A few years ago, I tried to register a BVI company, but the documents they required were absolutely ridiculous, and they needed a lot of information. I ended up abandoning the process along the way because it just became too complicated.
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0% Tax Offshore Company
- Thread starter GiveMeFreedom
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Well, that`s why legal assistance providers exist... So that you don`t have this headache and get your company opened in a few days
And, believe me, BVI is one of the easiest jurisdictions to open a company
And, believe me, BVI is one of the easiest jurisdictions to open a company
Dubai is the best place for 0% tax if you read the threads of which there are many here about Dubai company registering and taxes.
Did you find this 0% solution for your offshore company plans and personal tax planning in general ?
Did you find where to setup company with 0% corporate tax? Dubai is the first place to look I think ?
You should look towards places where the cost of living is relatively low and where the tax system aligns with your expectations. 0% tax is possible, but the standard of living is typically very poor if you only earn 250K annually. You should expect to pay some taxes and social contributions until you earn around 1M EUR annually and can potentially move to countries like Monaco or similar.
Can you tell me what you figured out. I'm planning to relocate to Dubai for 2 - 3 years in 2025 - doing personal stuff only so no tax to be paid. ??
Wow, there is a lot of really bad information here.
UAE is 9% now, not 0%.
OP should first clarify what kind of income it is.
If it is US-sourced royalties, then you'll want to be in a treaty country. Someone here mentioned Georgia for cases like that.
UAE is 9% now, not 0%.
OP should first clarify what kind of income it is.
If it is US-sourced royalties, then you'll want to be in a treaty country. Someone here mentioned Georgia for cases like that.
Why would you do that when you can pay 5% in Malta?
At 10%, you can use a Swiss company (well, close, I think the lowest is 11-12%), which has much better reputation than Bulgaria.
Some advice here is good, but you need to consider, on top of this, banking and how to exit. Indeed, many of those places have either incompetent or risk-averse banks, so you might not be able to cash out when you want to settle elsewhere.
Dubai is good and widely used for this and did retain their business after announcing a tax hike because it had an acceptable financial infrastructure. The opposite is countries like the Seychelles and related islands, where you'll have to deal with the most shady/expensive banking providers (hello Advcash) if you want access to a bank account.
Dubai is good and widely used for this and did retain their business after announcing a tax hike because it had an acceptable financial infrastructure. The opposite is countries like the Seychelles and related islands, where you'll have to deal with the most shady/expensive banking providers (hello Advcash) if you want access to a bank account.
Yes you are right but there is still speculation that it could be pushed onto other corporates too, plus dubai is not a full online incorporation system it requires vistation or a local resident agent to get certain works done for initial setup
The 15% tax stems from the OECD's global minimum tax initiative (https://www.oecd.org/en/topics/sub-issues/global-minimum-tax.html).
The UAE is currently working to align its policies with the OECD framework and guidelines.
Small companies are not in scope by the OECD right now .
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