Anyone with experience of a UAE FZ company?

[GrumpyMess]

Small things like that but you won't have to deal with that in Dubai, they got their s**t together

It's better to deal with that small things than jail for the premarital sex and eu blacklist

 

[kekmaw]

thanks guys for the info, can't wait to move there

@kekmaw is Cyprus actually that bad to live in?

I only stayed for 3 weeks and that was enough for me.

But with that said I was staying in Larnaca... if you stay in Limassol you'll have a better time... and spend a little extra on getting a nice place and the best possible internet, you'll still be able to live decently. But it's impossible to compare to a place like Dubai for example.

 

[kekmaw]

It's better to deal with that small things than jail for the premarital sex and eu blacklist

Depends on who you are. Neither of those issues are affecting me.

 

[brimstone]

It's better to deal with that small things than jail for the premarital sex and eu blacklist

lol... smh

 

[erni]

To setup a UAE FZE does it require a license to avoid local taxes? I wonder if there are other options if not a UAE FZE company but more like a Dubai company that can provide same level of privacy and tax freedom?

 

[CaptK]

You can set up a local company but that requires an Emirate shareholder which allows you to do business in the UAE and GCC. It's a longer process and more expensive but what it does give you is a local partner who is the face of the business.
To be honest it's not worth it, stick to a FZE company.

 

[erni]

Let's move on with what you suggested:

I want to setup a UAE FZE company, how much tax do such companies pay?
Do I need a nominee director and shareholder to stay totally anonymous? and if so, how anonymous am I if it comes to the real world testing?

 

[CaptK]

FZE pay no tax at all.
You don't need a nominee but you can have one and it will cost you extra.
Standard company set up is about 6-8K and on going maintenance after that about 5K.
If you require a nominee then you would pay about 2-4K per year.

Pm or email me to discuss.

 

[CAKEBRAINS]

FZE pay no tax at all.
You don't need a nominee but you can have one and it will cost you extra.
Standard company set up is about 6-8K and on going maintenance after that about 5K.
If you require a nominee then you would pay about 2-4K per year.

Pm or email me to discuss.

For a UAE FZE you're looking at around these prices for a legitimate register and then some more for extra options.