Recent content by Brutus

I have a Dubai freezone company that is pretty much dormant and I see no point in just paying fees, renewals, etc... so I think the best option for me would be to just close it down. Has anyone gone through the process of closing down their freezone company? I would like to hear from members...

Finding trusted people is the hardest part most of the time

Damn no need to flex so hard big man... just joking haha, do you actually use all of them? I don't recognize the white one on the right, which is your favourite that you would recommend most if you only had to keep 1?

Renewed in IFZA 3 months ago and they didn't request any financial statements

The timing of this post is amazing! I wanted to start doing more research into the UAE golden visa now since past few years my funds were invested in crypto and I didn't want to cash out 500k from crypto in order to buy a property but with the current rates I would diversify. Where would be the...

What crypto cards do you recommend?

Since you have successfully purchased some properties from developers already can you give any tips on what people should keep in mind when buying? Say someone has $1m to spend on a property and wants to relocate to UAE to spend 6 months a year there

Yet I have no doubt some people will fall for it. Especially those who have no idea about how anything offshore works

Even if Fred comes back again I would never do business with someone who behaves this way. Total disrespect to all of his clients and shows a lack of character. All of business is built on trust and that has been lost here already

First cycle?

You have to get your nominee or director or someone else to open the accounts.

LTC is lacking adoption and layer 2 and very few people are even talking about it. Bitcoin is being plastered everywhere and same with ETH, getting their ETFs approved. This brings a lot of money into BTC and ETH pushing the price up. We will see a point again in this cycle where people will...

Feel free to read through the document yourself and give us your own summary

It sounds like the UBO can be whoever they decide it is, so whoever actually has the money. Today it is the settlor, next day it is the benefitiary and the whole time it is you. Then what's preventing someone from creating a position of a UBO same as we do with directors or nominees? It can...

ChatGPT summary The article "Asset Protection Trusts: Impact of Recent Case Law" by Duncan E. Osborne and Elizabeth M. Schurig examines the implications of recent court cases on the effectiveness of asset protection trusts (APTs), particularly offshore trusts. Recent cases in bankruptcy and...