Recent content by funk

All Indians coming here and planning to evade taxes using UAE company as a vehicle should note the following: 1) India - UAE share extremely good relationship especially under Modi regime. 2) AEOI status of UAE...

There is nothing outdated about this advice. Offshore is legally not allowed to have business in UAE so question of economic substance does not arise. Also link from the Ministry of Finance, UAE Govt which clearly states "The Regulations require UAE onshore and free zone companies and other...

https://en.wikipedia.org/wiki/International_taxation Did a quick read on wiki (Wiki is not a trusted source) It says that Philippines has Residence-based taxation of citizens, territorial taxation of foreigners. If I were you I would not be bothered about anything. Not about taxes as your...

Since you have formed a RAKICC offshore company there is no burden of economic substance requirement on you. Offshore company means that the company has no business in UAE. Also, therefore you can't avail any double taxation benefits with countries UAE has signed treaty with. If you form an...

I agree with @Cetme308win Wyoming LLC in US suits your purpose best and is the cheapest. Also your 5472 would go nill as there won't be any transactions. It's gonna cost you 150USD to form and 50USD thereafter.

Intention is to get it ranked on google so that epayments might come to know about this and to force them to come here and address issues users are facing regarding application rejection. Lots of threads on this forum are very highly ranked on google.

Making an accusation on a company of being a honeypot without evidence of data being stolen or misused is completely wrong. You got rejected and in your frustration you started this thread. In your view your organization is legal and clean but at the same time EMI or bank can have any reason...

Currently company account for VCC dubai seems impossible. Just had a word with someone I know at CBD bank and he said that they are not even opening bank accounts for freezones so VCC company accounts are impossible with their bank. My opinion: Dubai banks are not interested in working with...

It totally depends on your country of business. Be prepared for audits and scrutiny as per the satisfaction of tax man. Also, look at if you are not breaking any AML regulations because payment via btc has some level of anonymity attached to it. Tax man would also look into the company you made...

If you are designing IP using your client's resources then IP belongs to your client. If you are developing IP on your own time and using your own resources and there is no conflict of interest with the client then IP belongs to you. Also, do see the agreement between you and the client. Does...

This thread is already ranking number 1 for term "Eqibank Scam" and I guess that's the reason representative is here to somehow persuade people who land on this thread to believe Eqibank. @eqicustomercare I am still waiting for your reply on questions asked before. 1) How do you ensure that...

Yes you got it somewhat right. Your information will not be on a public register and will be private from the public eye. You won't have to pay any taxes in USA but instead all the profits will pass on to you and your country of residence where ultimately your taxes will be paid.

Any accountant in USA will be able to help you with 5472. It's not very tough and can be done yourself as well. You have to report all transaction between yourself and the llc you form. Like a P&L statement. I personally don't know of any accountant and you can search for them on the google...

I agree with Martin that this bank reeks of scam and fraud. There have been instances of failed banks who blocked customers account and ate their money. People could do nothing about it. Seriously your product likes the same product in new packaging with US & UK team running the show. BTW...

Yes all the above is for foreign person only and not US citizen or US resident. Getting EIN (tax id) is not a matter of choice it's a must now because you need to file 5472 + 1020. You will also need EIN if you need to get any bank accounts for your llc. Also, don't expect any privacy from IRS...