Recent content by El Raton

I'm away from Dubai at the moment, so just trying to get a head start on gathering info before I get back. I've spent many years in various countries in the ME and have always liked the region and the people. But I agree, Dubai is definitely a city of many broken dreams! Leaning towards...

Hey Hanif, I really appreciate your take on all this! Everyone's situation is different. We all have varying levels of risk we are prepared to take and varying amounts of $ we are dealing with. What does apply to everyone is the need to do your proper DD and realize that if it sounds too good...

I see the property route more as risk management. Not an investment, but a cost to solve a problem. What I cannot do is to jeopardize the access to my accounts, which are all hinging on me keeping my residence and clearing any KYC renewal. Agreed, the running costs (AC, service fees etc) and...

I'm most likely going for the 3 year Property Visa. I can't be bothered to set up some pretend company that will have no revenue. I'm thinking that even if the property prices continue to fall another 20% or so, that's fine and this setup will still be worth it for me. Has anyone actually been...

I'm always a bit skeptical about the data, but from what I can see the m2 prices in the Marina have held up slightly better than some other areas and are down about 25-30% from the top in 2017. https://propertytrends.ae/dubai-property-price-index-2020 The Marina/JBR would be my preferred area...

I had a quick look and it might be an option. I don't have any experience in any of the 48 activities that are specified, but I guess I could take up "Pest control" or "Flower arrangements".:cool: How much do they actually check your background to match these activities for freelance visas?

The domestic market should be enough for my zero-revenue business. ;) Has the 100% foreign ownership been implemented for mainland companies now? (I saw it was supposed to come into effect this month) I imagine less questions from the bank, but possibly a bit more complicated to set up and...

Interesting. What would be the advantage of having a mainland company over a FZ one?

My concern was that the KYC renewal could be an issue if my "employer" has changed to "XYZ Trading" in some Freezone. Earlier this year one of my banks asked me for additional Employer and Occupation details. But that might have been because it was my first year with that broker and I was...

Hi guys, Any input on my situation is much appreciated! I'm currently employed in Dubai, but my employment is ending shortly. EU citizen, but have not lived there for 15+ years and have no obligations there nor ties to any EU country. Spending less time in Dubai lately and currently my bank...