Recent content by OJ333

I am not a UAE resident. Never been there. So this is what I am basing it on.

No taxation for RAK ICC offshore companies. At least for now :)

This is case by case. You can get some EMI if they work for you.

You can have a Stripe with it. HOWEVER, it only pays out in AED denominated bank account. And I have not been able to find an AED denominated EMI. So, in practice, the Stripe is useless :)

I just spoke with the senior tax advisor of the company I use. He was 100% sure it doesn't apply to the offshore zone. The goal of the tax is to tax businesses operating within the UAE. Companies in RAK ICC don't have the right to operate there.

Where is it explained? Can you send me a link?

I would. However, I am paying every year to agents that should have this answered and I don't even have a contact with a tax advisor in RAK. Now I am trying to figure out if my agents are incompetent or there really isn't a clear direction. P.S. Another reply from an incorporation service: "You...

Does the new UAE tax apply for RAKICC offshore companies? I have read threads in the forum, the long article Everything You Need to Know About the Corporate Tax in the UAE – What to Do & What to Avoid where people disagree on that topic and I also read countless websites of consultants and also...

Ecommerce with totally legit products you can find in a Walmart

I looked at the website, in the requirements it says "Visa and emirates ID of signatory". Is that a must have requirement?

It might not have it, but I will need the seller to be able to supply the requested documents once couple of sales are made.

Does that work for RACICC companies as well?

I need a service for purchasing already verified Stripe accounts. Thanks in advance.

Just seeing this now. The Stripe I connected belongs to another entity. I am also searching for an AED virtual bank account as the UAE stripe requires it (they don't accept other currencies).

I have tried to find information about this in this section of the forum but could not. Do you have any recommendations for a payment processor for a UAE company (an IBC, not an onshore one) that also can accept and payout in USD / EUR? Stripe allows me to create one, but I am limited to AED...