Question
New Business in Maryland
Hi everyone,
A new client has a company in Dubai that deals with the export and import of medical equipment. He wants to start a similar business in Maryland. Since the source of funds coming into his business account in Maryland will be from his company in Dubai (which doesn’t have any income tax), he needs to transfer his income to Maryland from Dubai. When purchasing equipment that will be imported to Dubai, he can maintain greater control over his profits and transactions.
Could you provide some guidance on the steps he should take in Maryland?
