BVI is better than UAE in some cases. Depends on the business. Don't forget UAE is a sharia law country.That's why we say avoid all the caribbean islands in 2021. Simply because you can't find a reliable retail bank that is working with them. For wealth management with expensive private banks of course it's still a option. If you have 100m$ in assets you can still bank a BVI company in Switzerland.
For the average joe with 10m$ the UAE is the way to go for 0% tax, privay, no bureaucracy and normal retail banking.
I think I have mentioned it several times the UAE banks are good for the retail banking and once you have 2-3M you go the DIFC and have a conversation with all the big banks that are located there.BVI is better than UAE in some cases. Depends on the business. Don't forget UAE is a sharia law country.
Also is safer to park assets in BVI company than UAE I think. I wouldn't keep my assets in UAE banks. I understand you are consultant of UAE matters, but UAE is not always best choice
The office is included in this price and that's what the banks in the UAE want to see as substance.I was not talking about running costs, I was discussing the cost of having substance in UAE (for the most part, an office and a legitimate director).
The office is included in this price and that's what the banks in the UAE want to see as substance.
Everything above is personal requirement like need of having a director sitting in the office to Bank with foreign banks like CIM Bank but beside of this the above mentioned for 4.000€ is all you need to have to satisfy the local banks.