UAE crypto trading company with personal funds only. What are my options?
- Thread starter Morzo15
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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?
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?
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 undertake︀ trading as a business activity due to active involvement, do we need freelancer permit or︁ freezone LLC business license? Which freezone and license is appropriate for active trading?
Or if we need to undertake︀ trading as a business activity due to active involvement, do we need freelancer permit or︁ freezone LLC business license? Which freezone and license is appropriate for active trading?
I just looked into this with an agent in Dubai and was told the following, as I was planning to follow the same setup myself.
If you're trading your own funds and not offering services to others, you generally don’t need a license in the UAE, especially if the trading is done via a foreign brokerage (like in the US).
But if you're actively trading as a full time business activity, it might be smart to look at a freezone license just to stay compliant. Something like a consultancy or general trading license (even if not used for clients) can cover you.
Check out DMCC,︀ IFZA, or Meydan Free Zone, they’re popular and flexible with online activity.
If you're trading your own funds and not offering services to others, you generally don’t need a license in the UAE, especially if the trading is done via a foreign brokerage (like in the US).
But if you're actively trading as a full time business activity, it might be smart to look at a freezone license just to stay compliant. Something like a consultancy or general trading license (even if not used for clients) can cover you.
Check out DMCC,︀ IFZA, or Meydan Free Zone, they’re popular and flexible with online activity.
Then it seems like the UAE is actively processing info received by local︀ banks/exchanges, CRS info from the foreign ones and on-chain data of resident's crypto-wallets.
The UAE︁ looks very confusing at the moment, everywhere around the web it's said that crypto is︂ considered capital gain hence no tax if you trade your own funds; then there are︃ agents like the one you enquired saying a different story...
The UAE︁ looks very confusing at the moment, everywhere around the web it's said that crypto is︂ considered capital gain hence no tax if you trade your own funds; then there are︃ agents like the one you enquired saying a different story...
I wouldnt overthink it much tbh, just incorporate in SVG/GI/etc and trade through that company; then pay yourself a salary and take dividends
Wilfred seems to be it for what Ive seen.
Im considering doing this myself as I dont want to continue passing by Dubai every 6 months.
Im considering doing this myself as I dont want to continue passing by Dubai every 6 months.
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