Don't know about rakkicc specifically but a freezone company with a resident owner is ok.
Yes all freezones will have taxes on 9% on their profit except for certains exempted activity or under a certain amount.
We have both... currenxie rate are so low that is not really an issue but we are dealing by only few transactions for large amount. Could be taxing if you are waiting for myriad of little transactions..
CURRENXIE : Easiest opening for me, they offer multiple local bank accounts in different currencies. It saved after so long waiting for uae banks
Paysera : they had to change their validation process because it was wrong for Freezones companies but they fixed it (at least for mine). However...
Very condescending answers here... I know that some shell companies, boggus invoices and crypto/fiat payment could do the trick... It's also basically money laundering and I was talking about keeping my profile clean as I have legitimate businesses. I also have all my cryptos on an exchange so I...
I just said I'm in dubai and most banks don't touch crypto at all... also said that i have a debit and a credit card that pays in crypto or fiat but some development just ask for good old fiat money in a brick and mortar bank...
Yes that's what is now flagged by EMI and some banks. Most exchange have recognizable pattern in their IBAN and revolut for example is blocking them. :/
First of all, BTC isn't crypto in general. Moreover volatility goes both ways. For crypto payment I have both a debit card and a credit card...
I've got some cryptos, no excessive amounts but alright.
I never invested in crypto any amount that I was not prepared to loose or needed to get back in standard fiat banks so I never really looked into it.
I heard that most banks freeze your account if you ever send FIAT money from known...
You are quite lucky. Complete legitimate business here but I have to review my KYC questionnaire once every two months, during the verification the account is inactive (basically frozen) until validated... again and again.. depending on the timing, it comes with headaches (paying wages and so on)
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