Recent content by fbsworld

It is not the right way to apply for an non-US resident/citizen with no SSN... See How to Apply for an EIN | Internal Revenue Service

Wio or MashreqNeoBiz.

Usually it takes 3-4 weeks. You receive it first by fax and the original letter max. 1 week after.

Hi! Yes I confirm we have converted (the official wording is "redomiciliation") offshore companies to freezone companies: - RAKICC (Offshore) to RAKEZ (Freezone) - RAKICC (Offshore) to IFZA (Freezone) FYI, it is not possible to do it with a AFZA (Freezone) companies. It costs around AED 8,000...

SwissQuote in Europe and EmiratesNBD Private Banking in Dubai. LTV is around 60%.

It is usually a very bad idea for a non-US resident to use an US LLC to buy crypto: Virtual Currencies | Internal Revenue Service "Virtual currency transactions are taxable by law just like transactions in any other property. Taxpayers transacting in virtual currency may have to report those...

I pay AED 1,890 per year (VAT inc.). Auditor is approved by DMCC.

So have a look to pages 5-7-9 of https://www.mof.gov.ae/en/StrategicPartnerships/Documents/Economic%20Substance%20Activities%20Flowcharts.pdf

You have all details here: Economic Substance Regulations

The article is about bank account opening, it is not related to crypto... it is not because it is talking about blockchain that it is related to crypto

Interesting info: https://www.arabianbusiness.com/industries/banking-finance/mashreq-bank-offers-investors-added-option-to-open-digital-bank-account-by-joining-uae-kyc-blockchain-platform

I'm also a bogglehead. Dot invest in stocks but in large ETFs. Do not use a US company for that, move to Dubai, invest in ETF from Ireland. Open a account with SwissQuote, Saxo or IB.

Great worldwide analysis, thank you!

Have you tried with Sharjah Islamic Bank?

ESR = ECONOMIC SUBSTANCE REGULATIONS, see applicable regulation: الهيئة الاتحادية للضرائب - 404 Same for an US LLC (I suppose you use it as an Foreign-owned U.S. DE), never use it as an holding because of passive income taxation in the US...