I Need Cheap Dubai Company, must protect money!

[cameleon]

I have one new problem now, friends... I need company in Dubai, but not one that cost me whole fortune, eh? I have only seventy thousand euro, I must move them into company, to make, you know, protection... from creditor!

Creditor is... how you say... other company, and also tax office.

Or maybe, you tell me, is better way? No company, but still make protection?

 

[daniels27]

Who owns the money? You? They may still try to take the company money.

But only 72000 EUR? Just go to the bank, get paper (or gold), did a hole in a friend's garden and good. Bitcoin would be an alternative.

But a company for that much money is not worth it

 

[brianK]

UK Ltd with imaginary friends appointed will do the trick, quick and nicely protected if done right.

 

[bubbledouble]

What's wrong with the providers i.e. emiratessetup and Dubai provider with the AD thread ?

 

[daniels27]

What's wrong with the providers i.e. emiratessetup and Dubai provider with the AD thread ?

He has 70k EUR to protect. After 10 years of protection, the service beocmes obsolete.

 

[JohnnyDoe]

Buy xmr

 

[bubbledouble]

He has 70k EUR to protect. After 10 years of protection, the service beocmes obsolete.

I just answering his first question in regards to Dubai.

Whether it’s worth it or not isn’t something I can comment on, that’s his own decision. It might also be that over the years he ends up with more money he needs to protect, in which case a Dubai setup could very well be worth it.

 

[Clank]

I don’t think a Dubai setup will give you much protection against creditors. There are jurisdictions with better protection such as Nevis or Cook Islands that exactly work for these cases.

For an LLC the best jurisdiction currently is Nevis for asset protection. Cook Islands is more often used for trusts.

Nevertheless with such a low amount I doubt you will have many options for brokerages. You will be able to open a Currenxie account and maybe an IBKR account.