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Question Offshore Company with a solid bank account

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frankv

New member
Hello,

I'm looking for creating a company in an offshore jurisdiction with a good bank(s). I'm based in the UAE and already have company there but looking for diversification.

Main business is Internet Marketing Services to companies around the world.

Here are a few requirements about the jurisdiction:

1. No tax on foreign income
2. No tax on dividends distribution
2. Owner name not in a public register (In the internet etc)
3. Minimum of Asset protection
4. Access to reputable banks

Any feedback is appreciated. Thanks.
 

Fred

Dubai Expat
Mentor Group Gold
Elite Member
Commercial Service
Well if you already have your Dubai Company with Residence and local UAE business bank accounts you already have the best what you can achieve in the 0% Tax Offshore World in combination with solid banks.

It's hard to find something in combination with solid real bank account in the offshore world nowadays - especially for active trading company.

For Holding Company you could look into Switzerland / Liechtenstein Banks and depending on the millions you are bringing with you - you can try to negotiate the Jurisdiction to as offshore as possible but usually UAE is already the limit for there risk appetite.

Seychelles Ltd in Combination with Mauritius Bank could be a maybe - never seen issues with Mauritius Banks - they decreased there risk appetite recently so with UAE Residence and Internet Marketing Services it could be too high risk for them. If you try a bank then with Bank One.

US LLC with Bank of America Account could be an option as well - however requires personal visit, some good lawyer having good contacts in a good branch and will cost several 1000$ for sure.

The whole Caribbeans are pretty much dead for anything beside of wealth management.
 

Fred

Dubai Expat
Mentor Group Gold
Elite Member
Commercial Service
Thanks Fred for the feedback. What about other GCC countries?
There is only Oman that is worth looking into for the requirements you have mentioned.

Already met several high risk passport holders (Iran, Pakistan etc.) that had too big struggle with local UAE banks and then did setup something in Oman with success.

However it's much more complicated and less explored compared to the UAE but maybe worth a try.
 

Lawyer101

Mentor Group Gold
Hi There,
A Cyprus non tax resident company could be an option but you need to consider a few things such as your current residence , place of where management would be taking place from etc.
 
Last edited by a moderator:

uplana

Corporate Services
Mentor Group Gold
Hi There,
A Cyprus non tax resident company could be an option but you need to consider a few things such as your current residence , place of where management would be taking place from etc.
True, but if you have the right consultancy firm they will easily be able to sort this out for you.

Once you get mentor group access, try this guide for assistance!
 
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