As there’s no audit and no reporting and no requirement to keep books (looks at FAQ) you can do whatever you want. It’s the same with a company. It’s not compulsory to do business as long as you abide the rules (some free zones require audit and to file the report when you renew your license)...
Believed you move to a low tax or no-tax jurisdiction like UAE or any Caribbean island. You claim there your tax residency, get a tax certificate and sever all ties with your home country. Tax authorities from your home country give you a clearance certificate (German citizen). Therefore you...
I checked https://gofreelance.ae/ out though I can't figure out if I am allowed to work only with companies within the free zone (eg. DIC) or with companies outside UAE, similar to a FZE company, too. Any suggestions? FAQ on their webpage does not take a clear statement.
Looking for some experts to structure/protect assets on a global scale.
I would like to contact some large law firms and global tax advisors for a second opinion about incorporating a holding company and with linked subsidiaries for investment in stocks, real estate, and private equity. To gain...
What are your thoughts about an independent external wealth manager (firm) which can diversify among several banks? It helps to avoid cluster risks. Don't put all your eggs in one basket ;)
Private bankers often tend to sell their products because they are supposed to. It often starts with...
I totally agree with you. Most managed funds have lower performance as passive investments if you take all costs into consideration. I like ETFs and savvy picked stocks more.
What about their private banking services when you have >$ 15m? Is it worth it?
You talked about some big banks like UBS and BNP. What about tier 2 or tier 3 banks and independent private / wealth management banks?
Is it worth to go with larger banks and pay higher fees (sometimes ridiculous > 1.5% AUM) or better to go with smaller ones?
What is it like to live in Bahamas? I don't trust and rely on all information on the web though it seems to be sometimes rough (criminal activities, "over the hill"). Could you give us more information as a resident? US foreign affairs websites almost write this about any country.
To get a...
Would be interested to hear more about it. Any recommendations?
In case you are tax resident i.e. of UAE, does it make sense to open a Seychelles Private Foundation with a IBC in Belize or Cayman to invest heavily in stocks?
Great! Love it!
There is a lot of information about the Bahamas and if it is safe or not (crime) on the internet. How is life?
Is New Providence considered as good or where would you recommend staying? Which island would you prefer?
What happens if you set up a free zone company with no activity? No activity means no ledger. Or what could be an activity without hassle?
Why? Getting a residence visa and living in UAE (cheaper as buying real estate).
You are talking about the investor / corp visa. What would the corporation there do? Nothing?
Sure, one of the easiest jurisdictions to get citizenship by investment and there's no minimum stay to claim tax residency.
Do you live on a porch Caribbean island?
Let's start dreaming....
Imagine you win a lot of money. Let's say 50 million €/$. You live in Germany or any country where lottery/gambling profits are not taxed and you are an EU citizen.
What would you do to keep the burden of tax as low as possible?
I have some options in my mind. If you...