Recent content by coollemur

If you plan to leave eventually, and like most people, you plan to make more money instead of less, then paying the exit tax sooner rather than later will probably be in your best interest. It will only get worse. Puerto Rico will give you the most benefits, if you actually want to live there...

The new user part may be less devious than you think. Two reasons: 1. There are a lot of privacy concerns in this industry. They may not want to be associated with a provider based on other things they’ve posted elsewhere, combined with mentioning a provider who obviously has their data. 2...

For citizenship, Ireland. For tax residency, UAE. Both are environments where English is the main language. Ireland is the English speaking country that offers a pathway to citizenship yet doesn’t tax you to pieces. You won’t get citizenship in any of the countries listed if you’re not living...

UAE is well connected to the global network. Network Solutions is the local partner for Stripe. Never had any (significant) issues paying with a foreign card in UAE or using a UAE card abroad. Emirates NBD cards have some issues in parts of Africa, so I’d imagine the reverse is also true. (FAB...

Stripe works fine in Dubai with UAE entity. Payouts are slower and fees a bit higher. No deal-breaker though. If you’re worried about an extra 1% or so, maybe just increase your prices. US LLC works well for Stripe also but funds will go to the US and you’re stuck transferring them. Unless...

Look at Payfort in the UAE - owned by Amazon. PayPal is always an option though I don’t particularly like them. Or a gateway with a UAE bank. Of course, another option is reaching out to Stripe, apologizing for your past “transgressions” and asking them to reconsider your new business. I got...

My apologies for the confusion on that. I meant “branch” in a more colloquial sense. Basically just two legal entities - don’t need to be connected, or may be connected, depending on what makes sense. Same owners either way.

Yeah. Basically running the branch in the US and also involved in UK side. From an ownership perspective, we’re not sure yet if one branch should own the other, and we own the branch. Or if we should own the branches independently (making them independent companies instead of branches).

Based on shareholding of the US person or the total entity? By default, I think we’ll pay on total US income, which is what I’m trying to avoid. And I guess it’s the same thing for UK side. There would probably be some US liability even in the UK - not even about being US person but purely on...

Hi Working on a new venture here and bringing on a partner, who is a “US person”. Two branches - one US, one UK. One shareholder based in Dubai and another in Texas. Possibly a third based elsewhere depending on our negotiations, but got a few concerns specifically about having someone in US...

Of course. I was just adding that it might change, but right now it definitely works. In my case, I don’t particularly care about this as I don’t often need to bank cash.

This preference might change in the future though. My bank contacted me and said I have 25k AED left on my deposit limit, so I asked them if that’s per day, or per month or whatever, and they said it’s until they decide to give me more. Banks are trying to get people to use less cash.

Yeah. This is what I meant by negotiate. 1 year cash is an easy way. I’ve had my share of “signature mismatch” arguments with banks.

I agree. It’s just that if you take some things as you see, it doesn’t make sense. It’s natural to come to Dubai thinking things work somewhat similar to where you’re from, but then it’s completely different. Naturally, you can negotiate for a rental and then it depends on whatever you agree...

Your agency should be able to help with the bank account. Many ways to prove address without a contract. Landlords want to be paid by check in the UAE.