Recent content by Soundpeats

Why would you do that ? He is still going to have to pay taxes in his home country

what about corporate tax ? You mean you live in "A" country and have an offshore company in "B" where you only pay the 5% tax on dividends ? I think Switzerland is probably your best bet (If all you do is trade). Not sure if Puerto Rico suits your situation but I do believe they don't tax...

Are you looking for an optimum country to trade cryptos and pay 0 tax as a professional trader ? Just guessing since of your past 2 threads

You can of course, but getting inside Kuwait its a lot harder than UAE unless you have cash to invest. You need a sponsor/someone to employ you for the most part to get the residency, there is also an investors Visa. Bahrain is an option (but expensive to get in with a "golden Visa") And Qatar...

Some do of course, if you are a professional trader alone (and that's your only business) its a good option. If you do more than just trading then it loses some appeal vs other places

Capital gains in Switzerland are usually tax exempt. So it would make sense

Update regarding UAE. Let me shine some more light into it. Those interested in creating a NFT collection should be looking to setup their Freestone company in the DIFC Freezone only (if you want to play it extra safe). The 9 of march it was announced that most freezones (except the DIFC) will...

Unless you have partners you share this company with abroad or office directors and employees taking some real decisions in the country you create the company at. You will almost certainly have pay taxes in your home country (even if the company is incorporated offshore it will be considered a...

Thank you for your answer. So its unlikely to work because UAE would apply their law on the offshore company then ? With all the new regulations announced in UAE and VARA being implemented may I know how are you are so confident that dealing with crypto as a whole isn't potentially problematic...

I havent seen (even UAE/Dubai specialists) being able to answer your second question, and I am not talking just on this forum, but in general. I imagine it might be too early to know

Interesting, so what if you had an ecommerce business selling goods and only taking crypto as payment, or what if you had a NFT project and were selling NFTs. With UAE latest rule changes wouldn't you need a license ? The setup in question was not really the point. It could be pharmaceuticals...

legal until caught then

Thank you very much for your answer kind sir. What about the applicable law in general (not just the tax laws) ? Say for instance that UAE requires a crypto license to operate with cryptocurrency (buy/sell them) otherwise its illegal. So someone living in the UAE sets up a company in BVI (or...

So if you live in UAE can you setup a company in say.. Cayman Islands or BVI, and you wont have any issues with economic substance ? Regards

What happens in the case of no double tax treaty between UAE and US If someone had a (i) US LLC (ii) US C Corp