Recent content by Tony D

Over all that story, trouble in HRB is obviously linked to SL bonds on which the debtor failed ! I remember a conversation I had (prior to this event) in Feb. 2022 with a private banker of HRB as she mention the bank would be soon have accounts with SL central bank , as correspondent bank for...

Solution may be Swiss tax free plate, renewable annually !! So unlike all others countries those taxfree plates are "permanent" in fact, there is a guy in Zurich which is in such business for 30 years, along selling tax free cars Iczkovits TaxFreeCars Downside being insurance side, you cannot...

That was long ago ?

Didn't ABC bank of Mauritius accept account application for Seychelles IBC , or is it a vestige of the past ?

Do you have an office in Dubai, or is everything done online ? One more question, can you provide translation for clients of type of letters and contracts in Russian necessary to apply for payment ?

Yes, you are absolutely right, RAK ICC isn't a free zone company, thus, logically, even free zone rules for taxation doesn't apply to it, it's an offshore, it would be absolutely non sense to apply free zones rules or any kind of taxation on them due to the actual trade limitation in UAE for...

Well, talking about DMCC , there is mostly a freezone devoted to commodity trading , so most companies there would end up exempt since they are in such businesses, and the other criteria being economic substance , which is mandatory in DMCCto get licence and to renew it . Furthermore, those...

https://www.bmsauditing.com/blogs/corporate-tax-for-uae-free-zones-and-mainland

Well, I think it does not apply to RAKICC as well as to DMCC companies once your clients are foreign based ,or in the case of DMCC if they are foreign based OR another DMCC company. This is what is explained at length by every UAE authorities concerned, simple enough to understand I think ....

Not so sure ... They apparently had some money stuck in sri lanka .... https://www.business-standard.com/article/international/sri-lanka-sued-by-us-bondholder-after-island-nation-s-historic-default-122062300224_1.html