Dubai is dead, any alternative to the free zone 9% tax?

[JackieTsan]

Having UAE company and facing significant issues with EMIs and I was wondering why.. Thanks‌ to the amazing guys in one EMI and some amazing guys here I found out‍ this https://finance.ec.europa.eu/financ...ng-financing-terrorism-international-level_en
How it's possible? And then we are discussing about UAE companies, + 9%⁠ + ....
Opinions?

 

[manukahoney]

You would struggle with any jurisdiction not matching your EMI. Try‍ opening a EU EMI for a Singapore company for instance, most of them are not⁠ working with any setup outside of EU/UK. Some do and then charge excruciating fees.

For UAE you have WIO, mbank and others - they open business accounts with less hustle.⁤
And unlike high street banks you get USD/EUR/AED accounts and can send and receive payments⁣ straight away. For those who wonder - US to UAE usd payment takes a few⁢ hours, my UAE to EU payments in usd take 10 minutes to settle. There is︀ no big issues with payments, but there is a lack of good banks and proper︁ EMIs in UAE as of now.

 

[CharlieHarper]

Yeah not to mention in another thread JackieTsan mentioned he doesn't have UAE residency. So yeah that's that too.

 

[lagloriacubana]

Yeah not to mention in another thread JackieTsan mentioned he doesn't have UAE residency. So‌ yeah that's that too.

 

[providenceventurer]

I am in the same boat it seems.Having⁣ residency in Dubai and staying on tourist visa in phillipines

 

[providenceventurer]

Can you elaborate on the 600$ Hongkong licenses︀ any links etc are well appreciated.

 

[wonderfulboy]

have you tried The Kingdom Bank or⁤ @Wallester ?