Recent content by Luxxxtino

Hi did you manage to get any confirmation of this anywhere?

wire in your USD, swap for AED on the broker platform, then wire the AED out to your AED bank account (if you have one, if not how are you going to get a manager's cheque in AED as I believe is required for most transaction?), from there you wire/cheque the AED to your recipient.

Yep they did for me

I had to do exactly this earlier this year, best rate was with IBKR

ENBD Priority, they'll open for non-residents if you're willing to put 350k AED with them (can be invested)

As someone living and doing business in Dubai, I was shocked to read your comments. So I looked into it and seems like the imprisonable offences are concerned with actual bankruptcy fraud rather than regular bankruptcy through poor business performance. Recommend people read pages 57-61 of...

Hi, not sure a SMLLC would work since all our inventory and sales will be in the US so all income will be considered ECI. Agreed that a country with no/little WHT would be the only setup potentially better than a US C corp - will look into a Cyprus or Hong Kong company. Thanks again

Hi all, Will be starting my next Amazon FBA company shortly after having my previous one acquired. We’ll manufacture in China and sell in the US only. This time I’ll be doing it as a UAE resident. Currently thinking through the ideal company setup and am being advised to look at a US c-corp...

Thanks I'll check Al Ansari out! Crypto won't be doable since this is a secondary market transaction, but I can ask the seller if they'd accept USD equivalent. @Fred feel free to reach out if you think you have a suitable option here :)

Could be risky if they put a hold on the transfer and therefore the assets asking for further proof of address? Is this actually a done thing? I'm seeing 3.6401 on their "Send" page?

Hi all, Looking to transfer around 600K USD into AED (I have an AED account with ENBD) for a property purchase (not currently a UAE resident). IBKR would have been ideal but they won't let me withdraw AED to the account without proving my UAE address (currently an Airbnb) through a bank...

Hi mate just wondering what you ended up going for here? Currently looking at using a UAE FZ company but slightly concerned about: 1) 30% withholding 2) Being able to set up a US-based bank account is Amazon doesn't accept UAE-based accounts. Cheers

Hi mate just wondering what you ended up going for here? Currently looking at using a UAE FZ company but slightly concerned about: 1) 30% withholding 2) Being able to set up a US-based bank account is Amazon doesn't accept UAE-based accounts. Cheers

Saw that but are there no issues on withholding? Personally have been selling on amazon.com for 6 years but for some reason have never seen a seller selling from a UAE FZ entity

Hi all, I'm hearing differing opinions on whether one can use a UAE FZ company for selling on Amazon (US marketplace). I've heard from someone that Amazon (.com specifically) wouldn't accept FZ companies applying, only Mainland UAE companies to sell on the US marketplace - can anyone either...