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Tax certificte from Khazakhstan is definetely a good solution. Just PM me if you need more details.
Top 3 banks will now close your accounts if they don't like your payment behavior. Georgian banks in 2017 used to be like Latvian banks in 2010.
All countries under sanctions, plus all or most of Africa, as well as poor Asian countries. This is an unwritten rule, it's just the way it is.
Under what sactions? Whose sanctions? Iranians, since there're lots of them in Georgia and they do business, are permitted to open accounts there too despite the fact that Iran and US are rivals and Iran is under sactions of the US.
Some parts of Russia are under sanctions of the US. Yet I, being russian, have opened accounts in Georgia with my russian passport.
As I told you, these are unwritten rules based on numerous people I've dealt with, so I don't have a hard list to give you. Yes, Russians are welcomed. Your mileage may vary with other passports, and they may deny account opening or demand more time and scrutiny. Try showing up with a Nigerian passport at BoG and see what happens.
So what is not 100% clear to me is what you need to open a bank account in the UAE.
Because you can get a residency visa with a freelancing licence, which costs 7500 Dirham ( https://gofreelance.ae/index.php#header3-b ).
You need to enter the country twice a year for the residency visa to remain valid, and according to the minister of finance, you are resident in the UAE if you have a residency visa and an Emirates ID ( https://www.mof.gov.ae/en/StrategicPartnerships/Documents/UAE AEOI Guidance Notes 08Dec2016.pdf )
So for opening the account are you required to show that you plan to rent something?Can you rent something for three months just to open the account?What if you open the account as non resident but you have an emirates ID and a residency visa? ( I don't think you need to show that you have a rental agreement to get either, I might want to live as a digital nomad and come to the UAE just twice a year, so it doesn't look like the residency visa is tied to a rental contract ).
few banks need DEWA bills (electricity and water bills in your name) to open bank account or at least utility bills like smartphone utility bills. But some banks can open account as uae resident with your foreign utility bills and address yet
Be careful now. You also need to show economic substance of what you are doing for UAE ? They are strong arming UAE and it passed laws recently to show economic substance of what you are doing here? You have to start showing some economic substance to UAE. EU, OECD at its game ever since Obama passed FATCA and banks brokerages, certain types of investments shut down on Americans with open blackimailing to them. He with OCED paved the way for this kind of monstrosity. I am trying to look for another jurisdiction too as I am in UAE.
I can be a freelancer (I'm already a software developer freelancer) in the UAE, get a UAE client and that should give some "substance".
Yes if you get a UAE client then get hired for services then you can try this idea. Just get something genuine as UAE is cracking down on such things due to being blacklisted a lot
The gofreelancer.ae ( https://gofreelance.ae/ ) package is 13.000 Dirham with the residency visa, and once you are a freelancare, they have a marketplace, so I guess getting a client is not impossible. And at the end of the day I wouldn't need to prove I'm resident in the UAE to someone, I just need a bank account which considers me a resident for CRS purposes, which is what happens once you have a residency visa in the UAE. Once I'm a freelance it's clear that part of my income will come from international clients, having 1-2 clients in the UAE would make more believable that I'm really freelancing also in the UAE ( and gives me an excuse for the residency visa in case someone asks ). In any case, like everything else in this world, things change fast and you have to adapt.
Substance law started recentlay and is retroractive law. If you are not from EU and high tax country you wouldn't have problems with your local govt. They are thinking to tax corporates but haven't done so. Google it. I think this year they are also letting go of Ajman E channel deposits that were there previously. If you are rich enough that it becomes better for you for to leave CRS country then this is a good option.
Yes i’ve got notification from consultant to fill economic substance...
They ask if company is owned of 50% or more from uae government, but nothing about customers I think what you suggest me to have customer in uae? If no customer in uae they should exchange information with my country of passport?
If you are living here full time then they won't. Be careful they are thinking of corporate taxes too as evident by gulf news recently. Always have a second plan. They are now asking every company to show them economic proof of being beneficial to UAE.
Sorry it’s not clear whar you are telling... visa residence just need to come in dubai 1 time every 6 months, this is the law.... when you get visa residence you are resident in uae in fact.... maybe banks don’t open bank account, this probably will be every year more hard because banks want substance in uae... but they will not exchange information if you have visa
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