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Recent content by Businessguy32

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    Tax residency for digital nomad

    No need to sell his house if it is fully rented and the tax is fully paid on the rental income. Only liability there is if it is vacant for certain periods
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    Relocating to Cyprus - OECD’s Principal Purpose Test

    Is your primary purpose for moving to Cyprus to claim the benefits of the Treaty? Yes that is the only purpose to relocate to Cyprus. I dont need a company and all that substance and nonsense. i can just get a personal dividend and relax. After living abroad for years, everywhere is basically...
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    Relocating to Cyprus - OECD’s Principal Purpose Test

    i will receive a dividend from my home country with zero witholding tax in my home country, as per the tax treaty with Cyprus
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    Relocating to Cyprus - OECD’s Principal Purpose Test

    Hi if i go to live in Cyprus next year and my only income is dividend income from a european country. I will not have a job in Cyprus. If i stay there for 183 days is there a risk that i will fail the principle purpose test
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    Please Help! UAE Activity That Can Own Real Estate In Europe

    rent will pass 375k so better to stay with a freezone company where the tax will be zero on any amount
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    Please Help! UAE Activity That Can Own Real Estate In Europe

    It turns out any offshore/freezone company can own foreign real estate and receive rents. Any onshore company too. You only really need license types for real estate within the UAE really. rather that speaking to tax advisors, I spoke to the authorities in the DED and in two different freezones...
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    Dividend Cash-Out (Cyprus or UAE)?

    Thanks four your reply. i have checked the double tax treaties that most of the european countries have with Cyprus and most are the same conditions. The Cyprus tax treaties are quite old, usually agreed decades ago and do not define a resident as being there for 183 days. it simply says "if a...
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    Dividend Cash-Out (Cyprus or UAE)?

    Hi brother, I just read you post on one the the threads which is copied below about Cyprus "A tax residency certificate might be asked for by tax authorities in some countries where you have ties. Cypriot tax residency certificate issued under 60 days rule is not valid internationally. Only the...
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    Please Help! UAE Activity That Can Own Real Estate In Europe

    Yes that is true. However if you examine what is gradually happening in the world in the last few years you will see a big shift towards substance. When I came to Dubai originally I had any number of banks to choose from that would open a bank account for an offshore company (Not just freezone...
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    Please Help! UAE Activity That Can Own Real Estate In Europe

    Asset protection and a lower tax rate. Flat rate of 25% if a foreign company owns the real estate. If a person owns it it is full tax even though they are a non resident landlord. That can amount to as high as 52% instead of 25% so quite a substantial difference
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    Please Help! UAE Activity That Can Own Real Estate In Europe

    I am resident in Dubai for 10 years now. I want to set up a company that can own European real estate and I am having problems with this. I am trying to find the cheapest and most efficient way to do this but it is proving very difficult so I guess I am missing something. DIFC and ADGM...
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    Do Mainland company in Dubai has same problem of opening bank account as free zone company ?

    Mainland holding companies are exempt from the new uae corporate tax on dividends from foreign subsidiaries.