Recent content by petal355

"Governments could still set whatever local corporate tax rate they want, but if companies pay lower rates in a particular country, their home governments could "top-up" their taxes to the minimum rate, eliminating the advantage of shifting profits." Interesting Does it mean this is applied...

Hello, I am seeing more and more people aqking for Shariah compliant Defi protocol, does it mean it is forbidden to use as an uae resident some defi lending protocols ? I quote the law : "It is illegal in the UAE to give a loan on interest by an individual to another individual or a corporate...

Is that possible and easy to open accounts in EU or swiss banks as uae resident? Ps I see people on facebook dealing with outrageous fee for personnal transfers from binance, bitoasis or whatever, wonder why they dont just use a european bank if its possible

Hi, I was wondering if it was allowed in Dubai to perform online day trading, of your own funds, as a peofessional (not a few trade per year but an infinite amount), as your principal activity, while holding an investor Visa. Question is are you allowed to trade your personnal funds as your...

Hello, assuming you already did the medical check and passport stamping, how much more time it will take to get the actual EID in your hands? I read different things about it, some mention its instabtly other a month. Thanks

I am not sure you got me. I was meaning to do all the trade as an individual (without licence and not under the company), but instead as an individual which actually moved his personnal tax residence to UAE, just trading under his own name, his own balance, with a lot of orders, volume, and...

Simple question for the experts : Can you just open a dummy freezone which will remain inactiv and let the bot trade your own personnal funds professionally but without tax as it will be your personnal account balance and you would be tax resident there ? The broader question is can you trade...

How would you structure as a online financial day trader as every consultant I could see adviced not to pick any financial freezone activity

But if these profits are personnal capital gains on crypto sales, thus not reportable (not salary), isnt it an issue if your only income derive from it

I think some countries have tax treaty with uae but applied only for emirati citizen so the same as if there werent any. Correct me if Im wrong but the most important is not to spend 80/90% of time in UAE but it is to spend less than 10/20% in your citizenship country to make sure you dont...

Can you use the company as a mere visa provider and let it inactive without business bank while getting the residence for yourself and trade only on your name. 1) will the uae bank let you open and maintain personnals account if u dont get salary effectively transferred (inactiv fz) and...

Thanks 234, golden and Konstanz for the discussion. In my example : The idea is to respect the 183 days+ presence and have a real long term rental in the uae, as well as proofs as daily food delivery orders that show that you actually live there. To respect that honestly on this point...

You said otherwise on your message of 28 march, you mentionned about qualifying to the tax residence in UAE and obtaining the certificate if your company is not active (without bank, activity, thus without uae sourced salary as its what happened to many) : I quote your 28 march message : "So...

I mean even after 500 days, if you just own a property and get visa throught it, then live in dubai 500 days in a row it doesnt seem that you qualify for tax residence as for example for getting their tax reseidence certificate, need a proof of income in UAE which is not given by the only fact...

I think that if you come with a real estate visa you do not qualify for personnal tax residency at least according to their website as they say they require proof of a local UAE business income