Recent content by rb91134

I didn't find any definitive answer backed by case law/evidence/IRS instructions etc. So I haven't decided what I'll be doing yet but will most likely be putting in UAE instead of leaving it blank.

Thanks Forester. I am a dual citizen of the Commonwealth of Dominica, and Turkey. Any specific recommendations in this case?

Thanks Sol - appreciate your response. I will check out Zen and 3S.Money. We used to have an a/c with Hellenic Bank many years ago. But that got shut down when Cyprus was going through some banking issues if I remember correctly. Tried with RCB Bank after that but they simply sat on our...

I need to open a business bank account with an EMI for a Cyprus ecommerce company (nothing high risk). 3 things worth mentioning: 1. The company has a resident Cyprus director but the UBO (me) is a non-EEA national. 2. We need USD denominated accounts and USD denominated incoming and outgoing...

Thanks for your response. My concern actually is not whether the IRS shares those forms with my home country or any other country, but rather, making sure that I am not providing any inaccurate information in the form to them. The question that the form asks is: "Country(ies) under whose laws...

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I am a perpetual traveler with a U.S. LLC and my original home country has a strict days test (and nothing else) to determine tax residency. Does anyone know whether the fields 1n ("Country(ies) under whose laws the reporting corporation files an income tax return as a resident") and 4e...

According to Cabinet Decision No. 100 of 2023 released on 3 November 2023: "The scope of qualifying income is extended to include the amount of qualifying income derived from the ownership or exploitation of qualifying intellectual property, excluding expressly any marketing related intellectual...

//I know someone who closed their freezone company (FZC, I think), and they were only allowed to do it after signing a declaration that they would personally take on all the liabilities of the company.// Interesting. The main thing I am trying to protect myself from is any future lawsuit from a...

Does anyone know if there's a difference (in terms of limited liability protections) between FZE (single shareholder) and FZC (multiple shareholder) companies incorporated in a UAE freezone? Do both types of companies benefit from limited liability, or is it the case that only FZC companies...

My wife and I had strongly considered Kuala Lumpur as a place for us to set up a second home in (where we would spend 2-3 months at a time during the spring and autumn), but our problem was the weather - we don't like heat and humidity or frequent rainfall. Other than the weather, KL had ticked...

I am sticking with the UAE for now, but we've actually tentatively decided on a different plan outlined in this post: Schengen visit / tax residency This plan seems to be fairly low-risk (not zero risk though) based on my research. However, I plan on consulting with a Portuguese law firm later...

@MiddleEuroAsia Thanks for your response. Will it be possible for you to elaborate on this: "With a little creativity, Egypt + UAE can present lucrative prospects that are worth exploring" - i.e. what are the lucrative prospects that an Egypt citizenship + UAE residency setup can provide that...

I am originally from a 3rd world country and have recently obtained a Caribbean CBI passport. My official residence is in the UAE. I am planning on getting an additional passport as a backup given how much scrutiny the Caribbean countries are currently under. The biggest concern (apart from...

We seem to be going around in circles here, so this is going to my last message to you on this topic. There were already several officially declared exceptions to the 180 day rule (foreigner wife of an Emirati citizen, domestic helpers accompanying Emiratis having a scholarship for study abroad...