Hi All,
I am fairly new to this and any help would be greatly appreciated, I would like to apologize beforehand as i am asking for help on my first post.
Background:
I am setting up an FX brokerage on South Africa with a few Shareholders, with my steak being 51%. The trading company is set up in south Africa as it is easier to obtain a Forex license there. I am a resident of the UK.
I am also able to apply for Dubai Residence at any time.
Questions:
1)Would it be wise to set up an offshore holding company which will own the 51% of the South African Entity?
2) If yes, what Jurisdiction would be best?
3) Do you have any recommendations/services for the company formation (there are so many online, don't know which to use) which will also help to open a bank account.
I am looking for the most cost effective and tax efficient options, any help and advice would be greatly appreciated.
Thanks
K
I am fairly new to this and any help would be greatly appreciated, I would like to apologize beforehand as i am asking for help on my first post.
Background:
I am setting up an FX brokerage on South Africa with a few Shareholders, with my steak being 51%. The trading company is set up in south Africa as it is easier to obtain a Forex license there. I am a resident of the UK.
I am also able to apply for Dubai Residence at any time.
Questions:
1)Would it be wise to set up an offshore holding company which will own the 51% of the South African Entity?
2) If yes, what Jurisdiction would be best?
3) Do you have any recommendations/services for the company formation (there are so many online, don't know which to use) which will also help to open a bank account.
I am looking for the most cost effective and tax efficient options, any help and advice would be greatly appreciated.
Thanks
K
