1 Month for everything.
You get company incorporated .. VISA .. all that in approx 1 month
Due to covid , this may be longer now.
I got all this done in 1 month time.
Full Disclosure : THIS IS NOT MY FIRST HAND EXPERIENCE.
Information about Ajman freezone helping for free is something I know this from a fellow Indian who went through this process on his own.
My experience : I went through a consulting firm who charged me (and keeps charging me for silly...
I incorporated in UAQ Freezone.
Ajman freezone is also low cost.
Mistake I did was, I used an agency.
agencies charge too much fee.
If we just call up ajman freezone they will do all this for free.(might be slow)
With this incorporation we will get access to UAE residence visa as well.
MANNN! I Million thanks.
This post was an eye opener.
I can totally see myself making a setup like this.
Cost of FZE setup is not 10k. it's approx 5k
I have it setup already.
I already have UAE residency and FZE company.
India Govt. requires to have proof that I lived in UAE for 240 days to let me off their hook.
Why do you think UAE won't report my income to India? They have signed the CRS agreement.
India is also part of CRS.
UAE has very close ties with...
Dubai Freezone company renewal is approx $4k USD a year.
Serves me no purpose as U.A.E. govt. reports my income back to India.
India govt. just updated tax laws stating that I have to stay abroad for approx 240 days to be a non resident.
I am seeing 0 benefits renewing the FZE company. (unless I...
Indian govt. Knowing about my LLC isn't going to harm.
But does USA transfer my bank activity to India is the real question.
I am unable to PM. new member here. I have to wait i guess
Okay , with employees in USA this wont work.
I got this pdf from a website some time ago.
Explains the process.
I have 0 employees in US and plans to maintain it that way. So thats my plan till I exit India.
Hope you find solution for your issue soon too.
All the best brother.
No
Unless you have economic substance in usa, that won't be taxed. (That's what I understood)
Do you have employees or offices in usa? if no then there is no tax payable in usa.
Have you considered opening USA LLC and bank account as USA don't report back earnings to India?
thinking that might be a temporary solution till I get a Vanuatu or carribean citizenship
Wow. Finally I found another Indian who face the same s**t I face.
I have a UAE Freezone company and was living in SE Asia.
Now with the new laws by modi govt. I am f***d.
Looking at finding alternate solutions for tax free life.
Did you resolve your issue brother?
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.