dubai

Binance FZE was created to serve UAE residents. It's planning to launch in the beginning of December. Binance started asking UAE residents to upload additional personal information (EID,...) preparing for the migration to Binance FZE. Once a user migrates to the new exchange, he/she...

I've noticed that several local online crypto exchanges like Rain, Coinmena, and BitOasis now allow you to send USDT, convert it to AED, and withdraw it to your local bank account. Over the past six months, I transferred about 500,000 AED this way without encountering any issues with my bank...

Hi, I own a Freezone company in Dubai and generate a monthly profit of around 300,000 - 400,000 AED. I typically pay myself a monthly salary ranging from 70,000 to 90,000 AED, along with an additional 50,000 AED in bonus payments. My goal is to maximize the amount I can pay out to my personal...

Hi, in order to buy a property in Dubai a friend of mine opened a bank account in Dubai at NBD. Within the first 5 months after newly opening the account he made a cash deposit of 500k AED ($135,000) in total and nothing happened. 3 months he made a pause and waited, nothing happened. Then he...

hello guys, whats the best thing to do in this scenario. Let`s say there is a person with 6 figures in crypto and want to cash it out (get it legal in a bankaccount) with the lowest tax possible without moving out of europe (worst case is dubai lol ). There is no hestitation to go and live...

Hello everyone, I have read many threads on this topic but never found the specific answer so I decided to create this thread because I think it can be helpful to many. I would like to ask a question regarding this setup. I did a consulting with international tax planner. Business model: B2C...

I'm looking for a good and cost effective accounting firm in Dubai handling our accounting and reporting needs for the company setup in Dubai! Can you recommend good accounting firms that can be trusted and are no so expensive?

I can see that some of the providers who were previously active here have disappeared and others are just silent. Does this mean that Dubai is dead as the great adventure where one could establish their offshore company in Dubai and live in a tax haven? Which service should one use to set up a...

Hi all, It seems trading stocks, cryptos, etc... (being day or swing trading) with personal funds could be seen as a speculative activity in UAE and hence be categorized as a commercial business (and to CIT). See thread and sources in: Tax on trading in the UAE It also seems any virtual works...

I have recently been checking the financing requirements in some luxury car dealerships in Dubai, and they just seem to require me to have a salary certificate and 3 months of bank statements. (Besides Emirates ID card) Do you think they will also ask for some credit report from abroad or...

For me things are pretty complicated in UAE, I don’t understand wether I need to pay taxes on my Freezone company from 01/06/2023-01/06/2024 or does it start from beginning of 2024 till end of year. Need to mention that I fully qualify to pay taxes due to 3M and 375k rule. According to the...

I just watched a video about the situation in Dubai! When you hear about the problems they're facing in generating enough revenue for the area, it completely surprises me, but I'm starting to understand why they're softly introducing a 9% corporate tax! They risk going bankrupt in the UAE if...

Hi everybody can anyone help? I am coming to Dubai and I would like to cash out some ETHs. like 20.000 USD. There are many companies on google but I am looking for any recommendation.

Hey everyone. By now UAE fz CT regulations should be well clarified. So how is it with the corporate tax and fz freelancers doing business with companies outside of the UAE? I keep finding old articles from the last year on google saying freelancers have an obligation to pay the corporate tax...

Hi, let's discuss which country is best for living and trading crypto in terms of taxes, ease of running company and banking. UAE: - 9% tax on profits above 100k USD - Possible to open crypto prop trading company - Banking in local UAE banks is very hard, so one qould need to have offshore bank...

Hello, due to the new corporate tax law in the UAE day traders now need to pay 9% tax on their profits. As it is more advantageous to run a crypto prop trading company than to do trading as a natural person, I am looking to setup a crypto prop trading company in Dubai. Can someone recommend a...

Hello, Even though I have recently created an account, I have been reading the forum for ages and understand many of its members are familiar with and/or have a strong UAE nexus. From my side, I hope to be an active member of the forum and contribute wherever possible. I have been looking into...

Hello! Through the help of this forum I figured that the UAE maybe imposed 9% corporate tax on day/swing traders. The UAE government recently released conditions stating that a natural person (individual) who conducts 'Business' or 'Business Activity' will be subject to the 9% corporate tax...

Hello folks, I am thinking of buying a house in UAE. Problem is, I like my privacy and want to keep being private and not share my ID card to anyone really. I simply prefer privacy and don't want some weirdo agent know my full identity and what I own or not. Therefore I am wondering... If I...

I took the plunge and moved to Dubai in my quest for tax optimisation, but I needed an address for my TRC so I ended up buying a property. It's unencumbered however I would benefit from refinancing into a resident mortgage. Is anyone familiar with the process when you are an employee of your...