I need assistance with my offshore structure.
I currently live in a high tax country in EU (Germany) and have an existing business, which generates 10-20k / month. I am using a WY LLC for it.
My plan is to create a company in UAE (Freezone) in order to get the visa and to avoid CRS ( i know that USA is not participating, but you never know). The UAE company shall then bill the WY LLC to receive the monthly generated revenue.
The UAE company will have to pay my salary (I will open a private bank account in UAE).
I will then use the money to invest in real estate in the UAE.
I dont plan to live in UAE, I will live in different countries, so that i don't trigger tax residency anywhere else.
My questions are:
1. Does that plan have any vulnerabilities I didn't think of?
2. What Freezone shall I use for that setup and what license should I consider to get? I read, that "consultancy" is often problematic.
3. Could I invest through the UAE company directly in real estate or would those real estates or the rent from them then be taxed?
I would be very happy, if someone could answer my questions and I am open to any other suggestions, too.
I currently live in a high tax country in EU (Germany) and have an existing business, which generates 10-20k / month. I am using a WY LLC for it.
My plan is to create a company in UAE (Freezone) in order to get the visa and to avoid CRS ( i know that USA is not participating, but you never know). The UAE company shall then bill the WY LLC to receive the monthly generated revenue.
The UAE company will have to pay my salary (I will open a private bank account in UAE).
I will then use the money to invest in real estate in the UAE.
I dont plan to live in UAE, I will live in different countries, so that i don't trigger tax residency anywhere else.
My questions are:
1. Does that plan have any vulnerabilities I didn't think of?
2. What Freezone shall I use for that setup and what license should I consider to get? I read, that "consultancy" is often problematic.
3. Could I invest through the UAE company directly in real estate or would those real estates or the rent from them then be taxed?
I would be very happy, if someone could answer my questions and I am open to any other suggestions, too.
