Yes, you're right.No you shouldn't be able to retrieve the UBO. What report would that be?
You should have a call with us tooYes, you're right.
I had a call with the CY law company, they told me there is no way to get info about the UBO if you use the nominee service.
Î think BORISNo you shouldn't be able to retrieve the UBO. What report would that be?
Try to find the BO of a Cyprus co on it
I cannot, you need to have an account. Seems it is bullet proof.Try to find the BO of a Cyprus co on it
UAE / Freezone have UBO registers and require that, but it is not public. Only available to government.
If you have a standard type of sales such as those on SaaS or ecommerce and maintain proper transaction records, accounting should not eat you up in feesMaintaining CY LTD is costly, with high expenses for auditing, accounting, nominees.
If you have a lot of transactions, you should aim for 10,000 EUR annually.
I would say "It depends on your activity".Maintaining CY LTD is costly, with high expenses for auditing, accounting, nominees.
If you have a lot of transactions, you should aim for 10,000 EUR annually.
Yes, you're right.
I had a call with the CY law company, they told me there is no way to get info about the UBO if you use the nominee service.
No he is just not shown on any public register, only nominees are.So the nominee is registered as UBO as well?
Take it from me that in theory this sounds good. Yet in practice your home country will deem you still a tax resident and tax you. Especially when you stay 180 days in your home country and only 35 days in Dubai and the rest in others.Also, all 3 jurisdictions don't require >182 days spent to obtain a tax residency there, less is also possible, which is good. I would just have to spend less than 182 days in my current country to not be tax resident here. So it would be possible to spend 180 days in my current country, 35 days in Dubai, and the rest in another country and still be Dubai tax resident (would be similar with Malta/ Cyprus though) as far as I understand.
Also, all 3 jurisdictions don't require >182 days spent to obtain a tax residency there, less is also possible, which is good. I would just have to spend less than 182 days in my current country to not be tax resident here. So it would be possible to spend 180 days in my current country, 35 days in Dubai, and the rest in another country and still be Dubai tax resident (would be similar with Malta/ Cyprus though) as far as I understand.
Or "center of your economic activity". Very arbitrary but it boils down to where you spend your money in your free time. They go as far as where you receive your parcels, play tennis, drink your gin tonics, buy your clothes, or how you book your flights. Just to highlight a couple of items.You're likely misunderstanding. Basically all high-tax countries will still consider you tax resident with such a setup.
Number of days spent in country is only one of many checks, and they can also count days where you were not in the country.
Example: Imagine an consultant or field engineer who travels to many different countries during the weekends and spends only the weekends in his home country. Such a person will have very few days in their home country, but still very clearly be tax resident there.