Day: 9 January 2023

Published 6 articles
How Is Dubai So Rich Without Taxes?

How Is Dubai So Rich Without Taxes?

We all know that the UAE is a rich country, and it offers really low tax rates which attracts a lot of immigrants. The logical question people ask is how it can be that the country does not get much from taxpayers and offers excellent living conditions and infrastructure. In this article, we will answer this question by giving you a brief overview of the UAE’s taxation system and the sources of the country’s wealth. We will also talk about the path toward UAE residency status and changes in the country’s taxation expected in 2023. Read the article to find out more details about this remarkable state!

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Why You Should Start an Offshore Company and How You Can Do It

Why You Should Start an Offshore Company and How You Can Do It

Some time ago, offshore business was associated with money laundering, tax evasion, and other illegal practices. Today, an offshore company is simply a company incorporated in a country that is different from the country of its founder’s legal and tax residence. A foreign company. What makes the opportunity to register an offshore company attractive is that some jurisdictions offer tax incentives and asset protection mechanisms that are not available elsewhere.

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What Benefits and Risks Are Associated with Setting Up an Offshore Trust?

What Benefits and Risks Are Associated with Setting Up an Offshore Trust?

People set up trusts for various purposes, asset protection and inheritance planning probably being the most popular ones. Some choose to create trusts in foreign countries rather than at home hoping to enhance the protection of their property even further. However, depending on the country, there can be some restrictions in place that can affect the efficiency of your foreign trust.

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Top 10 Benefits and Reasons for Offshore Company Formation in 2023

Top 10 Benefits and Reasons for Offshore Company Formation in 2023

The top 10 reasons for offshore company formation are driven by incentives in terms of geography, ease, costs, taxation, privacy, asset protection, internet and banking infrastructure, capital requirements and reporting. 2023 can be your great year to form an offshore company.

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Optimal Forms of Company Ownership for Spouses from Taxation Point of View

Optimal Forms of Company Ownership for Spouses from Taxation Point of View

You have a choice of company ownership structures if you would like to go into business together with your spouse. You can form a joint Sole Proprietorship and then the married couple will be considered a single person for legal purposes. You can also start a Partnership, an LLC, or a Corporation. Sole Proprietors and Partners have unlimited liabilities while the owners of LLCs and Corporations have limited liabilities.

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