Recent content by Moonlighter

UAE makes sense if you are a high income earner, trying to scoop of few percentages on your tax bill won't work.

Compliance feedback taking long time, I'm not politically exposed and have no complicated corporate structure. Not recommended! "Swiss" is also misleading, it's a Lithuanian bank.

Audits are required if you have > 50M AED turnover or fall under the qualified free zone activities. Aside from that you'll need to register for corporate tax this year (guidance) even if you will not pay any tax or qualify under the small business relief.

If you're not crossing 50M AED revenue you don't need an audit. Just use Zoho accounting suite and you'll be fine.

Move to UAE and don't pick Dubai, Sharjah or Ajman might be in your housing price range and tick a lot of boxes.

Fair point, for PE you also need to look into the DTA between the involved countries. Involving multiple jurisdictions is not exactly a trivial thing and written law and enforcement are usually different. Even if you stay in different countries during the remaining 7 month as tourist, it doesn't...

If you're nowhere > 6 months, the center of your life and economic interests, is the deciding factor. Hence Thailand could make the case. Very unlikely to happen, but a possibility. You can make the same point about UAE, and no one knows how the laws are enforced in the end. The decision if a...

Generally speaking if you worry too much about such pocket expenses, Dubai is not the right place for you. I think it depends a lot on someone's personal background, i.e. if you have a tier 1 passport and majority of your income is capital gains, Dubai is still awesome. If you run a business...

The deadline to register for corporate tax is 21 months from the start of your financial year, which usually equals to September 2025. If your offshore company is managed from UAE, you have to register.

Labuan requires real substance with at least 2 full time employees, 50k MYR Opex in Labuan, payroll, audit, physical office and there's a defined list of "other trading activities" that qualify for the 3% taxation. You look at easily $30k-40k annual expenses for this kind of setup. In addition...

The origin definition of Freezone is a designated area, usually physically separated, where they receive tax benefits. Doing international business shifting away revenue into tax havens is a thing of the past. UAE just killed the business model of free zones and the business around it. Without...

You still need to scan your passport ;)

Use BTCPay Server instead to avoid unnecessary KYC/AML checks, otherwise just stick to Stripe.

That's worth nothing. It depends on your nationality and which type of visa you hold, i.e. golden visa holders only have to visit once yearly. I suggest to spend 90 days in UAE to establish tax residency to establish substance, otherwise the paper residency is not worth much.

I'm surprised no one mentioned his biggest mistake, ultimately Romanian authorities reacted due to pressure of the US authorities. f**k around and find out ;)