Recent content by jazzybell

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Congratulations! I would like to open account in Arival for investment in crypto and stocks at IBKR. I don't want to be rejected at once just by mentioning crypto and stock in my application. do you know is it ok to mention crypto and stocks investments, as a purpose? or is it a way to get a...

I would like to open account in Arival for investment in crypto. Does anyone know is it ok to mention crypto and stocks investments, as a purpose ? or is it better not to mention crypto, stocks at all?

Looking for recommendations for non-KYC OTC in Dubai, crypto -> cash, 5 figures any recommendations?

Does anybody know any options to figure out with your bank if they treat you as a reportable / non-reportable person? Did anyone have a successful experience when your bank provided you with this info? Especially if you have such experience in UAE

Because if you operate as US entity and would like to put your payment to expenses then, service provider have to file W8 - for non-residents or W9 for US residents. So, as UAE resident you will file W8

When you work with a US client, the client will ask you to file a W8 form and once you put their UAE, this means the US client should withhold 30% of the payment amount to you, that's the US client's obligation. of course, there is a case when the client doesn't hold it and it could be a case...

B2B payments from US companies for IT software development. So, if I got everything right if there is FZCO in the structure = WHT 30% should be paid. Any other suggestions, e.g. Cyprus, where should I look at? As I can see DTT was signed by the US only with Cyprus and Malta as low-tax...

I'm just wondering, can you share more details about how Canadian Extra Provincial Corporation should be set up, as a holding company owned by FZCO? If you are dealing with US clients as Canadian inc and effective management is in UAE, I suppose IRS can count you as UAE based and apply 30% WHT...

Could you clarify, are you talking about US citizens or residents who is trying to avoid paying taxes in the US? Or about non-citizens as well? Do you mean if you do B2B business and US LLC client send you a payment e.g. for marketing service to FZCO it's not deductible expense for US LLC...

Do you think it's possible? If you pass taxes to Ukraine, I suppose you have to pay Dividend tax or effective corporate tax which is 18% instead of PE 5%. Lately, CFС was announced and this year companies starting to report. If there is no information exchange between Ukraine and US right now...

First of all, there is a limitation on your turnover as PE in Ukraine (not income), now it's around $175K which doesn't work for me if you exceed this limit you are no longer 5%. Secondly, because of war, there are some banks' limitations on spending, for sure they should keep economics alive...

I'm resident of Ukraine

I'm pretty sure IRS is continuously searching how to tax you at least corporate tax 21% especially in case, you do business with other US companies mostly and it looks like you try to avoid paying CT Thank you for your detailed explanation, it's really helpful! Actually, I'm not a US citizen...

Did you have experience with such a setup? I would like to know more details about this setup. I'm also in a service business and would like to have US LLC as a billing company for my clients (also the reason is conservative clients which prefer not to pay to FZCO), charging a small percent...