Recent content by JohnJ81

can you not pay dividends to yourself living in Dubai tax free? after the corp tax is paid?

what is Nexus

It seems that Dubai has changed its clientele. It will offer zero tax to people who use it as a headquarters and send the money in as foreign dividends. You can pay out tax free salaries as long as they are arms length and invest the other remaining money in Dubai, or send it back overseas to...

Is it basically saying that dividends to a Dubai parent company from a foreign subsidiary are exempt as long as it owns more than 5% of the shares for a minimum period of 12 months before any distribution is made? So it seems that IFZA Freezone company is a juridical person

can you define what a juridical person is?

you have 375k tax free so you pay 9% on 625k only

but not on salary payments as long as gaar rules are kept

sounds fine if you actually move to and live on the island as well...and your transactions / invoices are arms length... spend 7 months there in the year...own property there and live in your residence with family if you have any... use the island local banks and pretty soon it will be your truth

if you did pay yourself out the full amount after the substance costs, are you paying 9% tax on that disposal? or is a personal dividend from the Dubai company even allowed at all?

With a UAE company that receives dividends from a foreign subsidiary, it seems to be generally agreed that it is 0% corporation tax in the UAE. However, once the money arrives in the UAE local corporate account, say 10m AED per year, will it be like the old days? that you can just transfer it...

If your structure is not done correctly, you leave yourself open to fines and penalties as well as the full amount owed. Although I dont have any ties from my own understanding of the tax treaty, my money is obviously coming from here, so if my structure is not in order it will be open to attack...

I guess nobody knows the true answer as it can change on a case by case basis. So from reading all the comments, the only way to make this really work is to spend more than 183 days per year in either Portugal or Cyprus or to set up a holding company in Dubai and take a corporate dividend from...

To receive my full dividend, I need a tax resident certificate from the foreign country. The Cyprus tax office also need to stamp my dividend form and then I need to present both to my home country tax authorities. They will have freedom of information within the EU to fully check my presence in...

https://www.taliadorosaudit.com/images/taliadoros-publications/newletter/2018/ax-Residency-Certificates-under-the-60-days-rule.pdf here is an example and doesn't mention anything about the tax treaty not being valid

If you stay 60 days there's nothing to challenge, you are not considerd Cyprus tax resident for that year. if you stay 183+ days then you can access the double tax treaty (if there's one) between your home country and Cyprus Can you explain what this means? If my home country dont challenge it...