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

[JustAnotherNomad]

Dubai based Holding Companies are Corporate Tax exempt

Yes, if they fulfill the substance criteria. Which, as far as I understood, means having qualified staff who actually work from the free zone. You can no longer register your company in a free zone, but work from downtown Dubai etc.
Of course it's not clear how much this is checked, but those are the rules now.

and at the same time you still have 0% Personal Income Tax - if you live off from your Capital Gains or play it smart with the 0% Tax Panama Offshore Company and the USDT to WPS Salary with a Employee Dubai Residence Visa you can still achieve 0% Tax.

But how do you get the money into the Panama company if invoices from Panama are not deductible for your clients?

In regards to the Nominee Directors mentioned, Panama Offshore Company requires at least 3 Directors - most of our clients are Business with 1 or 2 owners so we provide local Panama Directors to satisfy the local Panama requirements.

Ok.

Some Clients require a full Nominee Director Setup with all Directors and Shareholders being provided by DLS Offshore and we work then with a Nominee Director / Shareholder Agreement. In this case we use one time EU Citizen Nominee Shareholder at a custom price depending on clients requirements and Nominee availability.

So then the UBO won't be reported?

Another important aspect is if the Client is based in a Country with CFC Rules or other Regulations - we avoid this by using a Full Nominee Director Setup as well.

So not even the bank will know who owns the company?

By the way, are you not worried that this could lend yourself in hot waters? Complicit in tax evasion, money laundering etc.? I understand your intentions are good, but what if someone turns out to be a drug dealer or sanctioned person? How are you protecting yourself against this?

There are lot's of use cases for Nominee Directors (IMPORTANT: DLS Offshore is not providing s called Nominee Bank Accounts with 100% Privacy which basically is nothing else then picking homeless from the street and let them open a Bank Account an selling in here in the Forum) but our standard Nominee Director Setup is to full fill the local Panama Director requirements of having 3 Directors in Place.

So the bank will know who the UBO is? So we're back to relying on the account not being reported under CRS (pooled account + Dubai residency)?

I recommend everyone to use at least the One Time Free Consultation Call with me to get a better understanding from our offering - there is no longer the One fits All Solution in place in 2025.

Are you still based in Dubai yourself?

 

[Fred]

Do you have a ruling that this is sufficient?
I'm asking because I have heard that the FTA does not issue advance rulings. You can only set something up and hope that it works - and only after the tax year is over, you can ask for a confirmation that it was actually fine.
Also, if you don't do anything and just hope it will be fine - they allegedly like to audit companies just before the statute of limitations expires, and the fines are crazy (3x the tax you owe or something).

What if you don't need the Swiss bank account? Would it lower the cost?

As mentioned before I did it myself and using it successful since almost 3 Years now - Holding Company registered for Corporate Tax and Confirmation of being exempt from 9% Corporate Tax already received otherwise I wouldn't mention it here.

A local UAE Bank Account for the Holding Company would rather make it more expensive as you don't have a proper and streamlined Compliance with the local UAE Banks - if there is no Bank Account required at all you just go with any random Corporate Service Provider who is selling you a license - honestly speaking if it's only about setting up a Holding Company the service DLS Offshore provides would be an overkill.