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Recent content by Gamblord

  1. Gamblord

    UAE freezone company renewal process

    Can anyone tell me how long the renewal process is? I understand you can pre-book your health check and if you do the thing express it can shave a day off. I am wondering whether the renewal can be done inside the 5 business days or not. I am going to Dubai for 3 business days in January. I was...
  2. Gamblord

    Replace @Fred @DLS

    I heard about the 3->2 year change. Why can't I simply renew the visa before it expires? If my visa expires what happens to my business account? I'm assuming the account won't get shut down as long as I file tax and pay the yearly license fee.
  3. Gamblord

    Replace @Fred @DLS

    Is this the case with renewing an expiring 3 year residency visa DLS Dubai assisted its clients with? Will IFZA or your consulting assist with this?
  4. Gamblord

    Hello my dude. I'm one of Fred's customers. What is the situation? Under 375k/yr is 0% tax? Does...

    Hello my dude. I'm one of Fred's customers. What is the situation? Under 375k/yr is 0% tax? Does it depend on your license category? How are we supposed to transition to the new system?
  5. Gamblord

    Let's reflect together on the future of cryptocurrencies

    In my opinion it still makes sense. Despite all the regulations trying to hinder or eliminate it ultimately nothing fundamental has changed with the monetary system. In 10-15 years governments will still be enslaving their population through the fiat monetary system by taxation and debasing...
  6. Gamblord

    Local Dubai crypto meetup

    Time, money, & opportunity cost of failing to have your bank account approved. There's the risk of bank increasing their standards. Risk of new laws. Risk of not being able to keep your account after acquiring it. A professional would bring most of these risks close to 0 but external risks are...
  7. Gamblord

    Local Dubai crypto meetup

    There's no such thing as no risk. You just have to intelligently figure out what the best existing option is, decide, and hope for the best. RE: crypto market. If it's an obvious bear market you might want to short with leverage then? RE: telegram group. You might want to consider running this...
  8. Gamblord

    UAE tax residency now?

    My understanding is that the certificate doesn't matter and will not help you much at all to escape tax liabilities. What's more important is that you are not a tax resident of the high tax country and that you are a tax resident of UAE by virtue of having property, business, family, time spent...
  9. Gamblord

    global corporation tax

    https://www.gulftoday.ae/business/2021/07/01/around-130-countries-back-deal-on-global-minimum-tax-for-companies Yeah I'm not sure either. Might be important to find out because this is implemented by 2023 or maybe sooner. According to this quote you would be exempted since UAE is not going to...
  10. Gamblord

    Question Simplest offshore bank set-up?

    I would just buy XMR with the fiat and store it on a hardware wallet. Not legal/financial advice.
  11. Gamblord

    Dual citizen = dual residency in UAE: Possible to get 2 residence visas with 2 passport in same country?

    I don't think so. They will be puzzled how you entered the country. They will normally ask for your other passport and if you can't produce it there's a problem. They don't instantly jail you for giving them wrong documents.
  12. Gamblord

    Dubai , a dangerous Sh..hole …

    If you are caught with police as an expat it's a no win scenario for you. It's the same in every country. As for Sharia, as a man I find this much preferable to Western family courts. Before going to any country it's best to look at risk vs reward and decide, no country is perfect.
  13. Gamblord

    Question Crypto friendly banks for Dubai?

    For cashouts which are good/bad? Anyone here have experience?
  14. Gamblord

    Bank account/EMI shutdowns without CRS/MCAA/CBC background check

    I might be wrong on this but the main problem with Caribbean, Seychelles is getting a bank account/EMI without having the corresponding passport. As soon as you hand in your higher tax country passport CRS already kicks in. Non-CRS countries are the exception to this but either much harder to...
  15. Gamblord

    How to transfer/use money made by crypto

    Thanks for info. It sounds like you have valuable information. If I become a member here can you help me with cash out strategies with free zone company in UAE?