Payment processor for UAE (RAKICC) company?

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OJ333

New member
I have tried to find information about this in this section of the forum but could not. Do you have any recommendations for a payment processor for a UAE company (an IBC, not an onshore one) that also can accept and payout in USD / EUR?
Stripe allows me to create one, but I am limited to AED, which is useless since I can't literally find an EMI that will support AED.

Thanks in advance
 

cer955

New member
paytabs.com seems to support UAE companies and fees are similar to Stripe, plus they can payout in EUR and USD as far as I know.
I don't have first-hand experience with them, so let us know how it works for you.

Wrap it in a UK LLP and sign up for a Stripe account.
Doing this, the UK LLP would be the "seller", not the UAE company, right?
That may have VAT implications.
 

pesto

Offshore Agent
Mentor Group Gold
There is no need to pay or charge VAT for a UK company if you don't sell to the UK. Just do the reverse charge labeling of your invoices.
 

cer955

New member
There is no need to pay or charge VAT for a UK company if you don't sell to the UK. Just do the reverse charge labeling of your invoices.
If you sell B2C to EU countries, AFAIK you’re required to register for a VAT number in the specific country
 

lostguy

Mentor Group Gold
yeah you need to do so for B2C, but if you keep small volume you will simply not get trouble if you don't do so as an non resident of the UK.
 
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