Recent content by Roamer

I have big experience with that since 2014. The hardest part is not so much which tool to choose for project management and team hub (ClickUp vs Asana vs ABC v DEF...) The hard part is coming up with solid SOPs that you then need to hire people to follow. And turnover is huge since there is no...

In the UK, the Corporation Tax increases to 25% from 2023 (in three months).

I see where your head is at but don't even bother unless you're making seven-figure in profits or at least 500K GBP. This is because whilst the snake oil salesmen will encourage you to set up another shop in a very "attractive" country, you will be the only one having to endure the burden of...

Read on up: Central Management & Control Controlled Foreign Companies Place of Effective Management Transfer Pricing BEPS Essentially, you're dreaming (not a huge deal, we all have when first looking at this things). If you remain resident in your high-tax country, your Dubai company will be...

Not sure what nonsense is being talked about here but please follow JustAnotherNomad's advice. You will not fool HMRC. Corporation tax will be owed in the country your exercise central management and control – i.e., where you are In case UK and Estonia fight for your corporation tax dollars...

You're totally right — it's moreso a convenience point that I was making! Basically, transfer enough to your hot wallets so that you don't have to use your hardware wallet "that" often. Some peeps use two hardware wallets, one for cold long-term storage and another one for more frequent use...

I think most active crypto enthusiasts/traders have a tiered setup: hardware wallet for cold storage (long term holdings, extra care to be taken) metamask and the likes for hot and active trading (actively being used for trades, swaps, IDOs) centralized exchanges (binance, coinbase, kraken) to...

And more to come – Payoneer Selects Mastercard to Offer Digital Solutions to Small and Mid-Sized Businesses

Any specific UK ones you would like to share? Mostly about moving the co to the Channel Islands, and its tax residency (i.e. CMC, hire a solid and credible board of directors, etc).

How do you deal with central management and control? Or you mean move both the company and yourself to these jurisdictions?

If you are both in the UK and managing the company from the UK, your company –regardless where it is registered – would be tax resident in the UK, and therefore pay taxes in the UK. Read about "corporate tax resident" and "central management and control".

The original poster said he needed to hire somebody locally to be (read seem) legit to his home jurisdiction, UK. I understand you push UAE whenever you can but let's make it make sense to the OP. And yes, UAE is awesome and if he can afford somebody competent locally then he probably should...

I was not talking about running costs, I was discussing the cost of having substance in UAE (for the most part, an office and a legitimate director).

Intense. Some may say expected. Yet, is it the straw that will break your camel's back?

Got it. If you can go the LLP route it would be better and easier. You still have to open a bank account with it and explain the sources of your LLP's revenue, but it should be fine especially with no line of credit (which I believe is forbidden now for gambling anyway). Are your gambling...