Recent content by Bill D

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    Saxo bank crypto withdrawal

    And saxo provides you a personnal iban ?do they accept direct euros withdrawal from Coinbase/kraken ?
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    Saxo bank crypto withdrawal

    You could withdraw Eur directly from Cb/kraken to them via sepa? ( without the strange emi/bank route proposed above) I dont care their crypto trading just want them for stocks/etfs Saxo has same entity serving Eu and uae? if you move residence between these can keep the same pos/account ?
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    Saxo bank crypto withdrawal

    Still would need to apply for an account, is crypto wealth, with clear origins and paid tax, fine to open one ? Or they refuse client with only crypto origin wealth What kind of restrictions ? Is it worst for example than a sq?
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    Saxo bank crypto withdrawal

    Hello, If this is a good method wondered why nooned talked about them for this purpose on the forum. I wanted to know if someone had experience cashing out crypto gains to Saxo bank ? 1)Do they allow third party deposit (from highly reputable crypto platforms, CB, ...) or only from bank...
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    Dubai should be blacklisted and face sanctions for sheltering dirty money

    Would that have any consequence on retail traders who setup in the uae ? Does it mean closure of all EU bank account and that all EU brokers cannot be accessible anymore to uae resident ? I see some countries like Vanuatu or Panama are already on that list, but still some trader setup there...
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    UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

    In fact, it seems better than anticipated according to that article of bloomberg : https://news.bloombergtax.com/tax-insights-and-commentary/corporate-tax-in-the-uae-are-you-ready-part-1 So I guess it means : Day trading your own assets in traditional finance in UAE, regardless of the volume...
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    Is there any tax free countries for professional crypto traders and investors?

    But as long as you trade/operate from that country, where you are resident, its no more foreign income in theory ? Some mentionned you cannot get the TRC with this scheme alone
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    UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

    Right, the part of your income below that would be at 0% tho even if you go above that right ? Just to make sure of how that works
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    UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

    In the public consultation documents, saying that even individual, as long as they would be conducting a business or commercial activity, would be undergoing the CT, the question is, is day trading of your assets, as a your main activity, subject to the CT then ?
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    UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

    If you are managing your own money, but actively, would it put you under the scope of the CT ? Even if you setup a company for trading, knowing most big exchange are licensed in the uae, wouldn't they be considered as local transactions and make these transactions liable of CT. And the fact to...
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    Can you migrate to Kuwait and trade crypto with zero tax as a natural person?

    Now that with the new CT system it seems day traders or individuals trading regularly as opposite to occasionaly will be undergoing the CT in UAE, does someone know about Bahrain, is it a good alternativ, it seems there are not CT there, is it easy to settle there and get the tax residence ...
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    UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

    You said the opposite on the other page : "Day trading can be considered a professional activity and subject to CT tax. It is still uncertain" Does the new UAE CT applies to day tradings will there still a very clean way to be at 0% if day trading is your main activity ? You mention a setup...
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    Does the new UAE CT applies to day tradings

    Even your own personnal funds ? Are they really gonna distinguish a day trader doing 10000 transaction a year, people running high frequency trading bots doing 100M transaction a year, and the small investor doing 10 transaction per year ? Also are you sure that a FZ would be exempt, knowing...
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    Does the new UAE CT applies to day tradings

    I am interested in relocating in UAE as a crypto/stock day trader, however i don't know if it's suitable with the new rules. UAE is set to implement CT of 9% from mid 2023, they released this month a new consultation document trying to explain better who will be subject to that. However it is...
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    Costs of a regular audit for Free Zone entity in Dubai

    Most brokers are now licensed in UAE, binance, kraken, etc, so I don't know if this make it even worst in term of taxation, or better ? If you trade from UAE, your center of operation is from uae, then does it make you taxable at 9%, whether you trade on local or foreign brokers ?
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