Recent content by BasedOperative

Really? I had no idea that was the case. That may not be worth the hassle then, since CIT would be 12.5% in Cyprus anyway (soon to be 15%). Maybe it would keep me off the EU VAT system which is nice. In that case, UAE would still top the rest of the options despite the setup costs. Payment...

Got it, thanks for the input. I’d rather stay away from Seychelles since I need payment processors for my biz. HK is a great option and maybe even cheaper than UAE, but it would probably be harder to build substance in HK (since I must not have any there, to access the foreign income...

You’re outside of the scope of EU VAT for B2C services/consulting if the place where the supplier of the service is located is outside of the EU. This is way different if you sell physical or digital products that are delivered automatically. In that case you have to apply the VAT rate of the...

Got it, thanks for the clarification. I run my company solo (+ occasional independent contractors, none of which are based in cyprus). A small office room in the UAE would be cheap, so I might do that just to be sure. What other companies aside from a UAE FZ would you say would work for this...

Sounds good, man. Thanks Totally agree with what you said. I feel like Cyprus implemented CFC/POEM rules just to make the EU happy, but they have almost no interest in actually implementing them. The CFC exemption (for companies making less than 750k€ profit) seems to prove it. In Cyprus they...

He used to dodge VAT by creating invoices for fake yacht charters that never even took place. They’re still after him for a few tens of millions I believe, lol. Hurts to say, but my operations are nowhere near that.

I’m aware that due to CRS this would be barely of use nowdays. I’d still do it to avoid making more noise than what’s necessary. That’s the goal. I want to understand how this can be done without “taking it too far”. I want to be clear that this would be a totally artificial substance setup...

Hi guys, thoughts on this setup? A Cyprus non-dom resident owns a UAE company with a UAE office. You work remotely from Cyprus but: - Have no Cyprus clients. - Keep funds in non-EU bank accounts (or even just leaving them in the UAE company). - Don’t remit huge amounts of money into Cyprus...