tax

I currently have a big problem, namely that my company takes in several million per year in profit. However, we only keep the money in crypto and do not pay it out to banks, how could we even, banks in the UAE are very strict when it comes to crypto. So we are forced to leave the money in...

I own a company and we receive millions in USDT or BTC each year. Now with 9% corporate tax I need to pay taxes in UAE but our bank accounts are almost empty as we RARELY use them as they won’t accept our crypto payments. So what happens is 99% of our income remains in crypto and I need to pay...

For me things are pretty complicated in UAE, I don’t understand wether I need to pay taxes on my Freezone company from 01/06/2023-01/06/2024 or does it start from beginning of 2024 till end of year. Need to mention that I fully qualify to pay taxes due to 3M and 375k rule. According to the...

I've read several threads about withholding tax on this forum. I would like to know if I need to pay ongoing taxes on the following wealth I accumulate over a 12 – 24 month period.I am deregistering here in Norway where I have always lived.Moving to Switzerland and setting up an XYZ AG where I...

Hello everyone, What is Shories? Shories is an upcoming project in the offshore and onshore world. You can see our website at: Shories: New Era of Offshore and Onshore. The idea of Shories is to modernize and renovate the offshore and onshore world by creating an online platform to ease all...

If the person (not UK citizen) received some affiliate program income on one platform outside UK and used ID documents from different country on the platform while living in UK. Didn't declare that income and then left the UK. If the person will disclose undeclared income and pay the taxes for...

dear, I am a Dutch citizen who is living in Thailand for a few years now I started 8 months ago with affiliate marketing and my next step is to maybe open an LLC. Someone mentioned that a C-Corp from Delaware could be an option. In fact it was called: No Questions Asked Tax Free C-Corp...

Hello, I am currently preparing an iGaming service. We are setting up our company structure with an Anjouan license + a Belize corporate (for holding the license) + a Cyprus subsidiary (for EMI), but I am uncertain about the tax structure. All transactions and funding are managed through the...

Hello! Through the help of this forum I figured that the UAE maybe imposed 9% corporate tax on day/swing traders. The UAE government recently released conditions stating that a natural person (individual) who conducts 'Business' or 'Business Activity' will be subject to the 9% corporate tax...

I hope you're all doing well. I'm writing to gain some insight and clarification regarding the revised Tax Residence Certificate rules in the UAE. As many of you may be aware, the UAE Government, through ministerial decision No.27 of 2023, made amendments to certain provisions on the...

I am planning on leaving my high-tax country in the next few months. I am setting up meetings with accountants/lawyers in Portugal and Cyprus. Malaysia and Dubai are also possibilities My thought process so far is the following: I should choose a country that my home country has a tax treaty...

I've learnt recently that many wealthy people have their tax structure something along the lines of — A Multi Currency Trust (Usually in the Cayman Islands, Cook Islands, Or Singapore) then holds/owns — A Holding LLC (Usually in Nevis, Belize, Panama) then holds/owns — An Regional LLC (Usually...

Hello, I am trying to optimise my business and reduce the tax burden as much as possible. Your help would be most appreciated. My company is registered in the UK and I have a UK residence. My company is selling online services and digital products and it's trading for just shy of £85,000 a...

Hello! We have a branch in Germany & HK, but UBO is a tax resident in Balkans (and EU citizen). He wants to somehow cash out profits every year, around 5-6 figures, but where he lives the personal tax is huge (he is an old guy, doesnt want to relocate) How to do it smart ?

Do you advise Wyoming or Delaware company? I will also have Mercury account. Which is cheaper to form and has lower yearly renewal fee? And are there any tax concerns? Lastly, I saw that Alabama is very cheap but I guess there is tax and not similar to Wyoming or Delaware? Do you advise me LLC type?

Hello everyone, I have some questions regarding the legal structure for dropshipping. I am currently a Canadian resident, and I am interested in starting to sell in the following countries: US, Canada, UK, and Australia. Before I begin, I want to ensure that I have a solid legal structure in...

Hello Everyone, It’s been a couple of years now that I’m into Affiliate Marketing, and my monthly income has been growing steadily. Currently, the annual income is around $120k per year. Would you say it's time to form an LLC? Or is it still early considering the expenses/taxes of a company...

Hi! To keep it short, I’m Thai, my partner is EU, we are making $5k+ on OF a month but expect to grow it a lot more in the coming months due to hiring an agency. We would like to go back to Thailand for a year or two where SW isn’t exactly legal so we would like to receive the income and pay tax...

I am looking for an alternative to the Georgian Small Business setup I currently have. Is there any? I am interested in low cost setup, easy tax residency and low taxation. Easy visa (or no need as Georgia) is a plus Thanks!

Hi there guys, I am new here, as I just discovered this forum while searching for answers online regarding Crypto Taxes and LLC. Not much info on the internet, to be honest. I do have a French passport, I am a resident in the Philippines (territorial tax system) and I have an LLC in Wyoming...