Situation -
Passive investment bank account in Switzerland (Corporate, Seychelles);
UBO has 10 years UAE Gold Visa;
Has own apartment in UAE (more than AED 2m price);
Visits UAE zero times a year;
At bank on file has UAE residency;
Spends most of his time in Georgia, EU, Thailand;
Pays zero taxes.
Question -
Does this actually work?
UAE laws (please carefully read and mind word ANY):
Passive investment bank account in Switzerland (Corporate, Seychelles);
UBO has 10 years UAE Gold Visa;
Has own apartment in UAE (more than AED 2m price);
Visits UAE zero times a year;
At bank on file has UAE residency;
Spends most of his time in Georgia, EU, Thailand;
Pays zero taxes.
Question -
Does this actually work?
UAE laws (please carefully read and mind word ANY):