year capital eoy eoy net dividend dividend net
1 1000000 1250000 1250000 60000 51000
2 1190000 1487500 1487500 60000 51000
3 1427500 1784375 1784375 60000 51000
4 1724375 2155469 2155469 60000 51000
5 2095469 2619336 2619336 60000 51000
6 2559336 3199170 3199170 60000 51000
7 3139170 3923962 3923962 60000 51000
8 3863962 4829953 4829953 60000 51000
9 4769953 5962441 5962441 60000 51000
10 5902441 7378052 7378052 60000 51000
net: 5854441
net dividend: 4976275
year capital eoy eoy net dividend dividend net
1 1000000 1250000 1218750 60000 60000
2 1158750 1448438 1412227 60000 60000
3 1352227 1690283 1648026 60000 60000
4 1588026 1985033 1935407 60000 60000
5 1875407 2344259 2285652 60000 60000
6 2225652 2782065 2712513 60000 60000
7 2652513 3315642 3232751 60000 60000
8 3172751 3965938 3866790 60000 60000
9 3806790 4758488 4639525 60000 60000
10 4579525 5724407 5581297 60000 60000
year capital eoy eoy net dividend dividend net
1 1000000 1250000 1225000 60000 54000
2 1165000 1456250 1427125 60000 54000
3 1367125 1708906 1674728 60000 54000
4 1614728 2018410 1978042 60000 54000
5 1918042 2397552 2349601 60000 54000
6 2289601 2862002 2804762 60000 54000
7 2744762 3430952 3362333 60000 54000
8 3302333 4127916 4045358 60000 54000
9 3985358 4981698 4882064 60000 54000
10 4822064 6027579 5907028 60000 54000
year capital eoy eoy net dividend dividend net
1 1000000 1250000 1225000 60000 57000
2 1165000 1456250 1427125 60000 57000
3 1367125 1708906 1674728 60000 57000
4 1614728 2018410 1978042 60000 57000
5 1918042 2397552 2349601 60000 57000
6 2289601 2862002 2804762 60000 57000
7 2744762 3430952 3362333 60000 57000
8 3302333 4127916 4045358 60000 57000
9 3985358 4981698 4882064 60000 57000
10 4822064 6027579 5907028 60000 57000
Are there any benefits trading your personal assets through company vs. individual? If you have UAE residence visa through freezone company formation (0% corporate/personal taxes) it doesn't matter, right? With company you have to open corporate brokerage account, more paper work, sell assets in your personal brokerage account, transfer assets to corporate brokerage account, you also have to pay professional rates (data fees...etc.). In case you want to change residency or UAE adopts mandatory accounting for companies, things can get much more complicated. I assume it's also much easier to open secondary backup personal bank account abroad vs . corporate bank account.The easiest and most affordable way to achieve your goal is to setup a Dubai Company, get the Residence Visa through the Dubai Company and get a local Business Bank Account for your Dubai Company.
Once this is setup you can open an Interactive Brokers Account in the name of the Dubai Company and the only thing they care about is that the money is coming from a real physical Business Bank Account in the name of your Dubai Company.
The process is pretty fast and straightforward and UAE is working with IBKR pretty well - they just want to see every year updated company documents or if something has changed to the Dubai Company itself.
They accept Personal Bank Statement from UAE bank so you even don't need to live the whole year in the UAE. You are only required to come 1 day every 6 months to the UAE to keep this setup working.
I recommend you this setup for your financial center and to live in some of the countries you mentioned like Georgia, Cyprus and Malaysia or you simple register nowhere for residence and simple travel around as you have your financial center in UAE anyway. This is working till the very end even for having 10m+$ and going with some Private Bank in the DIFC here in Dubai as the residence is getting less and less important for the banks once you reach significant figures (5m+$).
As always the UAE side is pretty simple and solid so once you have your UAE setup you need to check with local tax advisor of let's say Cyprus, Gerogie or Malaysia what's additional required for your Dubai Company Setup to satisfy the local tax authorities of the beside countries.
It depends.Are there any benefits trading your personal assets through company vs. individual? If you have UAE residence visa through freezone company formation (0% corporate/personal taxes) it doesn't matter, right? With company you have to open corporate brokerage account, more paper work, sell assets in your personal brokerage account, transfer assets to corporate brokerage account, you also have to pay professional rates (data fees...etc.). In case you want to change residency or UAE adopts mandatory accounting for companies, things can get much more complicated. I assume it's also much easier to open secondary backup personal bank account abroad vs . corporate bank account.
Am I missing something?
Does IBKR also request proof of address for company's Ultimate Beneficial Owner (bank statement of personal account at UAE bank)?Especially speaking for Dubai Company it simply makes sense to have everything under the Company as many people having Company in Dubai are travelling around so Proof of Address can be much more difficult.
Like mentioned before Dubai Company with IBKR Company Account is a closed working system as the UAE bank doesn't need a Proof of Address like you know it from EU and IBKR accept the Bank Statement of the local UAE Company Account - even Flexi Desk.
Yes.
For those of us who are relatively new to the forum, do the moderators provide an explanation of why they deleted a post -- so that members can learn, if they inadvertently make a mistake? Alternatively, is there some type of warning system that accomplishes that same goal?so my posts are being deleted. so i guess i bid you all good day and admins can go f**k themselves. consider this request for content and account deletion...if you abide by the rules.
Cyprus company is probably the easiest for simple trading activities.overall the purely cyprus solution is the easiest, fastest and cheapest one there is. unless you rely heavily on dividends. you can set it up so you live there only two months per year so it gives you the most freedom...unless you would like to live full time in malaysia, for example. it comes down to personal preference. and there is still a chances that you could trade without a company and pay 0% CGT. but this is presently disputed and there is no official statement yet.
Yeah, what happened ?For those of us who are relatively new to the forum, do the moderators provide an explanation of why they deleted a post -- so that members can learn, if they inadvertently make a mistake? Alternatively, is there some type of warning system that accomplishes that same goal?
Obviously, if you create a thread on how and why to send cash to North Korea, no explanation is necessary, but not everything is so so clear cut.
Glengoolie was banned after complaining that the moderators deleted some of his posts. Obviously, he handled it poorly and cursed at them rather than asking for some type of explanation as to why his posts were deleted.Yeah, what happened ?
The easiest and most affordable way to achieve your goal is to setup a Dubai Company, get the Residence Visa through the Dubai Company and get a local Business Bank Account for your Dubai Company.
Once this is setup you can open an Interactive Brokers Account in the name of the Dubai Company and the only thing they care about is that the money is coming from a real physical Business Bank Account in the name of your Dubai Company.
In the way we do the setup - no.Fred, a question regarding this. Does this Dubai Company need to maintain financial records, do accounting and have them audited every year?
No - the Company Formation grants you the Residence Visa that gives you access to the local UAE Bank Accounts.Is there a way to bypass company formation, and operate under a personal account? Open a bank account in your own name, then get a Interactive Brokers Account, and move money from your bank account to the Interactive Brokers account? Would this make it easier by skipping the need for accounting etc?
There are better options as wellCyprus company is probably the easiest for simple trading activities.
0% tax setup with around 4k annual costs.
The setup would be a dubai free zone righ?In the way we do the setup - no.
No - the Company Formation grants you the Residence Visa that gives you access to the local UAE Bank Accounts.
Exactly. But take care the above is only valid for the Freezone we work with. Not all Freezones are the same.The setup would be a dubai free zone righ?
I know....there are freezones where you cannot get a simple bank account ...Exactly. But take care the above is only valid for the Freezone we work with. Not all Freezones are the same.
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