I think I saw several with investment in their name, dmcc, ifzaCould you please share some names of these FZ's where you can trade your personal assets as main activity?
I think I saw several with investment in their name, dmcc, ifzaCould you please share some names of these FZ's where you can trade your personal assets as main activity?
While this may seem logical for let's say an american it's not proper financial/ estate planning for other nationalities. In terms of stocks, let's say you have millions of dollars in your personal name & you pass away you'd be liable to pay US estate taxes of 40% over $60k. If these assets are held under a business name there's no estate tax since a business cannot "die". Trading, holding large assets under a company registered in a region without capital gains tax is a no brainer.Yes
The way I see it:
If you're trading ONLY your own funds - why would you need a company?
You do not offer this as a service to anyone.
You're not a fund manager.
You just manage your own money.
That's correct (about the estate tax).While this may seem logical for let's say an american it's not proper financial/ estate planning for other nationalities. In terms of stocks, let's say you have millions of dollars in your personal name & you pass away you'd be liable to pay US estate taxes of 40% over $60k. If these assets are held under a business name there's no estate tax since a business cannot "die". Trading, holding large assets under a company registered in a region without capital gains tax is a no brainer.