Hi Ragav,
to be honest until now for personal active trading I heard several opinions:
Some say if you trade actively its a business, some others say if you trade personal accounts its free.
Didnt find any written confirmation yet of it being taxed or not taxed.
However, if you trade through an US LLC I assume then it would be taxed (the same as if you opened a prop trading company in the UAE).
Just assumptions, dont know yet for sure...
Thanks for the response. I am interested in finding out the appropriate legal structure to carry out my trading activity (stocks, futures, options) in US and Europe financial markets. My activity involves very active day trading, large turnover, speculation and use of derivatives. I am using only personal funds and not providing any services to third parties.
This will most likely be considered an
active income/business income.
I am open to the possibility of incorporating an LLC in UAE, US or any other suitable jurisdiction to carry out my trading activities.
How do I find the correct license and freezone to incorporate LLC In UAE Freezone?
I don't mind paying 9% corporate tax in UAE irrespective of trading in personal or LLC entity account. I want to make sure I am complying with all regulations related to license/permissions.
Had discussions with few business consultants in UAE. Some people told me that I can take a freelancer visa and trade in personal account. Some told me that I can choose any
investment related license for opening an LLC but I could not find appropriate license to align with my active trading.
I also need a residence visa to migrate to the friendly jurisdiction.
Kindly provide your inputs.
Which solution is the most suitable for my requirements?