UAE crypto trading company with personal funds only. What are my options?

[blanco]

you dont need another tax residency if all you worry about is a southeast asian banana republic .
Just reduce time there.

Sure I could stay out of Thailand for 180 days, but it's not that easy for me and I need somewhere to withdraw to FIAT to pay for things.

 

[JackAlabama]

Sure I could stay out of Thailand for 180 days, but it's not that easy for me and I need somewhere to withdraw to FIAT to pay for things.

then no other tax residency will help you anyway either.

 

[blanco]

then no other tax residency will help you anyway either.

Does UAE share info like CSR?
I know UAE and Thailand has a DTT, however I haven't read it yet and I assume with lower taxes in UAE I would have to pay the rest in Thailand.

So only way would be an offshore bank in the Caribbean that doesn't mind fiat coming from a crypto exchange?

 

[JackAlabama]

Does UAE share info like CSR?
I know UAE and Thailand has a DTT, however I haven't read it yet and I assume with lower taxes in UAE I would have to pay the rest in Thailand.

Thats the road to bureaucracy hell you most likely dont want to go down.

 

[blanco]

Alright I'll just buy gift vouchers for my crypto then and do f2f cash

 

[RAGAV]

Yes, no limits, no reporting. That accountant went to many workshops about corporate tax and everywhere it was said that personal trading isn't taxed.

Also another friend's accountant said the same thing.

Though I'm still waiting for the government clarification, who knows accountants might be wrong. But what they say sounds promising.

In UAE, do we need any business license from any authority if we trade huge volumes (stocks, derivatives, futures etc) on US markets in personal account? [Main primary activity being trading, using personal funds and not providing any services to third parties]?

Or if we need to undertake trading as a business activity due to active involvement, do we need freelancer permit or freezone LLC business license? Which freezone and license is appropriate for active trading?