Recent content by lostsoul

US/UK is pass thru, it will work if you live in a country with zero tax on your worldwide income. But then you normally dont need an offshore, you can have the accounts in your name, nobody will care. Im almost going on the BVI route, banks are used with opening account for investment companies...

The biggest problem with UAE is there is no simple setup there. Lots of register agents telling you need an FZ if you want to have a bank account in UAE. That they are not accepting RAK IBCs as clients since 2018. This is a big deal breaker...

Well, i have no plans to live UAE, even as an expat in the future. I would be only incorporating there, or BVI, or Cayman.

Thankyou reesek and anotherone for the feedback. When you say i should travel there every 6 months is to have tax residency in UAE ?? Or this is related with using an FZ structure instead of a RAK one ?? Ive heard its not so easy open a bank account in UAE for a RAK company. Tax residency for...

Hi guys. Living in S. America, have business here, short story my country taxes worldwide income but only if i receive it in my name. As long as the income remains in an Offshore Jurisdiction i can enjoy no taxation on my side. I have plans to become an expat in the future, travel more than i...