Bank Acc for UAE E-comm

[alischuler83]

Hi.

Can anyone recommend any UAE bank for e-comm business ? (payments in many foreign currencies)

 

[TurnedToRobot]

You want to have a look at this thread RAK uae CORP + VISA

 

[alischuler83]

I read all inked thread but still got some questions.

Somebody wrote there that somebody been caught by UK HMRC having a company in UAE and had to pay back taxes or went to jail.
Am I safe if starting legit FZE in UAE and live in UK for example ? (visa, emirates ID etc?)
Do I need to go to UAE every 180 days to keep residency having FZE Company?
Which bank account is good to e-commerce business?

 

[TurnedToRobot]

Somebody wrote there that somebody been caught by UK HMRC having a company in UAE and had to pay back taxes or went to jail.

If you get cought yes you will hve to py the tax or go to jail. Anyway, if you setup the RAK corp the right way i.e. find a good agent that is able to help you with and you pay the 15k$US it costs on a annual basis I wouldn't be afraid of setting up a company in the UAE.

 

[alischuler83]

Anyway, if you setup the RAK corp the right way i.e.

what does it mean ? In my case it's not RAK. Having a visa and residency and getting money to resident bank account I am safe when live in EU or UK.

 

[TurnedToRobot]

Safe and Safe it's difficult to say, but you can find a lot more threads on this forum about it. You need to speak with some of the agents that setup RAK corps with banking, it seems it is one of the very few ways to hide from the taxman if setup correct.