Recent content by ZipZop

legal background in Switzerland, now in UAE basically doing private equity advisory as well as Family office structures for CIS/Asian clients mostly. I am not a lawyer, especially not in Cook Islands or St-Kitt. but I stay updated about the different possibilities. my summary about the...

First of all, like almost anything, that only works on a preventive basis and not when a case is ongoing (bankruptcy process, legal issues,etc..) in my opinion, on the legal side, there is today nothing better than a cross-border protective asset Trust in the Cook Island jurisdiction mixed with...

Maybe I missed something... your income is USD 300k (so this will be your company income right?) in UAE the first AED 375k of profit (emphasis on the word "Profit" not income) are exempted, so about USD 100k. remaining is USD 200k . I assume you have some expenses (corporate but also personal...

just be aware the bank could make new KYC in case of change of UBO, especially with a sole shareholder. it's not negative but be ready with your docs

yes I agree you should always have 2-3 accounts open, especially in UAE. regarding the compliance, I experienced this morning a request for 7 transactions I did 5 months ago. as I am always prepared for that, they were pleasantly surprise that I answer less than one hour after I received the...

minimum 2% of employees number. so 1 per 50

biggest difference is the Emirati quota mandatory in a mainland company if you have more than 50 employees (quota is 2%)

worst case is when they close your bank account (they do not need to say the exact reason) and give you a cheque, but at the same time they put a notice at the central bank so it becomes basically impossible to cash out your cheque in another of your bank account (they are other ways tho but not...

this is (as UAE resident) what I do as well, but I don't get the same result as you...I just receive multiple different answers.. (even from lawyers and accounting firms) , so at the end it's worst :)

sorry but there is something I don't understand. any holding company which is a major shareholder (or sole shareholder) of a foreign company will effectively have direct or indirect control over it no? so in your explanation it would mean any holding company in UAE (which should be exempt of...

interested in this topic: not the crypto part but the remaining. did you go forward with it? could you open your corporate account in the mentioned banks?

Wow.. I can only suggest you take one of the many (free) courses you can find on internet/YouTube about correlation.. so many (objectively)wrong things in your statements and you seems sure of yourself so I won't try to make you change your mind (but basically all reactions you received already...

Sygnum bank in Switzerland for big amount, they received their licence in Abu Dhabi as well. Initial deposit starts at usd 500k fro Swiss citizen and USD 1m for foreigners and not Swiss resident.

please do not follow blindly the advise of a youtube video... the stuff with the RAK company is BS set up a company in DIFC (it's under common law and not local law) is costly and not so easy as you may think, there is no advantage to do if if you are not in financial advisory or fund...

Wow...