Open a Multi-Currency Account in HK - Statrys
DLS Dubai - Company Formation & Bank Account
Turner Little - Company Formation Agents
Offshore Bank Accounts
UK Ltd with emi bank account

Recommendation Malta or Cyprus?

CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.
Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
@Martin Everson sorry for my ignorance, but what else could the director be apart from a nominee?
I need a local director for the substance, so my companies are tax resident in Malta

1. Are you signing a declaration of trust with this director?
2. Has the director agreed they will open accounts for the companies?
3. Has the director specified what their duties will be for the companies?

If you are not signing a document in point 1 above then you may satisfy effective management and control being in Malta. In terms of a substance test for the Malta companies you would need to meet at least the following:

1. At least 50% of directors resident in Malta
2. An office must be present in Malta
3. Business decisions and board meetings take place in Malta
4. Operations must be in Malta so helps to have local invoices to prove local costs incurred.

I think you will be ok then with above points however. It's not Malta taxman you need to worry about but your home taxman if they are aggressive in nature.
 
DLS Dubai Company Formation and banking solution

Latest Threads

DLS Dubai Company Formation and banking solution
Offshore Bank Accounts
Top