SWISSMONEY Iban Accounts with Sepa

Our valued sponsor

EmiratesSetup
SWISSMONEY Iban Accounts with Sepa
EmiratesSetup

UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

#141
shikari said:
IB needs a proof of residence and the EJARI is the best and only proof of residence that matters to them. The EJARI is a long term contract for rent, which you can cancel after 1-3 months. You'll find people who will do this but expect to pay 8 to 10 thousands AED. You can rent the shittiest place for 3 months or a place where you actually live for a couple of months.
Click to expand...
I'm asking because this guy couldn't open IB account with EJARI contract (unsigned/unstamped). However, bank statement with local address usually works, I mean, it was always accepted for my EU address when I had to extend W8BEN.
 
#142
zzzzzz said:
I'm asking because this guy couldn't open IB account with EJARI contract (unsigned/unstamped). However, bank statement with local address usually works, I mean, it was always accepted for my EU address when I had to extend W8BEN.
Click to expand...
The EJARI which is accepted is only the electronic form registered at the dubai land department, which can be checked by Interactive Brokers for validity. The paper version is worth nothing. The bank opens your account without any proof of address, so what's written on the bank statement can't nbe used, you can put a PO BOx as your address, so it should not work for IB, but you can of course try. Only use for having an address on bank statement has been so far for proof of address for company renewal in San Vincent and the grenadines.
 
#143
shikari said:
IB needs a proof of residence and the EJARI is the best and only proof of residence that matters to them. The EJARI is a long term contract for rent, which you can cancel after 1-3 months. You'll find people who will do this but expect to pay 8 to 10 thousands AED. You can rent the shittiest place for 3 months or a place where you actually live for a couple of months.
Click to expand...
Not only ejari, bank statements and the usual utility bills also work as they do for any halfway decent institution.
 
  • Like
Reactions: Fred
#144
JackAlabama said:
Not only ejari, bank statements and the usual utility bills also work as they do for any halfway decent institution.
Click to expand...
IB told me bank statements didn't work. When I opened the bank account I put an address for the bank and there was no control whatsoever on it. There are international banks where you can do trading that DO require a Proof of Address, so a bank statement from Citybank might work, while a bank statement from CBD or NBD might not work. And of course DEWA bills work, but the ejari is much easier/quicker to have, I mean you need an EJARI to have a DEWA bill. You can do the ejari, register it with dubai land department, open all the accounts and cancel the ejari in 15 days.

JackAlabama said:
Not only ejari, bank statements and the usual utility bills also work as they do for any halfway decent institution.
Click to expand...
I mean, I tried it, it would have saved me 9000 AED. Nothing wrong in trying of course, that's super easy to get.
 
Last edited:
#149
Thanks for post but can we keep to thread topic please. How did we get from UAE tax discussion to Ukraine :confused:
 
  • Like
Reactions: EliasIT, NamR and karishi
#150
JackAlabama said:
Depends on your specific target, but generally yes.
It works as well. It does work for visa applications as well where you need to show wealth or/and income.
Click to expand...
What do you mean?If you have to transfer residency to UAE, Italy for example doesn't accept bank statements as proof of residence, they want a tenancy contract and more.

yeongsu said:
Will the same work for personal account as well?
Passport with residence visa + Emirates Id + Dubai personal bank account statement.
Click to expand...
For Interactive Brokers account, it didn't work for me.
yeongsu said:
Will the same work for personal account as well?
Passport with residence visa + Emirates Id + Dubai personal bank account statement.
Click to expand...
for me it hasn't worked. I mean I tried sending the bank statement as a proof of residence ( it was an address and not a PO BOX on the bank statement ) when opening the account and IB said that it was not a valid Proof of Residence. Try anyway, if they say no, do the EJARI.
 
Last edited:
#151
Martin Everson said:
Well whose gonna complain out there? There is no free press in UAE, no protests allowed and no slander...sorry criticism of UAE rulers allowed. Add the fact they have a non-independent judiciary legal system far less advanced then Julius Caesars - year 40 BC (Before Christ), thumbs up and thumbs down in the arena system and you get the picture.
Click to expand...
Just because
 
#152
RealDude said:
Just because
Click to expand...

Just because what? ns2

Fun and games over keep to topic or start a new thread. I am gonna remove my own posts too where I have violated that rule also.
 
#154
RealDude said:
Self-censorship?
Click to expand...

Yes I am not above anyone else in keeping threads on topic. I am Rasputin not Vladimir Putin :D. I have a loud mouth and joke a lot in threads but I am gonna try and keep stuff on topic going forward ange¤%&
 
  • Like
Reactions: karishi
#156
shikari said:
What do you mean?If you have to transfer residency to UAE, Italy for example doesn't accept bank statements as proof of residence, they want a tenancy contract and more.


For Interactive Brokers account, it didn't work for me.

for me it hasn't worked. I mean I tried sending the bank statement as a proof of residence ( it was an address and not a PO BOX on the bank statement ) when opening the account and IB said that it was not a valid Proof of Residence. Try anyway, if they say no, do the EJARI.
Click to expand...
well yah the leading places in the EUDSSR are surely more tricky.

Try it again, it took me as well like 3 times until accepted due to some address mismatch or some bs like that. It needs to match the exact spelling you entered in IB, otherwise some moron might complain (hence you can try a couple of times).
 
#157
shikari said:
I mean I tried sending the bank statement as a proof of residence ( it was an address and not a PO BOX on the bank statement ) when opening the account and IB said that it was not a valid Proof of Residence. Try anyway, if they say no, do the EJARI.
Click to expand...
Does EJARI contract stay online for download/archive purposes, or is deleted if it's canceled/expires?
 
#159
Fred said:
If you go the property route you can get an investor visa which indeed allows you to visit only every 365 days the UAE - however that's not possible through FZCO incorporation - Ras Al Khaimah did issued in the past investor visas through FZE incorporation - however they had still the requirement of the 180 days. Which makes sense as the Visa through the company always follow the fact that you are employee of the company somehow.
Click to expand...
My mistake! That couple opened mainland company, not freezone. Are there any differences between freezone and mainland company in costs, accounting...etc.? Is the requirement for investor in mainland company, visiting UAE at least every 360 days?
 
#160
zzzzzz said:
My mistake! That couple opened mainland company, not freezone. Are there any differences between freezone and mainland company in costs, accounting...etc.? Is the requirement for investor in mainland company, visiting UAE at least every 360 days?
Click to expand...
With Mainland a lot of more bureaucracy is involved due to VAT, Audit and Accounting.
 
You must log in or register to reply here.
EmiratesSetup

Forum Announcement

Latest Threads

SWISSMONEY Iban Accounts with Sepa
Offshore Bank Accounts
The KingDom Bank
Top Bottom
Back