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Recent content by Don

  1. Don

    Does the new UAE tax apply for RAKICC offshore companies?

    Depending on the activities the income might be tax free, but regardless CIT registration is mandatory for all UAE companies.
  2. Don

    Supporting the fight for freedom and privacy

    Supporting someone's fight for freedom and privacy through anonymous funding can be fraught with challenges and potential backlashes for the funder. While the intention may be noble, anonymity in legal proceedings can raise suspicions and even lead to legal repercussions for all parties...
  3. Don

    Buying a house with $300K: Where and why?

    Same with South Korea: Foreign residents who have stayed in Korea for five years or less during the last ten-year period are taxed on Korea-source income, and foreign-source income is reportable only in the case where foreign-source income is paid by a Korean entity or transferred to Korea.
  4. Don

    Where to incorporate company for loan agreement?

    It should reflect the market conditions.
  5. Don

    Fastest remote EU company formation for non resident

    This is similar in most countries. In most cases when you are incorporating remotely what takes time is organizing apostilled/notarized/translated documents. Also getting a VAT number takes months in some jurisdictions.
  6. Don

    Dubai Corporate Tax

    Foreign companies and other juridical persons may be treated as resident persons for CT purposes where they are effectively managed and controlled in the UAE.
  7. Don

    Dubai is dead, any alternative to the free zone 9% tax?

    https://nafis.gov.ae/emirati-salary-support-scheme
  8. Don

    WANT TO BUY Old Hungarian companies or other European companies

    Lebanese Offshore companies are exempt from CIT and from the WHT on dividends and are instead subject to a lump-sum annual tax of LBP 50 million (~500 EUR). Contracts related to offshore activities outside Lebanon are exempt from Lebanese stamp duty.
  9. Don

    Cyprus company formation question

    For example, you could operate as a branch office of a foreign company in Cyprus. Assuming you don't qualify as a tax resident in Cyprus but are a tax resident somewhere else, you could save tax this way. Norway and the Netherlands do not seem like the most optimal countries for this purpose...
  10. Don

    Does the new UAE tax apply for RAKICC offshore companies?

    Official guidance doesn't look like this, but certain types of income might be exempt. Companies and other juridical persons that are incorporated or otherwise formed or recognised under the laws of the UAE will automatically be considered a Resident Person for Corporate Tax purposes. Who is...
  11. Don

    Easy territorial or zero tax residency without presence requirements

    +2.65% social tax Where are you getting this from? As far as I know from CRS, an individual entrepreneur account is equal to an individual account, and: Any individual that opens an account needs to provide a self-certification which establishes where the individual is resident for tax...
  12. Don

    EU Users in Shock: OKX Exchange Drops Tether's USDT - What now?

    Ok, debt, I can get it, but cannon fodder in a war with Russia? I guess if you stay in a non-NATO country, this is not applicable (e.g., in EU: Austria, Cyprus, Ireland, and Malta). Cyprus is like a tiny Russia; I don't see them going against the big one. Ironically, Austrias citizenship by...
  13. Don

    Fastest remote EU company formation for non resident

    Indeed incorporating with an Estonian e-residency is fast, but getting the e-residency can take two months. However, suppose you establish a company with a local director without needing to appoint a non-resident board member and only need the shares to be transferred to you or your company...
  14. Don

    10M.+ optimization tax residency when you have 3/4 bases.

    No, but as in UAE, Emaar and Damac are also in Qatar
  15. Don

    10M.+ optimization tax residency when you have 3/4 bases.

    https://taxsummaries.pwc.com/qatar/individual/residence https://www.qfc.qa/en/resource-centre/double-taxation-agreements https://www.qfc.qa/en/resource-centre#doccat=033f062c704f4fe4a49f38555f212277