Company in Dubai

The United Arab Emirates is a jurisdiction
with Exceptionally Advantageous Tax Regimes

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UAE, RAK and Dubai company formation. Fee packages from USD$450 and annual fees from USD$1200. "FBS KOTSOMITIS", operating since 1998, is a well-known and established international professional services network with officially licensed and regulated local member / partner firms. Contact us to start process by sending an email to enquiries@fbsemirates.com or by using our contact form.

FBS Newsletter – English

CONTENTS – SCROLL DOWN TO READ:

A. Important Note (concerns ALL clients with bank accounts NOW in Cyprus or Malta): EU’s Banking / Debt / Financial Crisis and the effect on Cyprus and Malta who have ‘oversized banking sectors” – UAE Companies and Bank Accounts as the recommended solution to the problem UNTIL the crisis resolves….

  1. A very important clarification on the Banking situation in Cyprus that many clients seem NOT to have understood clearly….
  2. Note: If low-tax regimes are abolished within the EU at a later stage this is practically a smaller problem than people think as…
  3. What is our advice for tax planning / banking nowadays give the EU risks?
  4. Use of EU companies or structures (Cyprus, Malta, and Luxembourg) will continue to grow of course … reasons

B. Cyprus and Malta… 0 – 12.5% tax – the lowest in the EU – read about their unparalleled tax and other advantages

SCROLL DOWN TO READ

*****

Bank and Client References and Recommendations of Our Group

Fox 5 NY News USA Channel – Broadcasting the Corporate Profile of Our Group

United Arab Emirates (Dubai / Ras Al Khaimah) – Frequently Asked Questions (FAQs) – An Absolute “Must Read” that Addresses ALL Aspects of the UAE Regime In One Document. It a simple and practical yet comprehensive guide answering almost all questions clients have at this stage …Valuable for clients considering this option

What does the ‘Near Future’ hold and ‘The New Switzerland’ for the Rich - A Great Article Authored by an international team of experienced wealth management, asset protection and international tax planning experts from the US and the EU in May 2013 – Absolutely “Essential Reading” for International Investors. In simple, practical and pragmatic terms – for the International Financial Centers and The International Tax Planning and Asset Protection World …And the Optimal Solutions, Optimal Jurisdictions, Strategies and Actions.

 *******

A. Important Note (concerns to ALL clients with bank accounts in Cyprus or Malta or in EU banks in general): EU’s Banking / Debt / Financial Crisis and the effect on Cyprus and Malta who have ‘oversized banking sectors” – UAE Companies and Bank Accounts as the recommended solution to the problem UNTIL the crisis resolves….

1. A very important clarification on the Banking situation in Cyprus that many clients seem NOT to have understood clearly….

  •  The problem in Cyprus was STATIC and one-off in nature and the damage (the “bank deposit haircut”… in ONLY 2 banks AND restrictions in withdrawals and capital-funds transfers which applies to all banks) relates ONLY to bank deposit balances as at 29/3/2013 (not to new accounts opened after 29/3 or new funds that were transferred into pre-29/3 “old” accounts from abroad – these funds are 100% “free” with no restrictions whatsoever).
  •  New funds credited in your accounts from abroad (after 29/3/2013) or ALL funds for new companies / accounts are exempt from the “restrictive measures on transactions” and can be used for any type of transaction, like we used to cooperate with banks prior to the introduction of the restrictive measures (29/3/13).
  •  So business as usual for new business / new funds with a 100.000 euro EU bank deposit guarantee BUT as the situation in local banks is volatile and unstable and will be so for 6-9 months we recommend banking with safe foreign banks (e.g. Piraeus Bank)

2. Note: If low-tax regimes are abolished within the EU at a later stage this is practically a smaller problem than people think as…

  •  …accumulated benefits / tax savings up until that time are maintained (whereas loss of cash or other assets is irreversible AND so asset protection is our FIRST priority at this stage) – moving the business (or even redomiciling the company) or restructuring the original corporate structure to another “favorable” jurisdiction/s is not difficult at all for professionals like us except that you might put up with some extra expense and small delay (1-2 months).
  •  So NOW the most important issue (given the EU’s Crisis) to be given prioriy is the Protection of Bank Balances and Other Assets form banking and exchange of information risks and not the tax advantages side.

3. What is our advice for tax planning / banking nowadays give the EU risks?

Bearing in mind that:

  • The EU has formally confirmed the EU-wide bank deposit guarantee of 100.000 euro per depositor!
  • The tax regimes in Cyprus and Malta have been respected and remain unaffected by the changes (retaining the tax advantages of using these jurisdictions like before)

…it is in this context perfectly ok to use Cyprus and Malta with full tax advantages and with local bank accounts, exactly as before, but… bank balances over 100.000 euro may be “at risk” as long as the eu is in a financial / debt crisis.

So, for higher balances, given the EU Economic Crisis Risks (deposit haircuts, information exchange), investors/clients will probably use a non-EU structure (UAE holding company with Dubai bank account to “store cash” safely OR asset protection and other structures – contact me for more details).

4. Use of EU companies or structures (Cyprus, Malta, and Luxembourg) will continue to grow of course as:

a. On the business/commercial/tax side

 (1) the tax regimes are very advantageous and highly regarded for many uses and really have not been affected adversely, so far

(2) Need for EU presence for commercial and other reasons remains

(3) Need for EU VAT registration – but branch of UAE company in say Malta will get EU VAT registration and achieve also 0% taxation

(4) Need for EU bank account

(5) Need to have access to advantageous tax and investment international treaties and access to EU directives

(6) if prerequisite for any other purposes

(7) Their double-tax treaties contain significant advantages over non-EU jurisdictions

(8) There is access to the EU directives which, among other significant advantages, results in 0% withholding tax rates for intra-EU flows of group dividends, royalties and interest

 (9) There is also advanced International Trust and Foundation Regimes, not available elsewhere, which are invaluable in Asset protection structures, notably the “cutting-edge” Cyprus International Trust (CIT) which provides the best vehicle for effective asset protection at 0% tax – The CIT can be “wrapped” by UAE companies for added anonymity /confidentiality and a Cyprus Private Trust Company for flexibility – read about the CIT

 b. On the banking side there will be an EU-wide deposit guarantee scheme of 100.000 euro per depositor protecting at least some capital needed for operations locally

Conclusion: Cyprus and Malta will remain the front-runner of EU’s low-tax jurisdictions with exciting tax-planning potential and value. We expect strong growth in the future despite “banking complications-risks” which are bound to normalize in due course (9-12 months)… in the meanwhile and going further ahead into the future cash over 100.000 euro can be outside the EU in safe banks (e.g. UAE banks) by using UAE holding companies and other structures).

 

B. Cyprus and Malta… 0 -12.5% tax – the lowest in the EU

(Note: Cyprus and Malta companies can open additional bank accounts in the UAE to avoid “EU related risks”)

Company types legally enjoying tax advantages:

  • holding portfolio investments tax free
  • international holding companies to minimise tax leakages
  • international trading companies in all goods and services to lower or eliminate tax
  • commission-receiving companies taxed at zero or low rates
  • real estate holding companies maximising ownership benefits and minimising tax
  • royalty / intellectual property companies taking advantage of tax treaties to minimise tax leakages
  • finance companies taking advantage of tax treaties to minimise tax leakages
  • recruitment and employment companies minimising tax and social security
  • investment funds (regulated or not) to minimise tax and costs
  • forex companies (regulated) to minimise tax
  • online gaming companies (licensing and professional services)

Cyprus and Malta have established themselves as the most tax-advantageous countries in the EU. Cyprus (0% – 12.5% corporate tax rate depending on structure / Malta 5% effective tax rate and 0% on some structures) offering legal, EU – with access to EU directives – non-offshore solutions for International clients ranging from small start-ups with a low budget to multinational corporations.

Both Cyprus and Malta have a wide and very advantageous network of double tax treaties and are not considered as offshore jurisdictions. As a result, they both appear on the EU and OECD “white lists”.

We are one of the most well-known and biggest corporate and professional service providers in Cyprus and Malta and can assist you with 100% of the services needed to set up and operate Cyprus and Malta companies (as well as UK and Seychelles companies).

We are the only firm that has real fully-fledged offices in both Cyprus and Malta, employing 75 professional staff, providing 100% of the services needed in-house.

Bank and Client References and Recommendations of Our Group

Fox 5 NY News USA Channel – Broadcasting the Corporate Profile of Our Group

United Arab Emirates (Dubai / Ras Al Khaimah) – Frequently Asked Questions (FAQs) – An Absolute “Must Read” that Addresses ALL Aspects of the UAE Regime In One Document. It a simple and practical yet comprehensive guide answering almost all questions clients have at this stage …Valuable for clients considering this option

What does the ‘Near Future’ hold and ‘The New Switzerland’ for the Rich – A Great Article Authored by an international team of experienced wealth management, asset protection and international tax planning experts from the US and the EU in May 2013 – Absolutely “Essential Reading” for International Investors. In simple, practical and pragmatic terms – for the International Financial Centers and The International Tax Planning and Asset Protection World …And the Optimal Solutions, Optimal Jurisdictions, Strategies and Actions.

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