Recent content by pchees

The UAE is not a member of the OECD (organisation for economic co-operation and development), and is not on any blacklist. The UAE is not dependent upon any other country i.e. a protectorate etc. The RAK offshore facility will refuse any request for information from an external party and they...

You can check out the United Arab Emirates which has an offshore centre in Ras Al Khaimah (one of the states). We have clients that are running online businesses from here and it is easy to setup. We can also recommend banks such as Barclays who can provide merchant account services. Of course...

Yes. As long as your IBC is outside the EU then companies invoicing you should not add VAT. If they do then I would write to them stating that you are not liable for VAT. The CEO of my company is German and he agreed that IBCs outside the EU should not be invoiced with VAT. I don't speak...

I agree with Admin. You should not have to pay VAT if your company is an IBC located outside of the EU. I am not an expert on German law, but this is definately the case in the UK If you search on the HM Revenue and Customs website you will find the information. I can't post the link...

It does seem to be a key point that most offshore tax havens have been forced to sign TIEA agreements, so how can you chose one? In the UAE the IBC centre refuses to discuss with anyone externally concerning offshore companies. The only way they would reply to a request is if it was through the...

Hi surender You make some good points, and in fact we're re-vamping our website based upon similar feedback. It's a little like a chicken and egg scenario. I want you to trust me, but how can I achieve that? I wouldn't expect someone to call me. They would send their telephone number and...

The fees are an issue, but watch out for companies who charge a small amount at the beginning and then impose further charges in the future which they didn't tell you about. Also as mentioned above, it is a two way service. We have to do due dilligence on you the client as well as you doing...

Hi I have a new possibility. Ras Al Khaimah, which is one of the emirates of the United Arab Emirates. You can set up an IBC in 2-3 days once they have the documentation. The area is politically stable. The currency (dirahm) is pegged to the USD at 3.65. Can get a business bank account...