Recent content by Candoit

True, never thought about these legitimate purposes before

Cater Allen

My question is who in 2022 will ever consider these types of jurisdictions for structuring and offshore banking? I mean the difficulties of opening and operating bank accouts, bad press, AEOI, having to go in person, CRS, FATCA, bullying from the EU, substance, etc, etc?

Why the hell would anyone think CRS will not be forcefully implemented in all jurisdictions in the next 5yrs?? Banana republics and developing countries will obviously get bullied and put on grey/black risks. Not worth the hassle. Your local tax authority in 2027 will then ask you to show the...

My opinion and foresight: The EU fears UAE as taking too much Euros capital flight as it keeps raising taxes to death due to aging and deficits. So if I look ahead 5-10 I think they would have tamed UAE to take them off the FATCA grey list and no hideouts (eg persuading UAE to have 15% Corp...

Not looking good as a jurisdiction. The banks are profit focused so unless I leave money sat idolly there they are going to be charge massive fees - can I trust them to keep me in a couple of years? EU will continue to pick on UAE as that's where they are losing most tax euros to

You don't need to register for UK vat if your turnover is under 85k

So Lux is going to be the biggest loser, they will be back to milking cows

Just Indian propaganda about their 2nd favourite neighbours

This totalitarian government is making it out as if they're doing you a favor, it's just the beginning of the end game. ..HMRC’s VAT change is just the first step in the move towards the full digitisation of tax in the UK. The government plans to widen the legislation to all other business...

Ok I see. However the gov website says tell your council website too when you move abroad. By staying on the electoral roll, council tax register, GP it indicates your 'centre of vital interests' remain in the UK, so you are more likely to be deemed UK tax resident. Perhaps its a good thing from...

Hi I'm struggling to find a UAE bank for my new UAE foundation-only structure - I've been told they want 500k balances retained in them all the time - can anyone recommend from experience ones that will accept a 5k or even 25k USD balance? To clarify I will be non-UAE resident but hope to be...

Hi Steve, should one tell HMR or not when moving abroad? Better to stay under the radar as there are no financial penalties?

Yes I still can't figure out why people use a costly Foundation+IBC, instead of simply Foundation with its Bank account only - can someone please list the benefits?

Hi Fred, independently come to a similar setup solution as you but in my structure it's the RAK foundation that will own the sharedealing account with the agent being the 2 resident Councillors but delegating the online banking and sharedealing to me. It avoids doubling the costs and hassle of...