Ensuring the Legality of Online Signatures for Assignment of Partnership Interest in UAE

How to eSign a document: online signature legality for Assignment of Partnership Interest in UAE

hi it's the wealthy expat here obviously in this channel we talk about lowering taxes legally so you can get more freedom keep more of your own wealth and money and a lot of times we talk about investments crypto how to lower taxes on the capital gains side but we also have a lot of people that run online businesses maybe you're a marketing person you're running a marketing agency you're doing consulting you're running a youtube channel doing any type of business where you're generating business income and you can use that income online so basically clients pay you that money through stripe or paypal or easy pay direct or any other payment processor like that you're looking at a place like dubai uae to lower your taxes establish a company and obviously that is the best way to lower your taxes down to zero percent but how do you also keep the payment processors how do you also keep clients happy when they're paying you to your account because maybe some clients of yours are in the us in canada in the uk anywhere all over the world they maybe don't want to pay to a ua account i have a client in germany his german clients don't want to pay to a uae bank account because they feel like hey this guy is maybe doing something shady in dubai and uae we don't want to pay that and it's just the stigma it's just the prejudice that a lot of these countries have how can you deal with this how can you make your clients happy paying you to a company that is in another country and makes them more comfortable and you can also use stripe and paypal i'm going to show you how i've done it how i did it last year with multiple hundreds of thousands of dollars and how you can do it all legally and pay zero percent tax let's first start off with the structure this particular structure would have two different entities it would have the uae company and then a company somewhere else to have the payment processors and the payment methods your uae company the free zone company you could start it as a marketing management company which is the one that i have and then the other company would send money to your marketing company in the uae and it would pay zero percent tax so how would it look like i'm going to show you right now my llc documents in the united states the united states is actually the best place i recommend for u.s citizens and non-us citizens doesn't matter where you are from the world to have an intermediary company to have an intermediary step between your clients payment processors and then your uae company even if you're a us citizen as long as you don't live in the united states if you live in the united states that's a whole different story but if you don't live in the us and you have a company in dubai in the uae you could still pay maximum or minimum 10.5 percent tax because you have the guilty tax for everybody else in the world you would pay zero percent in dubai and then use the u.s llc as a way to send money through your clients all the way over to your dubai company i'm going to show you the document right here for my llc in the united states my marketing company central marketing services we made a lot of money through this company essentially this is the operating agreement and you can see at the bottom i'm just going to scroll through it's just a regular operating agreement where we go to the members page after the signatory page you will see that the owner of this company is a free zone company central marketing services fcco when you incorporate a marketing company or any type of company in the ua you will have an fcco especially a free zone corporation that free zone corporation can then own the u.s llc by a hundred percent like it says here 100 percentage interest in the uslc then what you would do is you would get an online bank account for this company like with mercury i've talked about them many times and they're a bank account that you can open even if you're not in the united states and even if you don't plan on visiting the united states when i was doing this setup for myself i did a free zone company in the uae i then had my uslc but i couldn't get a bank account for the uslc because chase all these companies they want you to be in the us applying for the bank account i did not want to travel there because of the things happening around the world and also because i just didn't want to go to the united states maybe get stuck there for more than 30 days and have to pay more taxes to the us since i'm a us citizen so you can do you can get a bank account from mercury unless you're from a war within country or country like iran which is very stigmatized and has a lot of sanctions you can get a bank account with them and then what you do is you receive money through stripe through paypal into this bank account and mercury for your u.s llc and then from this mercury bank account you send money from your u.s llc to your uae company just like you can see here so for example you'll see a lot of transfers in 2021 15 000 15 000 10 000 8 000 20 000 8 000 5 000 and this is money that is profit in my marketing company my uslc sending money to my uae company and it's receiving that profit tax-free or in the case of a us citizen that has no other partners then it would pay 10.5 because of the guilty tax but if you're from anywhere else in the world and you have the uae company as long as you're not living in your origin country if you're living in france with a uae company but you're doing all this and you're still living in france then obviously you would still pay taxes in france but you need to follow my other rules and the other videos that i talk about here for this to work you could send that money receive it in your bank account in your uae company and that's pretty much it it would pay zero percent tax and the uslc it's also important to know that uslcs owned by non-us citizens or non-us residents pays zero percent tax as well so even if you keep the money in the uslc this wouldn't work if you're a u.s citizen but if you're a citizen of anywhere else in the world like canada uk you could keep that money in the uslc and it still wouldn't pay tax i would still recommend you if you're using uae as your tax residence place if that's where you're paying zero tax to do all these transfers because then the money is arriving in ua it's not arriving in the u.s the u.s might think that you're a tax resident there that you want to actually live there so maybe just better send all the money over to the ua so it pays zero percent tax and this is a structure that i use and this is the bank that i use emirates mbd i've talked about them many times so i connect stripe paypal easy pay direct many different payment methods i send money to the uslc for my clients so the clients actually pay over to the mercury bank account they pay anywhere with stripe or paypal that money is received in the mercury bank account then for mercury it's sent over to emirates mbd you could use any bank in the ua maybe abu dhabi commercial bank maybe islamic banks whatever you want to use mashreq but this is the one that i recommend and then you receive the money there and then you use it for your business and for your personal expenses so this is the structure that i use to pay zero percent tax many people use it and people that are very well known in the industry like iman gaji for example he's a very famous youtuber and marketer we actually are doing a partnership together to help his clients lower their taxes this is the structure that he uses and his best clients use to lower their taxes down to zero in dubai do it properly absolutely legally and not have troubles with clients being unhappy that they need to send money to dubai another very important note before we close off this video be careful who does this structure for you there's a lot of people out there that do uae free zone companies that do us llcs that have no idea how to set this whole thing up and it'll give you bad advice so for example companies like which you can register a uslc for 200 bucks they will not know how to add a free zone company in the uae as the owner of your uslc they just don't know and they can't compute how to do that because uslcs typically have just a person owning it as a us citizen or u.s resident you want to get professionals to do this for you to do this whole setup i have lawyers and i have contacts i can do it and i can do the whole uae setup in dubai if you're interested in that click that first link in the description book a one-on-one call with me let's see if this structure works for your business and how you can lower your online business taxes your entrepreneurship taxes anything you're doing online receiving payments from clients from companies whatever it is we can lower it down to zero percent book a call right now and if you're interested in moving to dubai and paying zero percent tax on all of your income i have video that's gonna pop up right here how to move to dubai if you have money or if you make a lot of income what are the best strategies to do it subscribe hit that notification bell that like button down below i'll see you on the next one i am the wealthy expat