This Place is Better Than Dubai? (Offshore Company Formation)

[@eliotgoodfellow7294]

UAE said they'd be tax free for 50 years, after circa 15 years they've changed it. Likely the 9% is a starter and will change again from there.

[@Hasanaljadid]

Nope.9% is staying for long time

[@tomw3102]

would be totally fine, but their banking sucks! and all infastructure is ass i found

[@relaxandlivelife7093]

@@tomw3102spaghetti junctions every where

[@patrick1992]

In 2-3 years you will also have a income tax. Minimum in the hight of the minimum 15% worldwide minimum tax so probably first it will be 6%.

[@AlphaConviction]

It's 9% on corporate tax about 375k Dirhams ($100k USD), no personal income tax

[@kenlewis2253]

Begins at 4:25

[@MrOJohn]

Thank you

[@grammakov]

God bless you bro

[@martinenej3109]

Yeah this guy beats around the bush too much

[@cryptoflippodcast]

thanks

[@spacewalktraveller1]

Thanks for the video, it was interesting, I never thought of Qatar. Geneva is a nice looking city but it's a total bore to visit.

[@BironClark]

Nice info. Thanks

[@StevenYevski]

Bahrain doesn’t have any taxes on corporations.

[@WallStreetIceCream]

Surprised the condos in qatar are more expensive than in uae

[@Rogaline]

does Qatar have the same obligations as UAE in terms of the owner has to have a resident visa that requires the presence once every 6 months ?

[@YCAPofficial]

Really useful, but would be helpful to know the cost comparison with Dubai companies.

[@Ishe1985]

Its a great option, qatar also relaxed their rules on crypto. Not sure if forex trading falls into the free zone category but something to consider as i am thinking to relocate to the middle east.

[@lorenk.775]

Be ready for sharia laws and very conservative culture if you move there!

[@manni192]

@@lorenk.775 Preferable than criminals getting lenient sentences and degeneracy being taught in schools in western countries

[@KorathWright]

Awesome!

[@OffshoreCitizen]

Glad you think so!

[@pavelsokov]

Why not Bahrain?

[@gscLDH]

It’s not abt 9% tax , security , business friendly, liberal , infrastructure, housing that’s why UAE wins over Qatar. Even at 10% Dubai will keep growing.Ease of doing business and brilliant Banking .

[@RomilCPatel]

Even a lot of that can be found elsewhere. You mention ease of doing business but managing a UAE company is a pain in the butt and there are jurisdictions that will ask for less paperwork and diligence for forming and managing a company. Similarly banking in the UAE is overrated; better banking to be had in Hong Kong and Singapore. And lot of the other things you mentioned such as security, business friendly, liberal etc. other GCC countries also have; Bahrain will have all the same things you listed in the beginning. Not saying the UAE is bad but definitely overrated compared to alternatives.

[@burnastro9599]

Banking in UAE compared to Switzerland is very weak

[@lorenk.775]

🤣🤣🤦🤦 Liberal?! Wtf you mean by "liberal" for U.A.E. and any other countries in that region?! They still have sharia laws in the books!! Liberal compared to where?! They are all similar in that Gulf region!!

[@Bcbweb]

@@lorenk.775 Yes but they have a stratified society where Westerners are allowed to live a pretty standard liberal lifestyle, minus exuberant LGBT things (which is a pro for some people leaving the West)

[@smvstyle]

Uae banking is one of the worst. Run by bunch of clowns 🤡

[@lorenk.775]

They are all similar in that Gulf region, excluding Iran of course.

[@c3lin3dj19]

Wouldn't Cyprus be a better option than all the ones you listed? Low taxes, lower rent, better weather, much lower cost of living and permanent residency options. Also, their legal system is based on the British Legal system which all youtubers should mention.

[@jeremyleonbarlow]

Cyprus can be beneficial, but it has a 12.5% tax rate and it's banking options are not the best. There is a very good option which can be zero tax, even though it's headline rate is much higher, and it has one of the world's best collection of tax treaties. It also has a tax treaty with the US which could allow a significant owner who is not living in the country to get around the limitation of benefits rules if they built a company that becomes traded on a recognized stock market which could be quite useful as compared with many other jurisdictions even with tax exemptions like Cyprus Non-Dom regime because it would allow a non-resident to benefit. That country is Switzerland. If you have no operations in Switzerland and you structure your operations at permanent establishments in highly tax favorable places like Bermuda, Bahamas, Cayman Islands, Vanuatu, the British Virgin Islands, Anguilla, the Isle of Man, Jersey, or Guernsey, you are allowed to source profits to the jurisdictions where you do operate permanent establishments even zero tax jurisdictions. All of those jurisdictions allow branches of foreign corporations to operate in their jurisdictions. Such branches as foreign tax residents have no issues with the economic substance rules of those jurisdictions which the EU, and OECD have imposed. Switzerland has top tier banking and has better shareholder information protection than just about anywhere. Swiss companies are expensive to set up I mean 100k Francs for a Societe Anonyme, or 20k Francs for an SARL, but if you have the money, you get all kinds of tax treaty benefits from Switzerland's vast network of treaty countries. You can also I believe potentially take dividends out of such a structure after a zero tax rate at a withholding rate as low as 5% if you use the right holding company structure. That structure would be relatively pricey to maintain as well, but if you built a public company that was making say €600 million annually, just enough to stay below the new global minimum tax for corporations, but a sizeable amount none the less, you would have one of the most tax efficient structures in the world.

[@tomw3102]

same as IOM, has UK banks, can use all uk payment processors too!

[@patrick1992]

​@@jeremyleonbarlowso is the swiss company basically a holding company? How you will get bank accounts for all this operational offshore company's? No EU Company will accept a invoice from BVI 😂

[@thunder881]

Yes it is, and i would prefer Cyprus over a middle eastern country but still it is not tax free

[@StevenYevski]

If you in banking there are 20-25% taxations in UAE

[@CreepyTrendMan]

What is the best Country for a Day trader able to compound extremely fast ? UK is where I'm from but that's 50% ,culture is in a huge down trend and the weather is ..... . Thailand where I live now is 35% but You don't get anything in return apart from the Country itself wich is wonderful but 35% of all profits .... emmmm doesn't sit well . NO way would I want to live in UAE. Married and have a 7 year old . In a bit of a pickle lol.

[@jeremyleonbarlow]

Cayman. It's entire ecosystem is built around fund management and trading.

[@RomilCPatel]

You could do spread betting or CFDs in the UK which is considered gambling so it’s tax free. Also if you’re British you can go next door to Ireland with no visa required which only taxes money you bring in on remittances.

[@c3lin3dj19]

Cyprus for sure

[@TheOrangeGunner]

​@@FrozenSkyy you are right there. But Thailand is working on plans for WW taxation. Plans that may or may not happen.

[@Downsize1940]

Cyprus has no tax on trading income

[@sgkenswil]

From experience, Qatar is not popular for a reason.

[@FighterFred]

Everything is not tax, there is also cultural heritage and political risk. If there is a global war, all those muslim countries will be on the opposite side in relation to the West. Add to that, several muslim countries finance islamic invasion and mosques in the West. The US has enormous problems which will escalate if Harris becomes president. That leaves a few European countries. The UK is gone, France and Germany as well. The Med countries are for holidays and not business. Sweden is lost due to muslim immigration. So which country remains?

[@CreepyTrendMan]

Russia.

[@sonny8085]

Careful your tin foil hat doesn't fall off there Fred 🤪

[@lorenk.775]

😆🤣😆🤣 Islamic invasion?! Where is that taking place?! This is similar to how some Mexicans and Costa Ricans say they're being invaded by people from U.S.A. and Canada just bcoz many western foreigners decide to retire or live there!! And Sweden has had a right wing government for a while now!

[@CreepyTrendMan]

@@lorenk.775 Gun and Rape crime is in a parabolic uptrend in Sweden..... oh I wonder why?

[@DarkLieutenant-uy2ev]

Muslim countries like UAE are out of the question. Many of us would prefer not to live under Arab rule. Any action could be interpreted as illegal, in which case Sharia law would apply.

[@eternalchief1924]

Muslim countries like UAE are out of the question. Many of us would prefer not to live under Arab rule. Any action could be interpreted as illegal, in which case Sharia law would apply.