An intro to reducing your personal and business income tax We often get asked whether it is possible to legally reduce your taxes whilst growing your personal and business income. The answer is a resounding “yes”. At Nomad.cloud we are actively pursuing this as a business, and making it available to our clients. In a […]
The Federal Tax Authority published criteria detailing the process for determining how a person can claim tax residency in the UAE. In the past, there was no such test, and a person was reliant on the so-called 183-day rule. The published criteria for tax residency in the UAE apply to natural persons. For corporates, tax […]
GENERAL OVERVIEW A trust is a legal agreement entered into by the “Settlor” whereby he appoints “Trustees” to manage and look after all trust assets on behalf of “beneficiaries”. Although trust arrangements may include numerous variations the most prevalent of these are whether a trust is a testamentary or inter-vivos trust, vesting or a discretionary […]
Incorporating a Company in Dubai brings with it huge opportunities. The benefits are immense as you gain access to one of the most vibrant economies of the world, excellent infrastructure, the ability to serve numerous markets as Dubai is regionally very well positioned, access to stable foreign currencies, residency permits for directors and employees, and […]
The tagline for Dubai seems to be that it is a “Tax Haven” as employees can pay no taxes on their salary and companies are not required to pay any corporate income or capital gains tax. Not paying any tax is a very topical discussion amongst friends and colleagues alike. The term “Tax Haven” is […]
Is a tax-free lifestyle a possibility for South Africans? Can you earn an income or trade and invest in Equities, Bitcoin, Ethereum, Cardano, and the likes with absolute freedom and without having to pay any tax? South Africans are subject to a high marginal tax rate at 45% with corporates being taxed at 28% along […]
If the spectactular subtropical island is not enough reason for you to be convinced and consider moving to Mauritius, then maybe some of the following more fundamental reasons may provide some convincing: Approved by EU and whitelisted by OECD Does not feature into any Black Register. 46 Double Taxation Agreements and counting (Majority with African […]
CORPORATE TAXES MUR imposes corporate taxes on its residents amounting to 15%. Subject to compliance with substance requirements your company holding a global business license may claim a 80% partial tax exemption on certain foreign sourced income. Most notably these include: Foreign interest Foreign dividends Profits of a foreign permanent establishment and many others The […]
