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Where can i easily start a business in 2023 to save or pay no taxes?

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JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Dec 6, 2021
3,518
2,880
113
beach
Where can i easily start a business in 2023 to save or pay no taxes?
The real question is: how can you “easily” start a business that you know will make taxable profits?
 

MiltonStone

Corporate Services
Mentor Group Gold
Apr 11, 2009
316
75
28
39
No one answering his original question!

Dubai would indeed be a good place next to Mexico, Somalia and Costa Rica!
 
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JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Dec 6, 2021
3,518
2,880
113
beach

overnbeyond

Active Member
Aug 12, 2022
83
40
18
38
Dubai - Frankfurt
Does anyone have any new insights on the subject?
UAE is your best choice with little input; indicators like foreign direct investments, global competitive index, GDP growth, and the numerous tax advantages 0 Income tax and 0 corporate tax for FZs are offered only in UAE. IF Properly structured, UAE is the ideal way to benefit from these tax advantages.
 
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RealDude

Entrepreneur
Dec 30, 2021
1,024
475
83
West
UAE is your best choice with little input; indicators like foreign direct investments, global competitive index, GDP growth, and the numerous tax advantages 0 Income tax and 0 corporate tax for FZs are offered only in UAE. IF Properly structured, UAE is the ideal way to benefit from these tax advantages.
I dont like Sharia and bad air quality.

No one answering his original question!

Dubai would indeed be a good place next to Mexico, Somalia and Costa Rica!
Mexico was not yet on my radar. Can you tell something more detailed about it, also in comparison to Dubai and Somalia?
 

JohnnyDoe

Schrödinger's guy
Mentor Group Gold
Dec 6, 2021
3,518
2,880
113
beach
You really want to talk about Somalia? :rolleyes: Why not also talk about Vatican City then, it’s a zero tax country! rof/%
 
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overnbeyond

Active Member
Aug 12, 2022
83
40
18
38
Dubai - Frankfurt
I dont like Sharia and bad air quality.
Sharia? can you define Sharia? and in what way would that negatively play on optimizing your tax return?
Check out DIFC and ADGM they are governed by English common law. Yes, they are independent jurisdictions, but under the UAE Constitution, besides you don't have to live in UAE to take advantage of the tax law.
Saying you don't like it because of sharia sounds like I don't like Russia because of vodka.
 
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azb1

Mentor Group Gold
Aug 23, 2020
2,188
1,419
113
Do you look into Mauritius
Offshore businesses located in Mauritius that do not do business with Mauritians nor use Mauritian currency are exempt from Mauritian taxes.
 

euinchina

New member
Sep 22, 2022
17
1
3
43
China
Really? U mean I can just fly to UAE and bring/send my income (company dividends) tax-free without having to satisfy minimum residence requirements?

If the above is true, I have some questions:

I am a citizen of jurisdiction A with territorial tax regime and regard foreign income as tax free. I currently live in jurisdiction B that taxes worldwide which has a Double Tax Treaty with A.

1) Do I owe income tax to A?
2) Do I owe income tax to B?

besides you don't have to live in UAE to take advantage of the tax law
 

Spinat

Corporate Services
Elite Member
Jan 3, 2009
2,306
870
113
Really? U mean I can just fly to UAE and bring/send my income (company dividends) tax-free without having to satisfy minimum residence requirements?
@Fred and @Gediminas may be the guys to help you with what you need there.

Back to the OQ - if Mauritius is to far away and Dubai does not suite you it will really depend on what capital you have behind you. You may already have read about Bulgaria and Romania but depending on what money you have available Switzerland is still a good and safe place.
 
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