UAE company advice needed

[Dandyline]

Ok. I will see what I can do. Thanks to everyone for the information.

Seems like you stress for no reason. Of course you need to move out of your country if you want to pay no taxes.

 

[Estek]

Hi.
I read some stories about that banks report police about strange activities in bank accounts and I thought that I can fell in trouble if I withdraw cash or send money from one account to another.

Then some people told that there are connections (CFC?) between countries and they (EE) know that I have company in UAE.

So I stressed too much and told in my post things that I shouldn’t. I am sorry for my behaviour and next time I need to think more by my own mind.

Just came to my mind from my previous experience:
I had a branch ( daughter-company ) last year in Latvia. Latvian banks didn’t want to open bank account because mother-company was not “resident”, so they treated it like non-resident and denied. I needed to put investments to Latvian-company and just withdraw funds from mother-company bank account. Then after some time my mother-company was audited and when I told why I withdrew funds, the tax inspector was very surprised that I have Latvian branch.
I am telling this that to let know that even between neighbourhood countries no info exchange who owns which company. Even this information is open.

Now I know what I need to do but I have damaged your reputation for no reason.

Next time I will be more tactful.

 

[JohnLocke]

Thread closed for further replies, looks like OP has answer to his questions.