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economic substance offshore

  1. U

    Consequences of not filing BVI Economic Substance for a struck company that never operated

    I am a USC and have a BVI company that aside from forming the company nothing ever happened. I'll spare the long story but it was formed, nothing ever happened, no bank account, nothing, there is no nominee either. It was formed in 2018. The second year (2019) it did not get renewed (mostly...
  2. A

    Important! RAK ICC Company Dubai and new rules economic Substance

    Hello dear forum users, FYI: I have a RAK ICC limited company (Offshore) by shares in the UAE and also my company bank account is in Dubai, but I live privately in Asia in a country where income tax only applies if the source of income is in the country, but if the income comes from sources...