dubai

So conundrums keep propping up as the world continues to recognise the printing from 2020 has fucked their economies. BVI now under pressure requires accounting submissions [not just accounting done], tonnes of other paperworks, and the UK/West is trying to introduce regulation specific to a...

I hope you're all doing well. I'm writing to gain some insight and clarification regarding the revised Tax Residence Certificate rules in the UAE. As many of you may be aware, the UAE Government, through ministerial decision No.27 of 2023, made amendments to certain provisions on the...

Dear all, We are a Proprietary Crypto Trading company recently created under DMCC free-zone in Dubai, just trading our own funds and capital, with no external investors or 3rd party clients. As you may know, opening a corporate banking account is quite difficult as local banks are not opened...

I'm an EU citizen, looking to relocate to a suitable jurisduction with no capital gains or dividend taxes (my main sources of income are stock trading and dividends). As far as I can see these would not be taxed in UAE. I have been looking at various options to acquire a residency visa and it...

https://www.europeanbusinessreview.com/millionaire-leaving-the-uk-for-dubai/ Hummm.....

What next EU will start telling banks not to offer correspondence banking relationships to UAE banks ;). ----- quote start 25/07/2023 The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has withdrawn as required by EMIR the recognition...

Hello Everyone, It’s been a couple of years now that I’m into Affiliate Marketing, and my monthly income has been growing steadily. Currently, the annual income is around $120k per year. Would you say it's time to form an LLC? Or is it still early considering the expenses/taxes of a company...

I was wondering if it would be a good place to register a company in Dubai for a Cryptocurrency exchange business? maybe @Fred has some insider?

I have fzco in dubai and I accept crypto using coinbase. Looking for crypto friendly emi but with free on-boarding. Or maybe I can pay emi on-boarding fees with crypto. I am looking to withdraw from coinbase biz account to emi, then from emi to local uae business bank account. I have business...

Dear forum I've got a customer that has sold precious metals to some investors in UAE. He now is about to get a big check, many M's. They are going to pay him with a transfer from a dubai bank to an a business account in Spain. After recieving the money has to pay some fees to other...

Looking at Property Finder | Buy and Rent Real Estate in UAE I found multiple apartments for rent that are extremely cheap (around 20k AED / year or even less). Nothing seems to be wrong with them, so where's the trick?

Me and my partner are looking at moving from our home in the UK to Dubai. We were wondering what the steps would be to do this. We both have UK passports and would be looking to relocate for tax reasons. We currently make around $100k per month, we’re unsure how would be best to go ahead with...

The issuance of anonymity-enhancing crypto are banned under the Emirate's new regulations for digital assets. In Dubai, the issuance of, and all activities related to, anonymity-enhancing cryptocurrencies such as monero (XMR) are prohibited under new laws published Tuesday. The jurisdiction in...

Hello, I opened a company and moved to Dubai. I'm the only owner of my company, which is in a free zone and I don't have to pay corporate taxes or personal income taxes. Furthermore, I'm not a GCC national, so I don't have to pay te pension scheme. Therefore I was thinking to pay myself the...

What options are there to cash out EUR from EUR (or USD) accounts in UAE? I know Citibank is an option, but for corporate accounts they have high requirements. Does anybody have with personal accounts, I know they request Ejari (how often do they request it - is it just during opening?)...

Hi, My Dubai company got invited by the FTA to for early corporate tax registration with the new EmaraTax platform. however, this specific company is not doing any work within the mainland nor any GCC country. but I have other companies which do work in the mainland and Bahrain. So, I'm confused...

Hi, lets say you are currently based in a EU country , have different bank accounts (wise, revolut, german bank accounts- real banks), Paypal and also broker (Interactive Brokers) and move out of EU to Dubai. You become a Dubai resident, so there shouldnt be CRS anymore. 1) Will this also be...

As some of you who live in the UAE already knew, the UAE government launched a federal program that wants to force "private companies" to make sure that at the very least, 2% of their workforce is made up of emirates (will be raised to 10% starting 2025) and companies that fail in doing so, will...

Ok two basic question for those who use HSBC in Dubai for personal baking. 1) As I mentioned in another thread I would like to transfer EUR from a EU bank into HSBC UAE and only then convert them in AED (at market rate, possibly w/out a horrific fx spread) and later on doing the inverse...

Hi, Can someone help we clarify if I am correct here? Let's say that you operate an offshore business with an HK or BVI company (therefore not taxable) and you reside (and receive your salary in Panama (for instance) or Dubai. Does that means that you pay zero corporate taxes and zero incomes...