Recent content by bedouin

Many EMIs give ACH, the tricky part is that they allow direct debits. I have confimed with payoneer support that they do not allow direct debits there.

You know for a fact this works for accounts from businesses in the UAE ? Just for clarification, I dont need to pay, but GET CHARGED on that account Direct Debits via ACH.

Hello guys. Looking for an EMI that will accept direct debit charges on a USD ACH account. Its for a Dubai freezone company (so needs to be business account), Wise is not an option. Are there any? Also a brick and mortar bank would work. Thank you!

If you're not Fred you're still definitely German (or indeed a robot), you must be... that sense of humor is terrible :D

From a tax perspective its not better now to operate Freezone. Regarding the office, if you want to rent an office with your fzco, it has to be in the very freezone it's in. That means if you live in JBR you have to go to shitty Silicon Oasis to rent your office. Not a good thing. Theres...

Yeah all PARTNERS got these emails. This is by no means any statement on what happened. Also they say UAE has the lowest CT in the world (yeah no sh!t Sherlock, tell us something we don't know). What disturbs me are two things: - What is IZFA bragging about in the first place? UAE just raised...

No, I still think Dubai is the least bad of all the options, fact is I am staying in Dubai and not relocating. So in that stance we all agree. It is not worth the hassle to relocate and the other options suck harder. Malta? Give me a break. What bothers me are various things: - The way...

I find it funny how some people here consider that their totally twisted understanding of "ancillary" just to be able to fool their own selves into accepting that their marketing / consulting FZCO is indeed qualifying income. Good luck explaining that reasoning to the FTA if they ever ask for...

No. It would be a non-qualifying freezone person but a freezone person nonetheless. :( Bad times for FZCO's, they've become as useless as elevator operators I'm afraid.

Sorry but we must not be talking about the same statements. "No matter if you are doing E-Commerce or Marketing Services - it's a Qualifying Activity and therefore 0% Corporate Tax." and " E-Commerce Qualifying Activity: Manufacturing or Processing of Goods (b) Marketing Services Qualifying...

Whats the 15% marge? Youre considering a 15% margin over the revenue? And how does this work with your sticky where you say all this qualified income thing is jadda jadda and in reality digital marketing is manufacture of goods?

You dont understand. It's done for Dubai as a jurisdiction for all digital nomads, marketers, ecoms, etc. Yes. Dubai are aware of this and they are stepping up their game, that is all. Think about the ugly girl who was laughed at in her school days but then she turned super hot at college...

Funny how IFZA keeps sending emails to partners about BS promos like "IFZA Property Promotion!" (sent today), "Dubai Real Estate Market lectures" (yesterday), "SPECIAL SOHO OFFER" (yesterday), and are dead silent about how absolutely useless they have become overnight. The only event that...

Why can't you? Of course you can. As of right now at least.

Setups are cheaper for mainland companies and they are not considered high-risk by banks as FZCO's were until now. But maybe now with the CT law it will also be easy to open company accounts for FZCO. FZCO's have disappeared as you know them. They are all in essence mainland. FZCO only comes...