Hi!
what are the pros and cons of having a US LLC owned directly by a UAE resident or by transferring the ownership to the UAE company?
It would be taxable 9% in both cases.
If UAE company owns a US LLC accounting has to be done at the UAE level, thus accounting everything.
So the questions I can't find answer are:
1. How the accounting would be done in case it is directly owned by an individual (UAE resident)?
Would LLC in this case have to be registered as a tax payer in the UAE, make accounting and submit all the reports as any UAE company? Or the only obligation is to pay 9% on the part, that is distributed to the owner?
2. What is better for banking: banks better accept money transferred from the US LLC bank account to the owners individual bank account in the UAE or it is easier to transfer it to the corporate bank account of the UAE company, that owns US LLC?
Would be happy any clarifications on those issues!
what are the pros and cons of having a US LLC owned directly by a UAE resident or by transferring the ownership to the UAE company?
It would be taxable 9% in both cases.
If UAE company owns a US LLC accounting has to be done at the UAE level, thus accounting everything.
So the questions I can't find answer are:
1. How the accounting would be done in case it is directly owned by an individual (UAE resident)?
Would LLC in this case have to be registered as a tax payer in the UAE, make accounting and submit all the reports as any UAE company? Or the only obligation is to pay 9% on the part, that is distributed to the owner?
2. What is better for banking: banks better accept money transferred from the US LLC bank account to the owners individual bank account in the UAE or it is easier to transfer it to the corporate bank account of the UAE company, that owns US LLC?
Would be happy any clarifications on those issues!