I didn't.
However, on one of the accounts I had a credit card with excess capital on it which they weren't a fan of. Was a one time thing though and got no warning about it.
Shouldn't this depend on what's written in the specific tax treaty, though?
1. For the purposes of this Agreement, the term "resident of a Contracting State" means:
a) in the case of Georgia:
any person who, under the laws of that State, is liable to tax therein by reason of his domicile...
Can confirm.
Had three accounts closed earlier this year (two personal ones in two different jurisdictions and a business account). No explanations given, impossible to deal with or get an answer.
With interest rates high and real estate prices high in the UAE, it makes more and more sense to get the golden visa by depositing 2M AED into a 2 year fixed-term savings account or similar to qualify for the Golden Visa.
Gulf News recently published an article about that: UAE Golden Visa...
That's an interesting "bonus".
I was thinking another US LLC could work for this too but I'm not sure where the PE would be. I don't want it to be where I'm residing, as the sole owner and I don't want it to be in the US. One pro with the US LLC though is that it wouldn't show my name in a...
Question: What would be the ideal way to set up a business to create PE outside of the country you live in?
Requirements:
Cheap/Easy to manage
No VAT on imported and exported services
No tax on salaries paid to non-residents
The actual corporate tax rate doesn't matter as the goal of this...
What's the actual definition of "managed" in this legal sense?
I mean, can you be the manager but when you're in the UAE, you're actually not doing any active work through the LLC?
Alternatively, if your LLC needs management etc, can't the UAE CO manage it? Then obviously make sure you stay...
Couldn't one just operate the US LLC as a passive entity and the UAE company as the active part of the business?
It might not work for everything, but let's say you operate a info business, selling courses.
The US LLC sells the courses and owns the IP but has no operations. Instead the UAE...
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