Recent content by BerlusconiSchmidt

Have you ever lived in the US/CANADA/AUSTRALIA/NZ/UK in 2021-2024? Dubai is cheaper, and it has 100% less Tax than those places, making things even cheaper.

So do you think is it good like this? - Living in country X( which doesn't tax foreign Dividends) : Getting paid a salary from a local company for some of the online businesses I run. At the same time: - Working as a shareholder for the UAE company without being the Director, just a...

Ok thanks. Well I'm looking at only avoiding getting the corporate tax since in Dubai is almost 0%. The country I'm looking to move to doesn't tax foreign dividends for a certain number of years so that is already sorted. The main issue remain the Corporate residency rule that could be...

There are options to avoid this? Could you list some of them?

So it requires proof that the person is employed by a foreign company, and therefore cannot work for a UAE company?

Thanks, only $601 USD each year? and does it allow you to incorporate a mainland UAE company without all costs like medical, ID, etc.?

So we are deciding whether to move to the UAE or not. As a family of 3, what would be the cheapest option, Visa speaking, to move to the UAE? Running a company I was quoted for $10K a year plus all auditing so it goes around $15K USD a year. Is there any other Visa that can be extended to...

You are just one of the lucky ones that they see as low risk. As soon as you have residency in a different country than your country of incorporation, questions and manual checks get raised.

Any update? Panama, HK and Costa Rica aren't great options. Two of them are almost third world, and Hong Kong translates to live in tiny 50th floor claustrophobic apartments, both are not doable with a family looking for comfort and safety.

Let's say you run an US LLC or a Dubai freezone company, with another business partner who holds 50% of the remaining shares. He lives in Dubai, you live in New Zealand, or Canada, or Australia. How does the local Tax agency say that your company must now be classified as a local company if ...

Don't worry, crypto or not, for 6 figures and above they can and they will close your account eventually. I provided them with source of funds and they still closed my account with 200,000 USD on it (this was years ago) and they kept the funds for their BS internal investigation for 6 months!

nice info, now I know how the Chinese destroyed the Aussie/NZ property market.

Now that Thailand is off limit for all digital nomads and entrepreneurs who are not broke, due to their new tax laws, what is another interesting country that offers equal quality lifestyle and services as well affordable housing that is not a dump like the Philippines or Bali?

Your set up is too common, they cracking down hard. What did you expect? welcome to the club. You will find it almost impossible to open EMIs and bank accounts for your US LLC while living in the UAE. You either have millions or you will have to be lucky to operate this way as a startup.

What are you talking about? People pay 45% taxes in democracies in exchange for literally nothing. Look how dangerous the UK or France have become today, or even most cities in the USA. People pay 20-45% income tax (plus a s**t ton of other taxes) to literally live in the wild west. Very few...