Recent content by Lord Palmerstone

As somebody who has lived here (I will not specifically say where) for approaching 30 years there is an awful of claptrap voiced on this forum about Dubai or UAE ................ and that is where the problem starts ............... Dubai is not the UAE pe se, it is an individual self run, self...

In Dubai try WiO (it's a digital branch of the Govt owned FAB - First AbuDhabi Bank) Opened a new Company last year in RAK FZ, and a specific agency, set up by RAK FZ offices, to assist Companies with Banks, organised an A/C with Wio in 2 days. They offer within this set-up, 4 currency A/Cs...

I have had over the last year, problems with useless 'scaredy cat' UK Banks (can anyone tell me what use they are these days, especially if you do not conform to their supposed values)? We never had any problems when Capt Mainwearing and Sergeant Wilson were at the Hight St. branch. However, if...

Having lived in UAE for more than 29 years I have learnt that if something was easy, transparent and understandable, it was made difficult, unclear and easily misunderstandable. The reason for this is to levy 'fines', walah you must pay, lazem pay, they need your faloos. The UAE has changed...

Of course it is and the leaders (of Dubai) wish you to come and live there and spend money in their economy. Becaiuse if you buy real estate, there's 4% tax on the property. If you rent there's 5% tax on the rent total, on most purchases there is 5% VAT, and now all businesses must pay 9%...

I am also a DXB resident and with working visa now in my 30th year, however I do project work and this entails living and working in other countries, from Kazakhstan to Morocco and from Pakistan to Seychelles .................. but I have also lived and worked in Riyadh and Doha The latter two...

I did not - that was just English sarcasm - when I said "......go ahead be my guest" - that was NOT a recommendation and was clear from the previous descriptive text. However as you described in another contribution that everything was 'legal and above board' then it may be suitable, however I...

@macthaiver You hit the 'nail on the head' by your description of EU Banks/EMLs - absolute pain in a**e these days - trying to follow rules set by politicians and Central Banks who let's face are amongst the biggest 'Ali Babas' of this world .... inept, thieving and corrupt...

Having just set up a FZ company in UAE (even though I am in my 30th year as a resident here), I did it for a European partner and he even got himself an investor's residency. Anyway, I tried several Banks and they all start making us jump through hoops, (they will be as stupid as UK/EU Banks...

@JohnnyDoe This is not strictly true. I am married to a Finn (since 2000) have three properties there and still the numpties at the Immigration Dept of Finland (called Migri) rejected my Residence application which I had made in time before Jan 31st 2022, under the Brexit withdrawal agreement...

I have just received from my company in UK a fairly large amount (GBP180k) and this is the second large tranche without any particular difficulties. The difference is, I have been a Resident here for 29 years and have a Driving Licence older than many 'locals' I deal with, ............ so I am...

All good points - I accept - however one of those outfits (I don't remember which of STAKE or SMARTCROWD) twice a year has a market sell off period, so you can get out of your deal, albeit admittedly not immediately, but twice a year.

These numbers are AFTER Admin Fees and Baksheesh

Suggest you look up two investment companies which sell '% partial ownership' stakes in properties (of which I have a financial interest in more than 10). One is called 'STAKE' the other 'SMARTCROWD', and both are regulated by the authorities. Their sites/apps give many examples of margins/gains...

I have just seen this thread and although its many months past, I feel that I should add some expertise on this matter. Having been a UAE resident for now approaching 29 years, I am also a director of a UK Ltd company. Whilst I cannot comment on the benefits and 'ins and outs' of the tax status...