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UAE vs Cyprus for crypto trading company

For a crypto trader Cyprus is a good option as a crypto-to-crypto swap is not a tax event; if a trader has to pay 9% tax for each profitable swap than Dubai is not a great option.
That I don't know, but do I get taxed for trading crypto in Dubai ? I mean if I do it from a personal Binance or Kraken account?
 
There have already been a lot of threads about Cyprus vs. UAE, and Cyprus isn’t crypto-friendly yet. According to some of the consultants we have here on the forum, they’re only just starting to adapt to it now. So, UAE is probably the better choice.
 
That I don't know, but do I get taxed for trading crypto in Dubai ? I mean if I do it from a personal Binance or Kraken account?
Not sure, but it seems it depends on the amounts involved and the frequency of trades; something like the badges of trade.
Binance or Kraken might report your account to the tax authority.
Talk to a tax expert to be sure.

There have already been a lot of threads about Cyprus vs. UAE, and Cyprus isn’t crypto-friendly yet. According to some of the consultants we have here on the forum, they’re only just starting to adapt to it now. So, UAE is probably the better choice.
Only banks are not crypto-friendly in Cyprus. Reading on this forum there's no issue in opening a company and trading crypto, just bank abroad.
 
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Only banks are not crypto-friendly in Cyprus. Reading on this forum there's no issue in opening a company and trading crypto, just bank abroad.
yeah that could possibly work. Wise does not open accounts for Cyprus companies yet, so it's required to find alternatives for CY companies.
 
Not so far, kraken does not since Binance is US government owned now (joking) they will report you for sure.
I would just pay the 9% tax bill on crypto-trading activity without relying on the fact they don't report your account to the UAE tax authority.
It's very easy for a CEX to provide the amount of tax a trader has to pay if they are requested by the authorities.
 
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I would just pay the 9% tax bill on crypto-trading activity without relying on the fact they don't report your account to the UAE tax authority.
It's very easy for a CEX to provide the amount of tax a trader has to pay if they are requested by the authorities.
But if you are a trader who does not have a company would you still pay the 9% which is a corporate tax?