DrKlau, I just posted my situation on another thread UAE offshore company, Cyprus corporate bank. How does EOI work? but your situation seems quite similar to what I have been recommend so perhaps you can kindly advise.
Is it correct that the UAE free zone company gives you residency visa and can this benefit in declaring your tax residency to the bank?
Did they advise you open personal bank account or only corporate?
What were the approx. set up and ongoing costs of the free zone company? My offshore company is in RAK and whilst cheap to set up the second year fees are more than double what I was quoted. According to the agent this is due to the additional filing requirements introduced in 2018 and the need for audited statements as you rightly refer to. Or they could just be ripping me off!
Thanks