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> At this point those companies have moved to Dubai so not that useful anyway Who's fault? People don't go start companies in Dubai to hide the UBOs (btw: whe
by TacticalCoder 4y ago
> At this point those companies have moved to Dubai so not that useful anyway
Who's fault? People don't go start companies in Dubai to hide the UBOs (btw: when you open a company in Dubai they do KYC/AML and asks who the UBOs are... Dubai ain't the Bahamas). People go start companies in Dubai instead of the EU because both taxation and paperwork in the EU has gone off the rails.
- prvit 4y agoPeople do not start companies in Dubai instead of the EU because of paperwork, Dubai is particularly paperwork heavy (especially if you need a local bank account).
- seydor 4y agoThey are not bound to exchange information according to FATCA/CRS about owners for companies registered in the Free zone.
- qwytw 4y agoThere are plenty of countries in the EU where corporate tax rate is 10-20% which is very reasonable (e.g. California is 28%). Of course you can't really compete with 0%.