Author:Joseph PlacePublished:09 January 2023
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
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Author:Joseph PlacePublished:09 January 2023
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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Author:Joseph PlacePublished:09 January 2023
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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Author:Joseph PlacePublished:09 January 2023
The level of corruption in various European countries. Best examples of combating corruption in Europe. Most relevant corruption markers.
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Author:Joseph PlaceUpdated:23 April 2026
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. 2024 can be your great year to form an offshore company.
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Author:Joseph PlaceUpdated:18 January 2023
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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Author:Joseph PlacePublished:04 January 2023
A holding company is a valuable instrument that can be applied in different situations, and rich people often create this business structure to take advantage of its benefits. First of all, a holding company can be used to protect assets, and this is essential if you have wealth. The structure will also help you reduce the tax burden and safely invest in startups (you will not be liable with all your assets in this case, just with the amount invested). You can optimize your expenses, divide your
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Author:Joseph PlaceUpdated:13 January 2023
When you create a trust, you legally surrender the property that you own to the trust. Because you are not the owner of the property any longer, there can be no legal grounds to take it away from you. At the same time, the Trust Deed specifies all the conditions on which the entrusted property shall be managed and you can continue to benefit from the property enjoying the high level of protection that the trust brings.
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Author:Joseph PlacePublished:04 January 2023
Startup and business choices in 2023. Industries with the highest failure rate: administrative services, garbage removal, information industry, art, and entertainment. Successful business tips: vending machine business, laundromats, rentiers – residential and office real estate rentals, warehouse management, transport companies, agricultural enterprises, and dump truck services – business potential in facts and figures, failure rate included.
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Author:Joseph PlaceUpdated:07 June 2023
Elite 3-bedroom villas in the UAE from Damac Properties: an investment in luxurious property at a low initial price. Expert advice and support in buying real estate and getting permanent residence in the UAE.
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