Dubai company for asset protection, good?

[ImKing]

I was wondering if it makes sense to register a Dubai company for holding company only.

No trading only moving assets into the company to protect them against authorities and other creditors in Europe?

 

[Clank]

There are better options such as Nevis, Cook Islands or Belize for asset protection.

 

[Martin Everson]

I was wondering if it makes sense to register a Dubai company for holding company only.

No

No trading only moving assets into the company to protect them against authorities and other creditors in Europe?

If you don't live in UAE and company does not have any economic substance the company will be automatically reported as per below.

https://www.offshorecorptalk.com/th...es-with-no-substance-with-ubos-country.36103/

 

[myshufflemix]

Thank you, I am considering closing down my company that Fred set up for me a while ago. However, I wasn't aware that it gets reported. I will have it wound up promptly.

 

[diro]

No



If you don't live in UAE and company does not have any economic substance the company will be automatically reported as per below.

https://www.offshorecorptalk.com/th...es-with-no-substance-with-ubos-country.36103/

Why does Dubai agree to this?

 

[Martin Everson]

Why does Dubai agree to this?

OECD moved in on them some years back to get them to clean up their financial sector. UAE wanted to avoid being put on blacklist and the negative implications to foreign investment it would have on its economy. They are powerless to fight back against the OECD demands just like us in the Caribbean were also.

 

[PinkCat]

What about an US c corporation as a holding company for your companies and real estate in other countries? You have moderate privacy (no public records of owners) and banks don't treat you like a criminal for being owned by a foreign company (like they would do with Belize, Saychells, UAE etc....)?

 

[bubbledouble]

Anyone know of an reputable service to setup a Dubai company?

Do you know if they have a public company register?

 

[aage]

There have been a few around able to provide a reliable and trusted service on OCT - sadly they seem not active any more since Dubai went down with their taxing of companies. It's less popular it looks.

 

[lory]

You may try
https://www.companysetup.ae/
I know a few people that have used this service in the past.

 

[Propeller]

There are better options such as Nevis, Cook Islands or Belize for asset protection.

How are they better, any real point you can mention ?

No



If you don't live in UAE and company does not have any economic substance the company will be automatically reported as per below.

https://www.offshorecorptalk.com/th...es-with-no-substance-with-ubos-country.36103/

okay, that's not to be discussed, however, are they really doing it or is it just on official papers they do it?

What about an US c corporation as a holding company for your companies and real estate in other countries? You have moderate privacy (no public records of owners) and banks don't treat you like a criminal for being owned by a foreign company (like they would do with Belize, Saychells, UAE etc....)?

what bank would not do this ?

 

[Martin Everson]

okay, that's not to be discussed, however, are they really doing it or is it just on official papers they do it?

They are really doing it.