Recent content by Thomas67

Looks like a quite interesting option indeed, thanks for suggesting. I don't know if there are many other options out there allowing prop trading or blockchain related activities with such a flexibility of packages. Will reach them out to assess business requirements and dig into the...

Well Bybit and Gate have a VARA regulated license already. Aside DEXs, something also tells me it's preferable to do business with regulated entities in UAE, unless an offshore business/trading company is used obviously

To be honest the situation is quite particular. So many trading KOLs are based in Dubai, trade smaller coins or with leverage, which doesn't seem proposed by locally regulated exchanges. Would be interesting to know their setup/or how pro traders do in general. Also wondering if using an...

Because active/frequent trading can be seen as a commercial business (commercial transaction law - speculation, and virtual assets works). Ofc very occasional trading, ideally close to personal investment wouldn't be an issue indeed. DIFC is clearly feasible (FZ's AML/CTF constraints on the...

The topic can actually be extended to the more practical questions, it's a good idea. Has someone a view on the cheapest/easiest option for a licensed trading activity (e.g. crypto, stocks), in mainland or freezone, freelance or company, being Dubai or Abu Dhabi? AFAIK, we have the following in...

Thanks again for your view. In your opinion, what do most traders/investors residing in UAE do, considering the limited number of listed tokens, their lower liquidity, the possible restrictions for margin/futures trading (quite annoying as well for traders) and, in addition to AML/CFT laws, the...

Another option not mentioned here above is Gate.io; but here as well the number of tokens is very limited: https://www.gate.ae/uae/available_virtual_assets.html So, compared to less advanced countries, what are UAE residents supposed to do if they want to have access to smaller and legit...

Quite annoying if the low liquidity is confirmed and they can't pool liquidity with their global entity. Though, a branch complying with local regulation might still be a good thing I believe

Your second section makes sense, though it's a matter of assessing the risks and consequences, which depends from one person or one field to the other. Anyway, I think we get your point.

You would probably be protected for the period mentioned in such inquiry I believe; or please provide a source. The ruler is certainly free to adjust the law but I think you're oversimplifying things. There are different courts in UAE (incl. appeal and cassation); your lawyer can perfectly ask...

I understand your concerns but it goes beyond the scope of this thread - feel of course free to create one if useful for you. But to answer your question, I'm pretty sure DIFC and DMCC cover these activities, also depending on the instrument, just ask them; Interactive Brokers (broker for local...

The main question of this thread has been addressed here above - conclusion in my last message. For the license requirement, please see https://www.offshorecorptalk.com/threads/license-needed-to-trade-stocks-cryptos-with-own-funds-in-dubai-uae.44800/post-336895 where the view and source I've...

A source as a complement, slightly different perspective emphasizing the frequency, organized activity level, continuity, etc... https://houranipartners.com/navigating-the-uae-corporate-tax-as-a-natural-person/

Thanks for your view. The whole point is that it very likely depends on the type of operations, as described. If all your friends are swing traders/mid term investors (while of course managing their own money) there is indeed no point in setting up a company as the activity wouldn't be seen as a...

*Forex: unless long term positions/hedging obviously