Recent content by Nomado

Sounds interesting ! Do you have the link or the title of the documentary by chance?

Welcome man. Very interesting, I went to Sri Lanka and enjoyed the vibes there, quite a diverse country. When I visited the idea of becoming resident actually accured to me. Could you tell us how it happened for you?

Really only 6%? What is the tax rate on the individual income?

It seems to be a beautiful country. But is it worth it tax wise?

Just go in the street and give to the people in need, or those who play music. Or asking people what is there dream and supporting them achieving it if it's business related (starting a business), giving to orphenages...

Ok, so no ''audited'' financial statments, just normal statements. Can I ask you how long did it take to get the audit done after you ordered it ?

Well, what about sending them the link to the MoF website ?

I also thought that only companies making over 50 millions aed were obliged to produce audited financial statements... Cf #318 https://mof.gov.ae/corporate-tax-faq/#:~:text=N.%20Accounting%20Standards%20and%20Methods

Thank you for your answer. Ok, so if I understand my name would not appear on the public records but will appear on the bank account. Is it the same for a uk Stripe account ? Do they ask for UBO, or is it possible to open it with the nominee director's documents? Because now that stripe reports...

Thank you for the article, really informative. Question, in the case I open a UK LTD with nominee director and shareholder for privacy. To open the bank account (or emi), I will have to give my identity as the UBO of the company, and the company bank account will not have the nominee...

Any reason why the UK tax office will not find it a bit weird that the funds are withdrawed without having paid 25% corporate tax on it ? I have a uae freezone. I'm thinking of setting up a uk ltd and use it as a merchant of records for my EU customers sales (digital product), and pay EU vat...

If the german company has a VAT number, then no vat is charged by the hk company. But the german company has to pay it (german vat rate) to the german gouverment (reverse-charge mechanism). If the german company did not have a vat identification number, hk should charge german vat on the invoice.

Why ? Is it so there is no need to justify the money transfers between the two entities with an invoice ? If the UK company is totally independent from the UAE FZ, is this setup still possible (withdraw most funds from the uk ltd) ?

Can mauritius be considered a good country on a personal tax level ?

Thank you Don for your idea. I am not familiar with this setup. Practicaly how does it work? is it like opening an empty shell company in the EU and then authorize somebody like an accountant to be acting in my name ? How is this different than using a nominee?