dubai

Hi all, It seems trading stocks, cryptos, etc... (being day or swing trading) with personal funds could be seen as a speculative activity in UAE and hence be categorized as a commercial business (and to CIT). See thread and sources in: Tax on trading in the UAE It also seems any virtual works...

I have recently been checking the financing requirements in some luxury car dealerships in Dubai, and they just seem to require me to have a salary certificate and 3 months of bank statements. (Besides Emirates ID card) Do you think they will also ask for some credit report from abroad or...

For me things are pretty complicated in UAE, I don’t understand wether I need to pay taxes on my Freezone company from 01/06/2023-01/06/2024 or does it start from beginning of 2024 till end of year. Need to mention that I fully qualify to pay taxes due to 3M and 375k rule. According to the...

I just watched a video about the situation in Dubai! When you hear about the problems they're facing in generating enough revenue for the area, it completely surprises me, but I'm starting to understand why they're softly introducing a 9% corporate tax! They risk going bankrupt in the UAE if...

Hi everybody can anyone help? I am coming to Dubai and I would like to cash out some ETHs. like 20.000 USD. There are many companies on google but I am looking for any recommendation.

Hey everyone. By now UAE fz CT regulations should be well clarified. So how is it with the corporate tax and fz freelancers doing business with companies outside of the UAE? I keep finding old articles from the last year on google saying freelancers have an obligation to pay the corporate tax...

Hi, let's discuss which country is best for living and trading crypto in terms of taxes, ease of running company and banking. UAE: - 9% tax on profits above 100k USD - Possible to open crypto prop trading company - Banking in local UAE banks is very hard, so one qould need to have offshore bank...

Hello, due to the new corporate tax law in the UAE day traders now need to pay 9% tax on their profits. As it is more advantageous to run a crypto prop trading company than to do trading as a natural person, I am looking to setup a crypto prop trading company in Dubai. Can someone recommend a...

Hello, Even though I have recently created an account, I have been reading the forum for ages and understand many of its members are familiar with and/or have a strong UAE nexus. From my side, I hope to be an active member of the forum and contribute wherever possible. I have been looking into...

Hello! Through the help of this forum I figured that the UAE maybe imposed 9% corporate tax on day/swing traders. The UAE government recently released conditions stating that a natural person (individual) who conducts 'Business' or 'Business Activity' will be subject to the 9% corporate tax...

Hello folks, I am thinking of buying a house in UAE. Problem is, I like my privacy and want to keep being private and not share my ID card to anyone really. I simply prefer privacy and don't want some weirdo agent know my full identity and what I own or not. Therefore I am wondering... If I...

I took the plunge and moved to Dubai in my quest for tax optimisation, but I needed an address for my TRC so I ended up buying a property. It's unencumbered however I would benefit from refinancing into a resident mortgage. Is anyone familiar with the process when you are an employee of your...

So conundrums keep propping up as the world continues to recognise the printing from 2020 has fucked their economies. BVI now under pressure requires accounting submissions [not just accounting done], tonnes of other paperworks, and the UK/West is trying to introduce regulation specific to a...

I hope you're all doing well. I'm writing to gain some insight and clarification regarding the revised Tax Residence Certificate rules in the UAE. As many of you may be aware, the UAE Government, through ministerial decision No.27 of 2023, made amendments to certain provisions on the...

Dear all, We are a Proprietary Crypto Trading company recently created under DMCC free-zone in Dubai, just trading our own funds and capital, with no external investors or 3rd party clients. As you may know, opening a corporate banking account is quite difficult as local banks are not opened...

I'm an EU citizen, looking to relocate to a suitable jurisduction with no capital gains or dividend taxes (my main sources of income are stock trading and dividends). As far as I can see these would not be taxed in UAE. I have been looking at various options to acquire a residency visa and it...

https://www.europeanbusinessreview.com/millionaire-leaving-the-uk-for-dubai/ Hummm.....

What next EU will start telling banks not to offer correspondence banking relationships to UAE banks ;). ----- quote start 25/07/2023 The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has withdrawn as required by EMIR the recognition...

Hello Everyone, It’s been a couple of years now that I’m into Affiliate Marketing, and my monthly income has been growing steadily. Currently, the annual income is around $120k per year. Would you say it's time to form an LLC? Or is it still early considering the expenses/taxes of a company...

I was wondering if it would be a good place to register a company in Dubai for a Cryptocurrency exchange business? maybe @Fred has some insider?