Recent content by Helkins

There is some although it's very hard to come by. Thesedays majority of the people are so brainwashed by the state and scared of consequances that they sacrifice their own values. I wanted to check what they're teaching these days at the university so I signed up to a LLM at a UK uni with a...

If you have a lawyer with morals and that abides by such rules you should drop him immedietaly. Sidenote - I'm afraid of gen z becoming lawyers. As a lawyer myself, would rather lose my right to practice than testifhy against a client. Client = family, small circle and everything stays in. Any...

I have fat binders of papers related to this prepared by EY and PWC, working closely with Meydan and HFZ authorities. Sure, avoiding CT is harder but definitely doable with the correct set-up, work and operations planning.

You qualify for the exemption as long as you don't do any business with mainland companies or natural persons. If you only use UAE FZ as a way to optimize foreign income and meet the requirements, there is nothing to worry about, consult your advisor to make the set-up air tight.

Been in Dubai 6 years, work in legal, had a meeting with EY and Clyde & Co early July about it. I stand firm about my statement.

For the love of god guys. Operating a UAE FZ LLC is still going to be tax-free if you know how to use it. 9% CIT doesn't apply on profits of a FZ entity that doesn't do any business with UAE mainland. If your business operates only abroad or within a freezone then your profits are still...

UAE Freezone companies are still exempt from CIT if they don't do transactions with mainland businesses. If you own FZ LLC, meet the substance rules, and invoice only clients within your freezone, between your and other freezones or abroad then your profits are still exempt from 9% CIT. Once...

TG @Helkins

Your best bet is income shifting to another mid-tax and then low-tax jurisdiction such as UAE over a period of time. Drain your cash on invoices coming from multiple companies for consulting, investment, research, trade, IT services etc. (or whatver is the line of work of your company) and over...

Problem is that flexidesk doesn't cut it these days and it's almost impossible to open any bank account with it. IMO all things considered banks in the UAE are crap and even EMIs are better. If you haven't heard from them, it means you probably never will. PayPal won't work for you and I...

I phrased that out wrong, my source of profits was from Poland, I'd relay the funds to Estonia and then transfer them out to UAE. I've done same with Poland - Czechia - Malta, Germany - Estonia - UAE etc. Making complex stuff on paper is what I like doing hence I always involve way more...

I don't think you'll face issues with legality but make sure all is in order when it comes to your documents and that all of the crypto transfers check out in case of an audit, also make sure you bank is fine with you making crypto investments and getting the money from POS because they can drop...

I thought you're involved in some shady stuff thus crypto solutions. Well, you can use any of the solutions I've mentioned above knowing their risks etc. or in all honestly with your type of business you can just shift profits normally claiming expansion to the MEA region in the same industry...

I disagree with Fred on that one, Dubai banks can absolutely freeze your accounts if something doesn't add up or if you fail and somehow allow them to see it's coming from crypto or some illegal source. They'll ask you a number of questions and require documents so you prove the money is all...

I mean sure it does but they won't discover it immediately and if you have all the valid reasons and proofs then it's viable option. Your company can do all sorts of investments as long as they're legal and could potentially bring your company profit. When evading taxes you gotta make the...