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/biz/ - Business & Finance

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16792317 No.16792317 [Reply] [Original]

Im an Eurofag that run a business since 10 years ago and is tired of paying taxes to a government that uses it to finance feminists and open my country to more emigrants.

I thinking about to create an offshore company and accept payments through paypal, crypto and card.

In the Emirates (UAE) it is possible to create a company between $ 500/1000 and is tax free.

Do you think it is dangerous to do this? I fear that my government can discover me and ruin my life (more)

>> No.16792336

>>16792317
>tired of paying taxes to a government that uses it to finance feminists
>and open my country to more emigrants.
>so I want to give tax money to DUBAI

>> No.16792349

>>16792336
Offshore companies are tax free

>> No.16792361
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16792361

>>16792317
No u r offshore

>> No.16792367

>>16792336
ZERO taxes in Dubai except for a 5% VAT that was added recently to certain goods

>> No.16792383

>>16792317
>is it dangerous to do this
No, but let us know for sure after you do it.

>> No.16792412

>>16792317
You want Seychelles nigger, they’re 100% tax free, super private, and no need to report an annual filing

>> No.16792415

>>16792317
offshore company is the right idea but not necessarily Dubai. Look into legal ways of avoiding tax, not evading it. A lot depends on what type of business you have - i.e. structuring it so the offshore company 'licenses' it's brand image to your EU company for a hefty fee so your EU company doesnt end up making any profit & the profit is transferred into the tax free jurisdiction.

>> No.16792426

>>16792412
Oh and it can be set up for like $600 usd bbcincorp.com

>> No.16792475

>>16792412
Dubai dont require annual filing and taxes for companies without physical office. I saw several IT and manufacturing companies in Europe using UAE.

>>16792415
Thats a bad idea. In my country if you have low profits and high invoicing, the tax agency start to investigate company invoices and banking

>> No.16792478

>Do you think it is dangerous to do this? I fear that my government can discover me and ruin my life (more)
And to answer this, it’s not dangerous at all as your corporation will be the one doing business and not you, it’s legal. But if you want to bring in money to yourself or income personally that you can spend in your country you will need to pay tax on that. I pay myself the bare minimum I need to survive from my Corp and fall into the lower tax brackets here. I keep most profits in the corporation and make investments within it as well rather than personal investments. Talk to an account and possibly lawyer if you need to.

>> No.16792500

>>16792475
Yeah I never looked into Dubai too much personally so I guess this is true. Dubai is gonna cost you a lot more than 500-1000 to set up tho

>> No.16792581

>>16792478
I will check in detail, thank you for your time.

Here there are an obligation of make an annual report of all assets outside.

If you dont fill it can be fined with up to x4 times value of your assets.

>> No.16793806

>>16792317
You can't operate a tax free company from most if not all european countries. The company will be taxed same as a local company in your country of residence.

>> No.16794595

>>16792317 (OP)
>In the Emirates (UAE) it is possible to create a company between $ 500/1000 and is tax free.

why UAE man when there are tons of other better places?

>> No.16794696

>>16792317

Even if it's good now it could end poorly for you in the future. Not the most stable region lol

>> No.16794715

>>16793806
This is the truth for euro scum

You can get a permanent residence in a place like Cyprus though and make sure to spend the minimum amount of months there every year that is required to be considered resident and don't stay in home country longer than the max allowed to not be resident.

Only an option if your presence is not required in your homecountry

>> No.16794822

In Dubai an offshore co would need to be owned 51% by an Emirati who would take a board position. Effectively you'd surrender control to a bloke you'd pay to go on the golf course.

Dubai is a SHIT place to do any sort of business.

>> No.16794849

If you are over 35 get a retirement visa in the Philippines. Cost 20k$
Then buy a condo and get residence, then register a company in Any tax free country, then you are free from taxes,.

>> No.16794869

>>16792317
>tired of paying taxes to a government that uses it to finance feminists and open my country to more emigrants.
>want to pay taxes in dubai instead
nigger, uae are the ones financing the refugee crisis (together with saudis) also finansing the spread of islam in Europe

>> No.16794996

>>16792317
Set up Carribean company, zero corporate tax
Run it from Singapore, zero tax on foreign income.

>> No.16795026

>>16792317
Doesn't sound like you're leaving the UK. CFC (controlled foreign corporation) regs apply. the gov can find you and rape you for back taxes + tax evasion.
You need to leave the country & move to a country without CFC regs if you want to stay in 1 country.

>> No.16795042

>>16792317
>Do you think it is dangerous to do this?
Yes, check out CRS its in Dubai, the UK gov WILL find out at some point. same as the Seychelles.

>> No.16795122

>>16794822
>Dubai is a SHIT place to do any sort of business.

instagram model here, can confirm.

>> No.16795173

>>16795122
Kek

>> No.16795208

>>16795122
>Instagram and model used in the same sentence

>> No.16795255

>>16792317
>Do you think it is dangerous to do this?
yes
>I fear that my government can discover me and ruin my life (more)
they will completely buttfuck you. anon Im gonna give you some real advice now, according to EU tax code the offshore company will simply be treated as if it was in your country of residence. do you really think its as easy as opening a dubai company and you never have to pay taxes again? that is NOT how it works. you have to set up an office there and have employees and all kinds of shit. I urge you do NOT listen to half-baked shit advice on biz. at the very least get an attorney. but depending on your country of residence I can almost guarantee you this will not work and you will get fucked sooner or later.