uae

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...

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...

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...

I currently have a big problem, namely that my company takes in several million per year in profit. However, we only keep the money in crypto and do not pay it out to banks, how could we even, banks in the UAE are very strict when it comes to crypto. So we are forced to leave the money in...

I own a company and we receive millions in USDT or BTC each year. Now with 9% corporate tax I need to pay taxes in UAE but our bank accounts are almost empty as we RARELY use them as they won’t accept our crypto payments. So what happens is 99% of our income remains in crypto and I need to pay...

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...

UAE dropped from financial crime watch list in win for nation https://www.reuters.com/world/africa/fatf-financial-crime-watchdog-removes-uae-gibraltar-grey-list-2024-02-23/

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...

I am selling 1 year old FZCO in Silicon Oasis. It has a mashreq business bank account opened. The company had no activity apart from paying salary to owner for a couple of months. My emirates id expires in 2025 and I have no plan of renewing it so I am selling this company. I heard opening a...

Hello Guys, I have recently joined the forum as google search has pointed me time and again in this direction. This is my first post and I have already tried the search function but I still need some feedback on my below plan: Background: FYI – I already have a UAE residence permit as a...

https://menafn.com/1107629106/UAE-Up-To-Dh5m-Fine-Life-Imprisonment-For-Violating-Money-Laundering-Terror-Financing-Laws P.S I remember when people laughed at me when I said UAE will get tough and wild west days over there are over . Now who is gonna be made an example of for FATF...lol ----...

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...

Dear OffshoreCorpTalk members, First, i would like to thank you all for the great information provided here. I am a 6 months lurker here and it helped me a lot. My business is online affiliate markerting. I just setup a company in IFZA. I was before in a UE tax hell country (>40% tax). I was...

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...

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...

The UAE has become a leading business hub over the past couple of decades. These days, it’s one of the strongest financial centers in the world. Pretty much every advantage offered had the main purpose of drawing foreign investment. The end of 2022 came with a slight change. The UAE brought in...