen
9 ай бұрын
Happy to be of service! Feel free to reach out in case you'd need any assistance with that :)
Flexidesks, gonna look into that. Thanks.
@OffshoreCitizen
9 ай бұрын
A pleasure! Feel free to reach out in case you need any assistance
I already 02 times Arrival and Departure in UAE.
is offshore company same as Free zone companies ? I thought its different?
Awesome video! Could you please re-do this video with updated information? Like the recent developments with crypto licensing, binance, bybit moving etc. Also is there a way to trade cryptos, nfts and get a bank, residence permit emirates id, use that with exchanges on the freelancer visa? The freelancing work being 'trading'? What would be the cheapest setup be? Thanks!
@OffshoreCitizen
2 жыл бұрын
That's a good idea, thank you! Are you looking into incorporating here?
Great content ! 👏🏼👏🏼
@OffshoreCitizen
3 жыл бұрын
Thanks, glad you enjoyed it. Let us know if there’s anything else you’d like to see on this channel
@SkyEuphoria
2 жыл бұрын
about the costing
Hey big Boss I really appreciate if you can help me and answer my question! I am about to start a KZread Chanel in English and Arabic so if I have my KZread send my payments to a Dubai checking account that I will open will that help me not pay tax for that KZread Chanel to the IRS given the fact that I am only a permanent resident in the US. Thank you so much if you can answer that question.
How can i do offshore investments in uae
Thanks Indeed.
@OffshoreCitizen
2 жыл бұрын
A please. If you need help with the process, feel free to reach out
Great video! I have a question about Online businesses. What if I have an online business that sells subscription based information products only (no physical goods)? Is there any specific country I should look at for that model? Congrats on the subs btw, when I first found your channel you had less than 8K and now triple that :-)
@OffshoreCitizen
2 жыл бұрын
Thanks! To answer your question it depends on a bunch of things like where your customers are, where you're from, your team, etc. Best is to send us an email or book a call and we can discuss specifics.
Hi, is it possible to form an offshore company in a tax haven (low tax country), in a cheap way (few hundred bucks), without physical presence / address? thx
The problem with UAE company structure is that is totally different to Australia and UK.
I've seen a lot of reports online that banking with a flexi-desk company is nearly impossible recently. Most banks want a more substantial and permanent office space for any company that they take on for banking. Have you seen any of these problems recently?
@MichaelRosmer
3 жыл бұрын
It varies bank to bank and based on other factors but there are definitely banks that accept it.
Excluding your structuring and consulting, what is UAE free zone company cost and banking deposit amounts? Sounds like business banking in UAE is a pain in fanny.
@MichaelRosmer
3 жыл бұрын
Well business banking in much of the world is a pain these days. Cost depends on the free zone but typically by the time you pay all the related fees around $10k or so, can be less or more but that's a rough level.
What does that mean (1:00), "It's not so amazing if you're outside of here"??
Great video Thank you! Is there any limit for opening company in UAE? For example, Any limit for company that deals with pork related products, lingeries, etc?
@MichaelRosmer
3 жыл бұрын
There are some limits but they are pretty broad
@davelawson2564
3 жыл бұрын
As long as you are not importing pork to dubai/UAE , you are safe
you have mention that for money transaction Dubai is not the best choice. Is that correct? Does Ajman FZ has problem with money transfers and banking? Thank you for clarifying.
Can we get Holding company licence with a free zone company formation? Subsidiary's will be in other countries.
@OffshoreCitizen
10 ай бұрын
Please contact through our website, describing your situation a bit more detailed
Thank you for this great video just one question please when someone opens an offshore company in Dubai can he receive the tax exemption certificate from it or not and thank you
Hi, i have a question.we have business in sudan(africa) We want to setup offshore company in dubai freezone to receive fund from our sudan customers and pay to our foreign supplier. Is there any documentation we should maintain to show to any authority in uae. I mean maintenance of accounts compulsory or not.
'Nice' hair cut! Have you considered using a razor machine?
How can i make an invoice to export materials ( back to back trading) in offshore company ,, is there software or i do formula in excel?
could you speak on cryptocurrency and the uae thanks
@OffshoreCitizen
3 жыл бұрын
Will see what we can do! Thanks for the suggestion. Stay tuned 😄
Michel, Thanks for this nice content as always, can you give more information about the banking you mentioned that if you do not live in Dubai or you do not have residency you will not be able to have access for the local banking, so if opening a company there which banking a person can use for that company?? Thanks
@MichaelRosmer
3 жыл бұрын
Well ideally you use local banking but otherwise we usually use banks in Europe
@Mo-ct7oo
3 жыл бұрын
@@MichaelRosmer Thanks a lot Michael for your fast reply, but can you make one thing clear for me if you will use banks in Europe and all your transfer will be out from those banks what is the real benefit of registered a company in Dubai ?? because you will be obligated to pay taxes in Europe anyway, or am I missing something??
@MichaelRosmer
3 жыл бұрын
@@Mo-ct7oo taxes in almost all cases have nothing to do with where your bank accounts are located. The only reason we use accounts in UAE is because of stability
@Mo-ct7oo
3 жыл бұрын
@@MichaelRosmer Thanks a lot again for your reply :) yeah, I understand what you mean, but as you know the banking issues always the most difficult part, I am trying to open a bank account for my own company in the Netherland and I am still facing problems with that even I have Dutch nationality so I am not even a foreigner and the banks still give me a lot of headaches and a lot of forms to fill for money laundry issues, so I can not imagine how it will be to have a company in a place like Dubai which has not the perfect reputation when it comes to money laundering and has the bank account in Europe, so I just do not see how this is a feasible option.
@MichaelRosmer
3 жыл бұрын
@@Mo-ct7oo yeah it's terrible banks no longer facilitate business they impede it, makes you want to just transact all in crypto
And costs??
so many questions
You said they're not crypto currency friendly but Is the moon carl He has his own KZread channel and hes living in Dubai and hes been using crypto currency ever since hes been there and he says that they're tax free so can you really explain how they're able to do this if that's the case?
@MichaelRosmer
2 жыл бұрын
I know Carl. Yes, UAE is tax free. You can buy some real estate and vehicles with crypto in Dubai. What are not friendly are the banks. If you cash out crypto into a bank account there's a decent chance they'll close your account. What Carl and some others do are 1. But things with crypto rather than fiat for example he bought his cars with ETH not fiat 2. Cash out in other countries than transfer the money to UAE
@johnsambucini8981
2 жыл бұрын
@@MichaelRosmer I have question let's say my money goes up here in usa for crypto and I don't cash it out and I want to move to Dubai would I still have pay taxes in usa? And when they say tax free do they also mean that you don't have to pay property tax?
@MichaelRosmer
2 жыл бұрын
@@johnsambucini8981 if you're a US citizen you're taxable no matter where in the world you live. If you aren't then probably not or at least if you ceasing being a US person you won't be minus possible exit tax implications
Hello Michael, I have a BVI approved fund manager license looking to register as foreign fund manager in ADGM Abu Dhabi. Is it possible for me to open a bank account under my company in UAE?
What about doing business with eu? Are there any taxes included?
Hello this is very helpful. I am from India and running a software company. Is it beneficial to move to FZA in UAE ?
@Admin-po2qp
3 жыл бұрын
Thanks for Watching and commenting.. For More Crypto Knowledge and Profit making. D•M +• 1• 9• 3• 7• 7• 0• 6• 0• 2• 3• 7••
@davelawson2564
3 жыл бұрын
yes if you can pay the annual costs
@TkSebastian
3 жыл бұрын
@@davelawson2564 what are the annual cost for maintaining a company on average?
@davelawson2564
3 жыл бұрын
@@TkSebastian $25k plus
@TkSebastian
3 жыл бұрын
@@davelawson2564 25 k for annual cost ?? Damn ....
What's the maximum shareholders allowed when registering a corporation in Dubai?
Nice. !
Any suggestions on where to incorporate to reduce the youtube new tax withholding if I'm in a non treaty country with US (still territorial taxation).
@MichaelRosmer
3 жыл бұрын
Well you can't necessarily just register a company wherever and avoid withholding. It depends on anti treaty shopping rules etc. This being said there are some good tax treaties with the US that you can take advantage of if applicable.
@arthurkane1452
3 жыл бұрын
@@MichaelRosmer I see, but those solutions will involve moving to another country? Usually, how much % of tax is paid like this?
@MichaelRosmer
3 жыл бұрын
@@arthurkane1452 totally depends. You don't necessarily have to move it depends on the country, on the tax treaty, on the substance, management and control etc. As for tax savings that also depends. The best is probably to book a call and we can discuss it and go over the best solution for you. calendly.com/michael-rosmer/offshore-citizen-30-min?back=1&month=2021-03
Hi Michael, could you do a video breaking down the myriad zones you have to select between from which to form a company in UAE? Does selecting certain zones come with consequences such as more difficulty getting a company bank account because you formed in RAK for example? Because the price to form a company in UAE varies dramatically based on the zone you select -- but for someone not actually doing business in UAE -- and using the company for international business, the zone is irrelevant. So why doesn't everyone just form in RAK? Is it because it's harder to get a bank account or...? Is a flexidesk office address enough to show a bank there to open a company account? Or do you need to show banks a lease to indicate you are living in UAE nowadays to get your company bank account realistically in 2021? I've heard the banks there are under greatest scrutiny now for compliance issues lately and so the KYC and risk aversion has gone up massively at banks there lately. Lastly, do you mean the DTA (tax treaties) between UAE and Canada would make a canadian who left canada and lived in UAE STILL income tax resident in Canada instead of UAE? I guess that would make UAE useless for a canadian even if they relocated there?
@OffshoreCitizen
3 жыл бұрын
Yes there's definitely massive cost differences as well as ongoing compliance difference between some free zones. I'll have to create a video discussing differences. As for the tax treaty it doesn't mean you're tax resident it means you don't get treaty protection.
@thecontainerthecontents6889
3 жыл бұрын
@@OffshoreCitizen ok so as long as you don't live in canada nor receive any money from canada nor from business in canada... (basically have nothing whatsoever to do with canada anymore) UAE could work for a canadian living overseas right?
@MichaelRosmer
3 жыл бұрын
@@thecontainerthecontents6889 correct
@thecontainerthecontents6889
3 жыл бұрын
@@KnightlyHouse whys that? How would the zone exist if no one can get banks. Sounds like nonsense to me.
@MichaelRosmer
3 жыл бұрын
@@KnightlyHouse nonsense I just did a video on this the other day RAK companies are no different than others. We've done plenty of accounts for those companies lately.
Can I start a Web design business in UK, then move it to the UAE?
Hi Could you tell me how much it casts to setup UAE company and whole process.
@OffshoreCitizen
Жыл бұрын
Please reach out through our website and we'll be happy to provide all the details and assist through the process, if interested
No details of costs involved ans comparision with other zero tax jurisdictions or territorial tax countries.
@MichaelRosmer
3 жыл бұрын
Costs vary by free zone and what all costs you include. This being said UAE is more expensive than most jurisdictions, a typical package will cost around $9k on the lower end. It can cost less but can also cost a bunch more. Compared to other jurisdictions this is expensive but then again it's also much more simple to set up and maintain on a zero tax basis.
@bobo-uv9ls
3 жыл бұрын
@@MichaelRosmer ive seen a place called DLS Dubai being advertised a lot. 7k euros for set up and 4k euros for yearly fees? It sounds like there are yearly maintenance costs, how much does this cost typically for a person who obviously is cost conscious?
@OffshoreCitizen
3 жыл бұрын
Yeah that's about what you should expect. You can save money by paying 3 years in advance
@sshetty9683
3 жыл бұрын
@@OffshoreCitizen i also heard that some of sites advertising are fake. Is it true?
@davelawson2564
3 жыл бұрын
@@sshetty9683 its vague question
I would like to go ahead with this setup , I tried several companies that do formation but they are either very slow, or just care about they cut in the process and have no expertise in tax or legal advice for best option
@OffshoreCitizen
3 жыл бұрын
Feel free to send us a message offshorecitizen.net/ We'll be happy to assist
Hello I have been watching some of your videos a while and I would like to know if I’m going to trade stocks or Forex in UAE as individual will the freezone be suitable for me? Let me know please thanks
@OffshoreCitizen
Жыл бұрын
It should be but the best is to send us a message through www.offshorecitizen.net and we can go over your specific details
I’m a GCC citizen and allowed to live in the UAE but I can’t find anything as far as “ permanent residency “ for GCC citizens.
@MichaelRosmer
3 жыл бұрын
As far as I know they basically still don't really have permanent residency in UAE just long term renewable
i m not sure i understacorrect ( does this zero tax include renouncing the US citizenship! ) or how it works ? since supposedly U d still have report tax back to US for off shore business i believe since they track that! supposedly for all countries if i understand correct! , looking forward for your insights , thankj you
@OffshoreCitizen
2 жыл бұрын
The US always taxes you on your worldwide income based on your citizenship so Americans need to renounce to gain most of the benefits. People from other countries are good
@andrew-isac
2 жыл бұрын
Offshore Citizen aha ya thanks u for insights , the question was coming from a US backgrounds mainly ,ya
Good morning. Pls I have an online business and thinking of registering in Dubai. I would like to find out how many people within the company can get the residency visa and what their position within the company needs to be. Thank you
@OffshoreCitizen
2 жыл бұрын
Hi Tina, Please send a message through our website about the details of your situation and plan and we'll be happy to assist
I heard that Dubai can give 10 year visas to people with a Ph.D. in useful fields. Is there a way to tie that to a consulting company, and does a company need to make a minimum amount of money.
@Admin-po2qp
3 жыл бұрын
Thanks for Watching and commenting.. For More Crypto Knowledge and Profit making. D•M +• 1• 9• 3• 7• 7• 0• 6• 0• 2• 3• 7••
can we use peronsal bank account in free zone company instead of applying for business bank?
@OffshoreCitizen
2 жыл бұрын
Depends for what
Great video! I might use your service. Please make a video more about crypto trading licence, business account and opening business bank account in UAE. Planning to relocate.
@OffshoreCitizen
2 жыл бұрын
Great suggestion, thanks! When will you relocate? Feel free to reach out, looking forward to connecting with you☺
do you need a residential lease in UAE to show a bank to open a corporate bank account for a UAE company? i keep hearing different opinions on this.
@OffshoreCitizen
3 жыл бұрын
No not necessarily but for some banks yes
Would you do a video about costings
@OffshoreCitizen
2 жыл бұрын
It all depends on the structure you go for, but we'll see what we can do👍 Are you interested in opening one?
@SkyEuphoria
2 жыл бұрын
@@OffshoreCitizen yes
If I do Day Trading Forex for a living how can I make that into a business to move over?
@OffshoreCitizen
2 жыл бұрын
Best to contact us to discuss this
hi, I am An American Citizen who speaks English / Arabic and I would love to live in UAE and I got a couple grand do you think its possible ?
Where would be a good option for one who wants to open up a company and its business is related to crypto currency?
@OffshoreCitizen
2 жыл бұрын
There's no one size fits all. The optimal solution will vary depending on the details of your specific situation. It's probably best to reach out and we can work a strategy for you
hey i have an e commerce brand which work world wide and it has grown big that i need to pay taxes now a big amount 30 % of profit so i am thinking of registering my company in dubai so my query is that can i own 100 % of my company i sell world wide with the currency being dollar and i dont wanna pay tax so will i pay 0 tax in dubai pls reply
@freshlime7538
2 жыл бұрын
have u find a solution?
They will give you lots of credit and if you don't pay you can't leave until you do pay. You also can be sent to jail until your debts are settled. There are probably still Brits in jail there from the last frenzy
@crossroads670
3 жыл бұрын
Why would any reasonable entrepreneur be racking up debt and expecting to not pay it back?
I am a doctor and want to setup diagnostic center in Dubai. Can you help?
@OffshoreCitizen
Жыл бұрын
Probably please send us a message through www.offshorecitizen.net
Is it fair to say that getting residency and banking setup in Dubai, is lower cost and easier than doing the same in Singapore?
@MichaelRosmer
3 жыл бұрын
No, they are similar
@hopingforaces
3 жыл бұрын
@@MichaelRosmer I thought for Dubai residency could just require setting up a company for around $15,000. Whereas Singapore, excluding a million plus investment, the only way to get residency without being an employee is the EntrePass ( difficult to get)
@OffshoreCitizen
3 жыл бұрын
Ah sorry yes for the residency it's much harder in Singapore, was thinking about the company formation costs
if you want to live and work with your partner in dubai and you are not married, is it possible to start a company there? the law is strict for unmarried couples due to the family law
@MichaelRosmer
2 жыл бұрын
Yes that's fine. And they abolished restrictions on unmarried couples living together
can you change a business from america to dubia
@OffshoreCitizen
2 жыл бұрын
In theory it is possible but usually it wouldn't make sense to do it that way
@monkeytime8653
2 жыл бұрын
@@OffshoreCitizen what needs to be done
Great video! Wanted to know how many days a year does one need to be in UAE in order to setup and maintain a Freezone company and what is the costs involved?
@OffshoreCitizen
Жыл бұрын
Hi Dylan, best to reach out with your details and we'll be happy to respond to all your questions and assist with implementation
Beneficial Information..!
@OffshoreCitizen
2 жыл бұрын
Always happy to be of service☺ Are you interested in opening a company in Dubai?
@precisionrelaxation5080
2 жыл бұрын
@@OffshoreCitizen Yes
Hello Michael, Can you please advise how I can get in contact with you? I would appreciate your prompt response.
@OffshoreCitizen
2 жыл бұрын
You can send us a message through our websites, links are in the description
what banks you recommend for crypto?
@MichaelRosmer
3 жыл бұрын
Good question depends where in the world. If you can get it Silvergate it's good
@TruthBeliever
3 жыл бұрын
@@MichaelRosmer thank you
"How to form an offshore company", then proceed to talk only about non offshore companies. I don't get it
@Transatlas
2 жыл бұрын
Also most important question: do you pay a tax in your residency country if your offshore company in Dubai is having revenues
Weekesh ??????? 9:9 timing
@OffshoreCitizen
Жыл бұрын
?
How much consultancy Business will cost ??
@OffshoreCitizen
Жыл бұрын
Feel free to reach out and we'll be happy to share all the details
@firozshah5928
Жыл бұрын
@@OffshoreCitizen Whats is your Charges ?
Can you give an estimate of the total cost?
@OffshoreCitizen
Жыл бұрын
Please reach out through our website and we'll provide all the details
What's the cost of setting a up freezone company?
@OffshoreCitizen
2 жыл бұрын
You can send a message through one of our websites and we'll give you a quote, based on the details of your situation
Hey Micheal! huge fan:) Would you recommend getting an NFT market place activity license in Mainland Dubai? or any specific freezones? also Banking for crypto is still really hard here which foreign banks would you recommend?
I read somewhere that if you live in UAE then you can't open a Wise account. Is that true?
@MichaelRosmer
3 жыл бұрын
They don't support UAE right now no
@crossroads670
3 жыл бұрын
UAE is starting to open up to Fintechs. I know Stripe has a private Pilot program in the UAE so this is good news for the future.
@MichaelRosmer
3 жыл бұрын
@@crossroads670 yeah 100%
How hard is it to open a corp bank account? Do any banks do remote opening?
@MichaelRosmer
3 жыл бұрын
No remote opening. It's definitely a slow process and hit and miss.
@michaelgreen8525
3 жыл бұрын
@@MichaelRosmer Thanks Michael as I could not find one and was wasting time running around like a headless chicken.
What about for forex traders?
@OffshoreCitizen
Жыл бұрын
If you're moving there sure, best to reach out to us to discuss your specific situation though
hello can I have a offshore company in dubai and other countries whilst I live in the uk
@OffshoreCitizen
2 жыл бұрын
Ok, good chance you're probably taxable then unless the substance matches
@mqaum1844
2 жыл бұрын
@@OffshoreCitizen what do you mean by substance matches.
Dubai is NOT an offshore location! Offshore companies can't open a bank account.
@OffshoreCitizen
Жыл бұрын
Anything is offshore to a place that it's not based in
Hi! We are start up … I am interested in opening offshore company in uae .. I just want tax I’d numb so I can able online payment on our website. Please inform if you can help
@haithamyoussef2292
2 жыл бұрын
I need Business license
@OffshoreCitizen
2 жыл бұрын
Hi Haitham, we do assist our clients set up companies in Dubai, as well as obtain residency. It's probably best to send a message through our website offshorecitizen.net/ and explain your situation, plans, ang goals. We'll share all the needed information with you
If the rich aren't paying tax like the rest of us how do governments pay for education, health care, social care road repairs, the police, army etc. All the worlds problems would be over if the greedy rich paid fair tax, 32 Trillion sat in offshore accounts while millions die due to poverty. A billionaire is a sign of a failed society.excessive greed is evil.
@OffshoreCitizen
Жыл бұрын
This narrative is based on a complete misunderstanding of how the system and incentives work, how is it that Singapore is better than places like the US in pretty much every measure and yet taxes are MUCH lower. Review these arguments on the subject kzread.info/dash/bejne/f2iVp8WceMnPnps.html kzread.info/dash/bejne/oIF5udysiZq9iqw.html
Do you mean I cant have local banking if I set up offshore uae company ?
@MichaelRosmer
3 жыл бұрын
No, where did you get that idea?
@billmane226
3 жыл бұрын
@@MichaelRosmer I am just thinking if offshore uae company can get a local banking then what is the point to set up a company in tax free region?
@MichaelRosmer
3 жыл бұрын
@@billmane226 banking has nothing to do with taxes in almost all cases. Also forming a company in a zero tax country doesn't mean you'll pay zero tax. You need to view each of those things separately.
@Yameen200
3 жыл бұрын
@@MichaelRosmer Whats the point in forming a company in a zero tax country if you still have to pay tax to your country or to the tax haven country. Seems counter productive.
@MichaelRosmer
3 жыл бұрын
@@Yameen200 you might not pay taxes it really depends. Tax planning is complex if it was so easy as forming a company in a zero-tax country and paying no tax everyone would do it and the tax departments would be out of business. This is why I've got this channel to go over the intricacies and nuances of how it works country by country. Structured properly it's entirely possible you could potentially pay zero tax at the corporate level, sometimes even at the personal level, though that is much more complicated but proper structuring is hyper important.
Total cost?
@MichaelRosmer
3 жыл бұрын
Totally depends on what all you're including, the area, etc. but usually around $10k all inclusive, could be a bit less, could be slightly more depending on visas, bank accounts, company activity, etc.
Where can I connect with you?
@OffshoreCitizen
3 жыл бұрын
Check out our websites www.offshorecapitalist.com or www.offshorecitizen.net you can send us a, message through either of those.
With free zone company, what is the personal and corporation taxes for all profits in the company year to year?
@MichaelRosmer
3 жыл бұрын
UAE is a pure zero tax jurisdiction. But that doesn't mean you're not taxable if you don't live there. Your country of residence matters a lot
@dr.winner2516
3 жыл бұрын
@@MichaelRosmer Not zero tax for oil or banking sector companies and not for GCC citizens though
@MichaelRosmer
3 жыл бұрын
@@dr.winner2516 oil companies and foreign banks yes. GCC citizens don't pay tax but cab be subject to social contributions on salaries.
@dr.winner2516
3 жыл бұрын
@@MichaelRosmer In my opinion social contributions do count as a tax
@MichaelRosmer
3 жыл бұрын
@@dr.winner2516 fair enough but they are only on salaries
2022: why are your websites not working?
You lot need to watch Gary economics on you tube you might learn some empathy and kindness
@OffshoreCitizen
Жыл бұрын
What makes you think I don't have far more empathy and kindness than he does?
💙💙
I am very interested .can someone assist me please and thank you
@OffshoreCitizen
Жыл бұрын
Of course, can you please send us a message through www.offshorecitizen.net?
It's a Muslim Country and what about rule of law ? I'd be more than just a bit concerned about these two things.
@OffshoreCitizen
Жыл бұрын
Visit you'll discover it's actually very good
@robertnicholson1409
Жыл бұрын
@@OffshoreCitizen that's not an answer.
@OffshoreCitizen
Жыл бұрын
Islam affects you about as much in Dubai as Christianity does in the southern US Rule of law is generally actually quite good, better than most other parts of the world
@robertnicholson1409
Жыл бұрын
@@OffshoreCitizen comparing the US with this place is ridiculous and they don't have rule of law, that's an Anglo-Saxon thing. Just because it looks good ? Don't be fooled one day when it suits them the Mohammeds will take it off you.
@OffshoreCitizen
Жыл бұрын
How much time have you spent there?
You talk far to fast slow down..at times
@OffshoreCitizen
2 жыл бұрын
You can slow down the KZread video in the settings if that helps
Seems to me like you have some negative feelings about Dubai,you have just told us that Dubai people are lying that the building you are in is the tallest hotel in the world,if you hate Dubai that much why don't you go somewhere else? Were you forced to come there? You actually want to make money by doing business in Dubai but you can't hide your resentment, God have mercy on you.
@OffshoreCitizen
Жыл бұрын
What are you talking about? lol
UAE are crypto currency friendly, check out for crypto currency information by wealthy expat on you tube please. Please tell the viewers the right information.
@OffshoreCitizen
Жыл бұрын
Banks are absolutely NOT crypto friendly, you can try yourself and see how that goes
This guy always spits poison criticizing UAE or Dubai then hide behind it as a normal remark only…he keeps talking nonstop and one can not learn anything from these videos !