@khara Anyway, my advice to you is to forget about UAE, or at least research a lot before you do anything, the local banks will not let you open an account and when you do find an offshore bank it will be extremely expensive and/or with high minimum balance (1M or above). It depends on your needs but if you paid all your taxes and you're all good on that side I believe it's a lot better to just find a good bank that understands your case where you can open a personal account. The uae corporate route is a lot of trouble and quite expensive. And definitely don't use DMCC. Lmk if u have any questions.
@khara I was able to get a bank account at SEBA (350k min balance and $1.1k fee per month) but I'm ditching the entire thing cuz I have to be a tax resident in a new country for the next 1/2 years (to get citizenship). So I will just pay capital gains tax.
Reaching out to thank you for your posts RE: dubai / dmcc prop license and the associated banking adventures.
I am going through the same research journey, trying find the best UAE setup for my degen activities.
1. Have you gotten more clarity regarding trading under your own name? Would that be subject to CT?
2. If you were to do it all over again, what would you do differently?