Recent content by mostafak

Thanks Fred! Since I just got it setup-ed very recently, I will just use it till the end of this year - then on February (before renewal on May), I will contact you to make a plan to migrate to Dubai and move all our banking to there as well with the new license and resident visa. Unless you...

That is not exactly true - $20k in Dubai is way too much, of course it depends on your lifestyle but $20k is still too much for a single person. I think $5k/mo is very reasonable amount for a single person on Dubai.

How can I employ myself? Like what would be the setup? Maybe next year before renewal - I just setup-ed and got my visa less than a month ago. I don’t want to pay another 16-20K AED for this again. Will it be easy to migrate the company to another freezone with the same name, banking .. etc?

Thanks .. I asked the FZ today and they said it is possible but I have to introduce another partner with me on the company - so one is investor and the other one is employee or manager.

That is sad .. Is there a way this could be changed or fixed? I am the only owner of the company.

lol .. they published a half baked law that doesn't really make sense for many cases. Hope they make iterations to it to make sense for freezones and freelancers that don't conduct business in UAE. I just registered my company here about 3 weeks ago, then after getting my personal/business bank...

I asked my FZ and they said that I cannot pay myself a salary as I am an "investor" - So even If I paid myself a monthly salary, It will be still taxable 9%. Can you please confirm?