Tax Solutions for the Self-Employed

Taxes are felt hardest by those who are self-employed. Like a lot of others you have taken the risk to become self-employed either because you could earn more working for yourself or you enjoy the freedom of working when you want to. No matter what the situation, a tax liability in a self-employed situation neither gives you the earnings you deserve nor the freedom to work when you want to. Our tax solutions are designed to take away the burden of taxation from you. Most importantly, for those considering self-employment, we strive to eliminate all the risks that a tax situation poses.

Incorporate to Save

The first secret to paying fewer taxes is to incorporate a company and provide your goods and services through this company. No two countries in the world have a similar tax system. However, the one common point that all tax regimes in the world have is that they tax the individual more than they tax a business. How is this possible? Simple! An individual pays taxes on what he earns with very few deductions allowed. A business pays taxes on its earnings less its expenses where almost all deductions are allowed.

How do I make sure that I pay no taxes at all?

Even if you incorporate in your home country, you will still have to pay taxes on the business profits. The way to make sure that you don't pay taxes at all is to make sure that your business is located in a jurisdiction (country) where no taxes are payable at all.

Dubai is a zero-tax country

The solution for the self-employed is to incorporate a company in Dubai, and invoice your clients through the Dubai Company. We will provide you with a corporate bank account in the name of your company so that payments can be sent to your Dubai Company. Your country's tax authorities cannot tax your Dubai Company since they do not have jurisdiction over a company in another country.

That's great, but what if my country has laws to fight this type of business?

Some countries take the position that even if the company is incorporated abroad, like a Dubai Company, but the owner lives and works in their home country; then the company has been formed for purposes of avoiding tax. In this situation you are still liable to pay taxes.

What can I do in this case?

There are many offshore jurisdictions that have gained a bad reputation as shell companies were set up to avoid tax. Dubai is different in that it is the only jurisdiction that gives you a work contract and a resident visa. With this you can officially prove to your company that you are actually working for a foreign company. We will prepare the necessary paperwork to prove that you have been posted to your own country to co-ordinate efforts on behalf of the Dubai Company. You can have your Dubai Company pay you a "stipend" or token salary so that you can pay the absolute minimum in taxes. This way you are assured your state provided services such as health, education etc.

If you wish to find out how much this would cost you, please fill-up an obligation free questionnaire and we will send you a detailed proposal.