Recent content by YSB

Looking for payment processing solutions for our CBD offer that's scaled to 500 orders/day. our CBs are low and we are based in the US

My question was about a company account.

That is interesting, and just to be clear, we're talking about a business bank account here?

From what I understand ENBD is the hardest to open an account with and they have minimum balance requirement of AED 200,000. Is that correct?

I have a LLC in Shams freezone in the UAE. One of my clients based in the US will be sending a monthly USD amount my UAE bank. I'd like to know which UAE bank has a simple account opening process and doesn't charge a crazy conversion fees from USD to AED? Also is it worth opening a USD...

Actually, i just had a read-through of the ^ remote work visa. Couple of things that won't work for me are its for 1 year only (i'm looking for longer term) and the i have to show a monthly income of $5000 which i don't have officially. In that case maybe a freezone company is a better option?

Thanks that's super helpful! I'm 30 and yes technically i would be a remote worker so that might work best for me. I'll look into this

I'm looking to set up some sort of a an offshore/freezone company in the UAE or get a freelance visa which will allow me to live in the UAE and do personal banking there but i don't really need the company to do any actual work as my setups in other countries are fine for now. So my question is...

Appreciate your input! We will consult with a CPA for sure before making any decisions. Just wanted to see what options are out there. So just to be clear there is no way for a US person to get tax breaks with any kind of setup in the UAE?

The only reason we're using US LLC's is because we use payment processors that work with US companies. I'm still new to the tax stuff so still trying to figure out whats the best way to structure the company. My thinking was that if a UAE company owns the US LLCs it'll be easier to manage there...

We have a partnership between a US and a non-US person that run eCommerce LLCs in the US. For tax purposes we want to set up in a freezone in the UAE and have the UAE free zone company own the US based LLCs. Is this even possible? and what would the best free zones be to set up in to own US LLCs?