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How to transfer/use money made by crypto

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Linda

New member
I made some money from crypto and would like to use them but cant seem to find a way.

I tried to send them by kraken but my local banks does not accept crypto related investments due to reg from central bank. So as i was reading the forum here and made a revolut account but doesn't allow me to deposit from kraken any money or crypto.
Is there are any ways so i can use these money ? What you would try in my situation
 

Fred

Dubai Expat
Mentor Group Gold
Commercial Service
I made some money from crypto and would like to use them but cant seem to find a way.

I tried to send them by kraken but my local banks does not accept crypto related investments due to reg from central bank. So as i was reading the forum here and made a revolut account but doesn't allow me to deposit from kraken any money or crypto.
Is there are any ways so i can use these money ? What you would try in my situation
It depends on how much money you are talking about. For low sums you can just use some kind of Bitcoin loadable debit card.

In case we are talking about 200.000-300.000$ it's already worth to setup a Dubai company with residence visa and local retail business bank accounts. Here in Dubai are several workarounds to let no-source of fund Bitcoin looks like company earnings without relaying on 3rd persons or some OTC people. The setup is longterm and due to the business bank accounts opened with residence visa it's a non-CRS setup as well.
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
What's your nationality and Citizenship
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
Thanks for info. It sounds like you have valuable information. If I become a member here can you help me with cash out strategies with free zone company in UAE?
No problems, contact details below if you want to discuss further
 
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DLS Dubai Company Formation and banking solution
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