Recent content by openlaw

I'd add this is arbitrary as anti-abuse rules (that excessive salary cannot be deducted as expenses) are just some months enacted in legislation. So there is no any precedent case law, moreover no any public tax check results.

UAE does not have reverse VAT, neither with UAE, neither with other countries. Moreover 0% VAT and Vat exempt are not options, these are different regimes. Well and for importing services it's definitely under general rule of place of supply: you are customer then your place is the place of...

Just found this thread. Well, please see primary sources, not some thoughts. Cyprus and USA have DTA (double tax avoidance treaty). The rate for withholding tax for royalty type of passive income is 0 (zero) percent. All cyprus companies receive full remuneration from Google, Apple etc. No any...

Try more generic words like distribution (which is true 100%) and remuneration (which is not true in fact) And try to send not big amounts at the start, then more and more.

I have a experience to use them as SoF in 2nd and 3rd world countries very well. But in EU, USA - they dont' work well.

Hey, Lenodroid, Payoneer will help you to have EU receiving account (Banking Circle's Luxembourg IBAN). They have small FX fees and they even have receiving AED account in Standard Chartered. But outpayments to external bank account should be in EUR or USD, not AED.

Can you confirm that this automatically prevents information to be transferred by UAE (emirate) govt? AFAIK, certificate of residency will be issued after 183 days of real stay in UAE in 2022. And already there are some refusals of issuance for people that were in UAE 1-30 days. One fact doesn't...

I think useful to quote this section in commitments list as of 5th January 2022 : DEVELOPING COUNTRIES NOT ASKED TO COMMIT AND THAT HAVE NOT YET SET A DATE FOR THE FIRST YEAR OF EXCHANGES (41) Algeria, Armenia, Belarus, Benin, Bosnia and Herzegovina, Botswana, Burkina Faso, Cabo Verde...

First of all, in mentioned prosecution of ZKB it was real conspiracy: Plus, it was 2002-2009. There were even Second, there many cantonal/regional banks. Third - yes, you're right, US citizenship is red flag for European banks, but I said try to look, not immediately go and open. I'd also...

Try to look Germany, Swiss cantonal (regional) banks. Italy and France regions seems solid too for your suits. They are even A or AA stable, they don't play credit and derivatives games.