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CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
8K according to my research it takes at least 17K in Dubai to incorporate in FZ , I am looking for full ownership no sponsorship , seems ded.ae only for joint companies with local? maybe freelancer visa is the best option.
€8K is about AED 35K
 

joffreylol

New member
4K Substance, is what you need to show for the structure to truly work if you do not reside in the UAE at a personal level.
Utility bills, residential address with Government registered tenancy agreement

Thanks for clarifying. I am wondering if I can get around paying money forming and maintaining company in Dubai by getting a remote worker visa instead? Remote work visas - The Official Portal of the UAE Government

Is paying only 4k per year enough for substance to have a personal bank account. My plan would be to save on costs of forming and maintaining UAE company using UK LLP with Transferwise instead. Can I only come twice a year and pay 4000€ to have substance? I don't make a ton of money and with the new remote worker visa I wouldn't need to waste money for a Dubai company. That is if my plan can work.
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
Yes that can work so long as you are not a UK resident.
 

joffreylol

New member
I think it means UK LLP tax savings would work if you are not UK resident. Previously I asked if I could use UK LLP and Wise but didn't specify that I'm not a UK resident.
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
As a UK resident or any major ties to the UK could deem you tax resident in UK then you are liable for income tax.
 

jahmac

Mentor Group Gold
Yes, ESR is basically mandatory now, if your agent is not doing it then get one that does. It's more money but if you have gone this far to set up a structure you might as well do it properly. The main thing is the substance for the individual that is the key to the whole set up.
No one wants to pay this and then complain when the structure fails.
ESR only if your business falls into that listed business category.
 

ilpablo

New member
So the UAE Remote Working Visa + LLP Uk is a 100% legal and tax-free combo?

300$ for the VISA + the cost of maintenance and you only have to visit Dubai every 180 days right?

How much it cost to create the substance (rent an apartment) and renew the residence permit?

Dubai doesn't have any laws against you owning and managing a tax transparent company abroad while being tax resident there?

thanks
 

ih8socialism

Active Member
So the UAE Remote Working Visa + LLP Uk is a 100% legal and tax-free combo?

300$ for the VISA + the cost of maintenance and you only have to visit Dubai every 180 days right?

How much it cost to create the substance (rent an apartment) and renew the residence permit?

Dubai doesn't have any laws against you owning and managing a tax transparent company abroad while being tax resident there?

thanks
Why should they? You are not paying tax anyways lol
 

uplana

Corporate Services
Mentor Group Gold
sooner or later they will get troubles with the rest of the world including the USA - we just have to wait to see it.
 

Davis123

Entrepreneur


Yes you can do all remotely except bank account, as you have to be there to open in person. You can open remotely in another country like Switzerland, Montenegro, Lichtenstein, Mauritius, Seychelles or Singapore. There are some minimum requirements with regards to account balance and the industry.

It's best to use an agent when incorporating, getting ID and bank account opening.

I would be happy to help, contactdetails below
How can I get a bank account in Singapore remotely as they don't like non resident accounts these days. ? I want personal account not a corporate account.
 

fbsworld

New member
Cheapest Free-zone is SPC FREE ZONE located in Sharjah. It is less expensive that Shams! Similar cost to a permit freelance!
 

Davis123

Entrepreneur
Cheapest Free-zone is SPC FREE ZONE located in Sharjah. It is less expensive that Shams! Similar cost to a permit freelance!
What's the cost ? I think the cheapest I found was Hamriyah in Sharjah last time. Maybe SPC is cheaper. Let's compare. Hamriyah is 11k AED license fee.
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
How can I get a bank account in Singapore remotely as they don't like non resident accounts these days. ? I want personal account not a corporate account.
You need an open an account with about 250K minimum. Switzerland would probably be easier.

Your problem is Uncle Sam and not the jurisdiction.
 

Davis123

Entrepreneur
Cheapest Free-zone is SPC FREE ZONE located in Sharjah. It is less expensive that Shams! Similar cost to a permit freelance!
UAE remote working visa is now cheaper just to be a resident in UAE and open up a U.K. LLP company which does look better.
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
UAE remote working visa is now cheaper just to be a resident in UAE and open up a U.K. LLP company which does look better.
Much better option for cost but banking maybe an issue.
 

Davis123

Entrepreneur
Much better option for cost but banking maybe an issue.
Well I think with a remote visa a personal account is possible as per my knowledge but bank accounts in all these smaller free zones other than Dubai are not possible or very difficult to get nowadays.
 
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