UAE Freelance visa to cashout crypto

[Kindak04]

Hey everyone,

I have a question regarding cashing out six figures from cryptocurrency in the UAE. I can have a freelance visa and a (NOC) from the company who will give me salary certificate each month. Can I use this setup to cash out tax-free? As those are my personal funds from investment and not trading. Would it be okay to go to a P2P agency and ask for a manager's cheque or cash to deposit into my personal account? Or should I consider creating a freezone company instead?

Any insights or advice on the best way to handle this situation would be greatly appreciated. Thanks in advance for your help!

Cheers,

 

[apres777]

Hey everyone,

I have a question regarding cashing out six figures from cryptocurrency in the UAE. I can have a freelance visa and a (NOC) from the company who will give me salary certificate each month. Can I use this setup to cash out tax-free? As those are my personal funds from investment and not trading. Would it be okay to go to a P2P agency and ask for a manager's cheque or cash to deposit into my personal account? Or should I consider creating a freezone company instead?

Any insights or advice on the best way to handle this situation would be greatly appreciated. Thanks in advance for your help!

Cheers,

Do you plan to live in the UAE and what's your plan once you "cashed out"?

 

[Kindak04]

Do you plan to live in the UAE and what's your plan once you "cashed out"?

Yeah like 3 months per year or 6 months if that's the minimum. My plan is to come back to my home country but in a few years so I won't be in troubles.

 

[cryptotree]

UAE: Now, deposit or withdraw cryptocurrencies in dirhams through this bank

This comes as crypto demand continues to grow in the country, with many residents trading in digital currencies and some firms even paying salaries in e-cash

www.khaleejtimes.com

 

[Kindak04]

UAE: Now, deposit or withdraw cryptocurrencies in dirhams through this bank

This comes as crypto demand continues to grow in the country, with many residents trading in digital currencies and some firms even paying salaries in e-cash

www.khaleejtimes.com

I would prefer using OTC or P2P to avoid frozen funds from exchanges or any kind of issues I could get.

 

[SCHLOSSFINANZ]

unless you don't relocate fully to UAE it won't work...

 

[FZSAAS]

Will work with freezone company and standard chartered bank imo

 

[Kindak04]

Will work with freezone company and standard chartered bank imo

But the cost is higher right? I thought of deposit checks from OTC desks into my personal bank account will work?
Depositing into the freezone company then withdrawing as dividends is better?

 

[JackAlabama]

Hey everyone,

I have a question regarding cashing out six figures from cryptocurrency in the UAE. I can have a freelance visa and a (NOC) from the company who will give me salary certificate each month. Can I use this setup to cash out tax-free? As those are my personal funds from investment and not trading. Would it be okay to go to a P2P agency and ask for a manager's cheque or cash to deposit into my personal account? Or should I consider creating a freezone company instead?

Any insights or advice on the best way to handle this situation would be greatly appreciated. Thanks in advance for your help!

Cheers,

looks like we are again at this stage in time?

This was a big topic in 2021, you can browse thru old threads. If you are in dubai for a while, you will find the methods.

 

[Kindak04]

looks like we are again at this stage in time?

This was a big topic in 2021, you can browse thru old threads. If you are in dubai for a while, you will find the methods.

I've been in for years, and now it's time for me to move to the UAE.
I'm also thinking of setting up a company in Freezone. I searched on the forum it is complicated to open bank accounts and use them for crypto cashout.
I would go through OTC. My question was rather, a freelance visa could perhaps be enough because it is my own funds accumulated before my departure to Dubai.

 

[myshufflemix]

From reading various threads there are tons of options to cash out crypto to FIAT in the UAE. You can use a google search for the forum like entering the below in google prompt:

site:offshorecorptalk.com crypto cashout

You will get a overwhelming number of hits.