Premium Advertising Partner 0% Tax PANAMA Offshore Company & 0% Tax Dubai Residence with NON-CRS Bank Account & Crypto Off-Ramp - DLS Offshore

[Fred]

Would there be any running costs for the Panama setup?

Yes - Panama Offshore Company Renewal with Nominee Director Service - 3000 EUR.

Like in the past we assist with maintaining the Company, keep providing dedicated Support for Bank KYC as well as consulting the client ongoing for Crypto Cash Out and how to operate based on his individual situation.

I added this to the initial Post now as well.

And who's name would the crypto exchange and Bank account be in?

We provide a standard Nominee Director Setup with local Panama Resident/Citizens as Directors and declaring the client as UBO.

If a full Nominee Director Setup is required including Nominee UBO we can provide this case by case as well. The question is always if it's really required. This can be determined in a Personal Call as I need to understand everyone's individual situation.

Will a shared IBAN be used for the bank account? Incoming transfers will be in the name of the Panamanian company, but it will be necessary to specify the Reference / Further Instructions / FFC field in the transfer, correct? Will outgoing transfers be made in the name of the company or the EMI?

Incoming Transfers will be in the name of The 0% Tax Panama Offshore Company - No shared IBAN, Reference Field or For Further Instructions - outgoing transfers will be made in the name of the Panama Company. It's a dedicated fully fledged Bank Account.

Very good question and this is one of the core benefits from the service we provide as having proper transactional Retail Banking for 0% Tax Offshore Companies is the main challenge you are facing in the Offshore World nowadays. With Panama we go on the edge of what's possible with 0% Tax, No Audit and No Accounting requirements while still getting proper Banking done. As far as you go more grey area like with Small Island Companies in Nevis or Marshall Islands the Banking possibilities are no longer existing and you either end up with Old School Offshore Banks without dedicated Wire Instructions like in Belize for Example or you have endless KYC like with Banks in Mauritius - talking a Personal Meetings Call for every single Transaction - or you are facing Accounting, Audit and Corporate Tax on the Company side.

Is it possible to find out more about this? The company I setup with you which is up for renewal does no trading nor ever has, and I only use it as a means of maintaining Dubai tax residence. I'd be interested in whether there were other options to do this?

In fact you are part of 50% of the DLS Dubai clients and for people like you we provide the Employee Residence Visa with USDT to WPS Salary Service - you can cash out up to 100,000 AED Basic Salary + 80,000 AED Bonus every month Tax Free while no longer having the Bureaucracy and Costs of Accounting and Audits including fillings you have right now with running a FZCO.

So, if I understand your setup, or rather, this package, correctly, it doesn't matter where I live; I can avoid having any activity and the equity of the company (which I have purchased from you) being reported to my home country?
I can also get a bank account for this company and use it for all business related activities?

Is that correctly understood?

That's correctly understood - for detailed explanation and for dedicated consulting visit our Website and send us either a E-Mail or shoot me a message on WhatsApp/Telegram/Signal.

 

[rofodomo]

In fact you are part of 50% of the DLS Dubai clients and for people like you we provide the Employee Residence Visa with USDT to WPS Salary Service - you can cash out up to 100,000 AED Basic Salary + 80,000 AED Bonus every month Tax Free while no longer having the Bureaucracy and Costs of Accounting and Audits including fillings you have right now with running a FZCO.

Sounds interesting, I've sent you a message on Whatsapp, as I would be interested in exploring this.

 

[PiersBlack]

In fact you are part of 50% of the DLS Dubai clients and for people like you we provide the Employee Residence Visa with USDT to WPS Salary Service - you can cash out up to 100,000 AED Basic Salary + 80,000 AED Bonus every month Tax Free while no longer having the Bureaucracy and Costs of Accounting and Audits including fillings you have right now with running a FZCO.

For someone in this situation (those keeping a FZCO only for residency purposes): how does your solution compare in terms of costs? Assuming no need for the Panama company. Only the Dubai residence visa/cash out part.

 

[Fred]

For someone in this situation (those keeping a FZCO only for residency purposes): how does your solution compare in terms of costs? Assuming no need for the Panama company. Only the Dubai residence visa/cash out part.

Received your message on WhatsApp - I can explain you there further in detail the Terms and Conditions

Compared to the 0% Tax Offshore Panama Company the 0% Dubai Tax Residence by Employment is nothing we provide on a Commercial Scale.

The 0% Tax Offshore Panama Company can be used to conduct Business Offshore with a Nominee Director Structure - this can be used to conduct you day to day Business as far as it allows you to conduct it with a 0% Tax Offshore Company or it can be used for Off-Ramping or On-Ramping your USDT to Fiat or your Fiat to USDT.

The 0% Tax Dubai Residence allows you to convert your USDT to a AED Salary - it's basically a handy USDT Off-Ramp to Fiat as a Salaried Individual in a 0% Income Tax Jurisdiction having Personal Bank Statements, Residence Visa, local ID Card and Utility Bill always on hand for Source of Wealth, Bank KYC or Crypto Exchange KYC Requests.

Basically that's the entire Setup I'm using fully myself since almost 1 year.

The structure can be advanced with Citizenship by Investment Passport with or without Name Change, Holding and Foundation Structures for your actually wealth.

A potential Setup could look like this:

0% Tax Panama Offshore Company with Nominee Directors for the Business
0% Tax Dubai Residence as Salaried Employee for the Personal

Millionaires can add the following:

0% Tax Dubai Holding Company with Switzerland Bank Account for Wealth Management/Investment

The Dubai Holding Company can be Setup with a Dubai Foundation you being a Beneficiary with a Citizenship by Investment Passport with Name Change for Diversification and Asset Protection.

 

[Clank]

I just want to clarify, the banking solution provided is some EMI like Currenxie that offers a Multicurrency account in Hong Kong or it’s directly with the bank?

 

[Fred]

I just want to clarify, the banking solution provided is some EMI like Currenxie that offers a Multicurrency account in Hong Kong or it’s directly with the bank?

Directly with the bank.

 

[JustAnotherNomad]

Yes, Panama is more streamlined and I was surprised myself.

What about the 0% UAE setups that are still possible? Did you ever look into those?
I mean you're still selling UAE-based holding companies, so it seems like you're not completely against Dubai?

Panama is full of Chinese and Subsidiaries of Chinese and Hong Kong Companies exporting on big scale to USA through Panama so this was the direction I was looking at when it came to the Banking.

Very interesting.

No there aren't and lately even the existing options like Wise, Mercury and Relay stop on boarding new clients unless you show some substance and actually really rent an office or having Millions of $ of turnover and especially when you operate in the EUR SEPA Area there are beside of Wise not really any options as most EMI's still avoid US LLC because of the reporting requirements and responsibility the EMI has to fulfill then. With 1-2M USD you can open a High Street Bank Account in the US however that's far far away from the Pricing and approach DLS Offshore is offering here.

I'm surprised you're saying that, it doesn't seem so bad?
A user here has also offered help with opening Chase business accounts for foreigner-owned US LLCs.
I have heard that some EMIs will want to see some kind of physical presence - but it doesn't even have to be in the US.

But I haven't researched this further, so you may be right.

Well it already starts with the Offshore Company Formation - in Panama we have minimal KYC requirements we basically only need a Passport Copy and a Company Name to start the Formation Process while Jurisdictions like BVI and Seychelles received a lot of heat in the past you have endless KYC already on the Company Formation

Ok. But US LLCs have minimal KYC as well.

Another important point is the Nominee Director Industry which is common and widely known in Panama and accepted by the Banks while other jurisdictions like Dubai and the UAE not having any clear understanding or even guidelines for Nominee Director / Shareholder Structures with certain Agreements.

If you still disclose the client as UBO (in most cases) - why would anyone need a nominee director/shareholder?

No we don't provide any Residence Services in any other Countries except the UAE - as mentioned earlier we only provide services and consulting for structures and setup we use by ourselves with great success and we are able to build a commercial service for it for people here in the forum.

I was only asking about UAE Golden Visas.

When it comes to the UAE Golden Visa the major problem is that back on the days when it was introduced everyone got approved even without a Bachelor Degree and now they tried to improve compliance and having some Indian Call Center calling Universities in EU you provide the Bachelor from to check and verify - the University in EU thinks it's a Spam Call and even if not they don't share to 3rd Parties in accordance to EU Privacy Policies.

The degree is part of the published criteria, isn't it?
What I meant was, assuming that someone can meet all the published criteria, would you help them with getting a Golden Visa? And do you have experience with this?
Because I have heard that Golden Visa applications can be rejected for all kinds of reasons that are not published.
For example, I think someone wrote here on the forum that the employer needs to have at least 10 employees in the UAE. This is not an official rule - but still, if the employer does not fulfill it, the Golden Visa won't be approved. Things like this. I don't know what other rules there are, if any.

Last question: What about the EU black list? Isn't this causing issues with EU-based clients? I would imagine that many EU-based clients wouldn't want to make payments to a company in Panama.

 

[sebastian]

Good to have you back Fred, always a pleasure to have you around OCT!