Premium Advertising Partner NON-CRS SETUP: Dubai Company with FREE Residence Visa and Bank Accounts! - DLS Dubai

[Fred]

Hi @Serni ,

my colleague did respond earlier today via E-Mail to your request.

For the Scottish LP Company no Dubai Bank Account can be opened.

 

[AndyAresa]

PM sent.

hello, Fred, can you share the updated price for 1st year and 2nd year for your full package?

 

[Fred]

hello, Fred, can you share the updated price for 1st year and 2nd year for your full package?

Did sent you PM to determine your Risk Category.

I know I did drop - 2-3 years ago - prices in EUR however they are no longer accurate due to the fact we work in AED which is pegged to the USD and EUR lost a lot of value since then.

 

[European]

Hi @Fred
I'm a bit confused.
1. The main idea of your setup is that you can have a corporate/personal bank account in UAE that will not be reported to the country where you are a tax resident?
2. CIT in UAE will soon increase to 9%. Is that applicable to the companies you set up? Will that mean bookkeeping for the company is required?

Thanks

@Fred
Do you offer rent a company services?

 

[Fred]

Hi @Fred
I'm a bit confused.
1. The main idea of your setup is that you can have a corporate/personal bank account in UAE that will not be reported to the country where you are a tax resident?

The main idea of the Dubai Setup is that you get through the Dubai Company Formation the possibility of a Permanent Residence Visa in Dubai as well which then again leads to opening local Bank Accounts in Dubai as a Resident.

In our opinion is non-resident banking dead - especially for transactional Business Banking - unless it's Private Banking / Wealth Management.

Example:
You are based with your Residence according to your name in Europe @European and you setup a Company in the Seychelles - you have no ties to the Seychelles beside of the Offshore Company which is due to it's Offshore Status no connection to the Seychelles either - therefore you won't get any local Banking in the Seychelles and you need to look in other places - which automatically leads you to questionable Banking Jurisdictions like Belize, Vanuatu.

Let's say you are fine with parking your hard earned money in a Bank in Belize (which we hope you don't) - what personal address of yours do they put on file? Your European Address as you don't have any other Residence outside the EU and definitely not a Tax Free Residence like you get it here with us in Dubai.

So even when you are fine with Banking your money in a Banana Republic - if you can call this even banking (search the forum for Caye Bank or Hamilton Reserve Bank) you get reported at the end of the year to your home country tax authorities due to your EU address the offshore bank has on file.

So it's necessary to look at setups which grants you through the Company Formation or an Investment a Permanent Residence - optimal a 0% Tax Residence - this leads you automatically to the Dubai Setup we provide.

2. CIT in UAE will soon increase to 9%. Is that applicable to the companies you set up? Will that mean bookkeeping for the company is required?

NO. We setup only Freezone Companies in Dubai and therefore our clients with Freezone Companies remain 0% Corporate Tax.

Only Mainland Companies are - no matter what - taxed at 9% Corporate Tax.

You can find several articles here in the forum about it as well.

@Fred
Do you offer rent a company services?

NO. We don't.

Re- consider such services as you risk to loose your money by such services blocking your money in the bank account which is not in your name neither you have any ties to.

This was again already discussed here on the forum and why you should avoid such services.

 

[European]

The main idea of the Dubai Setup is that you get through the Dubai Company Formation the possibility of a Permanent Residence Visa in Dubai as well which then again leads to opening local Bank Accounts in Dubai as a Resident.

In our opinion is non-resident banking dead - especially for transactional Business Banking - unless it's Private Banking / Wealth Management.

Example:
You are based with your Residence according to your name in Europe @European and you setup a Company in the Seychelles - you have no ties to the Seychelles beside of the Offshore Company which is due to it's Offshore Status no connection to the Seychelles either - therefore you won't get any local Banking in the Seychelles and you need to look in other places - which automatically leads you to questionable Banking Jurisdictions like Belize, Vanuatu.

Let's say you are fine with parking your hard earned money in a Bank in Belize (which we hope you don't) - what personal address of yours do they put on file? Your European Address as you don't have any other Residence outside the EU and definitely not a Tax Free Residence like you get it here with us in Dubai.

So even when you are fine with Banking your money in a Banana Republic - if you can call this even banking (search the forum for Caye Bank or Hamilton Reserve Bank) you get reported at the end of the year to your home country tax authorities due to your EU address the offshore bank has on file.

So it's necessary to look at setups which grants you through the Company Formation or an Investment a Permanent Residence - optimal a 0% Tax Residence - this leads you automatically to the Dubai Setup we provide.

NO. We setup only Freezone Companies in Dubai and therefore our clients with Freezone Companies remain 0% Corporate Tax.

Only Mainland Companies are - no matter what - taxed at 9% Corporate Tax.

You can find several articles here in the forum about it as well.

NO. We don't.

Re- consider such services as you risk to loose your money by such services blocking your money in the bank account which is not in your name neither you have any ties to.

This was again already discussed here on the forum and why you should avoid such services.

Thanks @Fred for the comprehensive answer
Can you please PM me? I have some further questions about setting up the company in Dubai.

 

[Fred]

Thanks @Fred for the comprehensive answer
Can you please PM me? I have some further questions about setting up the company in Dubai.

PM sent.