Recent content by Yakooza

Just an update: I stick with WIO. I could open Mashreq but the fees were high and the app wasn't very friendly.

Any other alternative to work with?

From my understanding, that is for the Freezone businesses and not for mainland companies when I tried to sign up asked for Freezone which is not applied to us. Any for the mainland businesses?

Any suggestions?

Hi, What is the best bank/strategy for obtaining personal and business bank accounts in the UAE? We recently registered a Mainland Company and received our UAE ID cards/residency, etc. We opened a Mashreq personal bank account online via their mobile app but are unsure if it’s the best option...

Just an update. Since there was no difference. I have chosen Mainland to register a company

Thank you So from my understanding, $50 to $60k Salary would be okay. How about when the turnover got higher? Is there any way? Bribing the tax agents or anything like that? and for the company itself it is up to 350k Durham per year is tax FREE. Right? How about also put my wife or a relative...

So any difference between freezones and the Mainland? Also what if you as the director giving yourself a big salary like $100k per month? So that is still possible not paying tax on it? Thanks

What setup would it work?

So when they don't know the second company is yours. How they can tax you? Of course, you take a salary and pay tax on that one. Then invest it as real estate in another country. Saying that is heritage or etc. Wouldn't work? What setup would actually work then?

Hi, I was wondering if I have a company in Dubai and a company in the US. For the income. Then register a company in one of the tax-free islands. Then few times a year I invoice those two companies in the US, and Dubai as "Consultancy" or "Services" with my other tax-free company. and so take...

Another question with WIO can you open a PayPal Business account? PayPal is a must.

So does it means you can get an Estonian company without having any transaction there? I mean I don't want to do accounting and taxing in Estonia. I know Wise is not supporting UAE. But with an FZ company can you get an account with Payset and Currenxie?

How about a real bank. Can you get it?

So still you suggesting the Freezone and IFZA is the best I guess? Is it okay to open bank accounts etc? At least we can have Neo banks. Right?