No, the UAE has 9% corporate tax now, on any kind of income.
There are some exceptions for certain activities (like construction of ships) in freezones, for companies with proper substance (employees, office, ...) - they would still pay 0%.
Alternatively, for the first 3 years, there's no tax if your revenue is below 800k.
The legal situation is still very much "in flux" since they just introduced this tax. I would strongly recommend you to stay away from the UAE.
There is no rule of law. They can change the rules any time and you have no recourse.
RAK offshore companies (IBCs) are worthless. For all I know, you would never ever get a bank account for such a company.
Then you would be better off with a Hong Kong company - at least it's still possible to get a bank account with some EMIs.
I see your points re. US LLCs. Then set up a Canadian LP, a UK LLP or a Hong Kong Ltd.
Then move to Thailand and be happy.
Only downside if you're a trader: No access to treaty benefits if you use such a company and aren't considered tax resident by Thailand.
See also this thread:
There are some exceptions for certain activities (like construction of ships) in freezones, for companies with proper substance (employees, office, ...) - they would still pay 0%.
Alternatively, for the first 3 years, there's no tax if your revenue is below 800k.
The legal situation is still very much "in flux" since they just introduced this tax. I would strongly recommend you to stay away from the UAE.
There is no rule of law. They can change the rules any time and you have no recourse.
RAK offshore companies (IBCs) are worthless. For all I know, you would never ever get a bank account for such a company.
Then you would be better off with a Hong Kong company - at least it's still possible to get a bank account with some EMIs.
I see your points re. US LLCs. Then set up a Canadian LP, a UK LLP or a Hong Kong Ltd.
Then move to Thailand and be happy.
Only downside if you're a trader: No access to treaty benefits if you use such a company and aren't considered tax resident by Thailand.
See also this thread:
Thai tax residency certificate without spending 180+ days in the country?
Is it possible to obtain a Thai tax residency certificate without spending 180+ days in the country, for example if you get a local job and pay some tax?
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