UAE residence visa cheapest option
- Thread starter marlog
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Yes, the UAE ESR portal is a complete disaster.
There are several types of penalties. My︀ friend received a 50.000 AED fine last week because of a Freezone mistake and now︁ trying to fix it.
The problem is︄ the scope of relevant activities. A simple software business can easily fall into "IP Business"︅ or a simple consulting business can fall into "Distribution and Service Centre Business".
There are several types of penalties. My︀ friend received a 50.000 AED fine last week because of a Freezone mistake and now︁ trying to fix it.
The problem is︄ the scope of relevant activities. A simple software business can easily fall into "IP Business"︅ or a simple consulting business can fall into "Distribution and Service Centre Business".
Unfortunately they will have to start invoicing and paying into︀ the company bank account. Ofcourse their licence should match the invoices.
ESR was brought in︁ to clean up shell companies especially in the required sectors.
Tell your clients to make︂ some invoices and pay into their bank accounts.
ESR was brought in︁ to clean up shell companies especially in the required sectors.
Tell your clients to make︂ some invoices and pay into their bank accounts.
ESR = economic substance regulations, see https://mof.gov.ae/en/strategicpartnerships/pages/esr.aspx
Check the update published in 2020 (here: https://mof.gov.ae/en/StrategicPart...ing_Cabinet_Resolution_No__31_of_2019 (2).pdf)
Check the update published in 2020 (here: https://mof.gov.ae/en/StrategicPart...ing_Cabinet_Resolution_No__31_of_2019 (2).pdf)
IIRC, this type of visa doesn‘t allow for establishing your tax residency in the country.
You are being granted “resident like” privileges ie. entering a housing rental contract, dewa, unlimited border entry/exit clearance etc but it clearly does not allow you to reduce your tax obligations by swapping your tax residency for UAE.
It has been︀ designed for Workation type of tourist, who have their tax obligations taken care of in︁ another jurisdiction.
You are being granted “resident like” privileges ie. entering a housing rental contract, dewa, unlimited border entry/exit clearance etc but it clearly does not allow you to reduce your tax obligations by swapping your tax residency for UAE.
It has been︀ designed for Workation type of tourist, who have their tax obligations taken care of in︁ another jurisdiction.
I'm still considering this visa Work remotely from Dubai | Business in Dubai once and I'm hoping someone can help me.
After getting that visa I am thinking of applying for Estonian e-residency with emirates id and opening an Estonian OU. It seems that I can then pay myself employee salary tax free? Frequently asked questions | Xolo FAQ I'm not sure if I would then cause PE and Estonian company would actually be considered UAE company and if this would be allowed with Dubai remote worker visa?
Estonian OU is attractive to me because with Xolo I could probably get a business bank account at a real bank (LHV) instead of going with EMI personal account (no Wise nowadays︀ so Paysera)
What are the rules for UAE resident running an Estonian OU or UK︁ LLP with regards to CFC, permanent establishment etc.? I wouldn't want to break any UAE︂ laws with this setup so can someone please share any experiences. Maybe @rowena can share︃ some info, I've read your post Question - Tax Strategy for Zero Tax UAE &︄ Estonia Setup
After getting that visa I am thinking of applying for Estonian e-residency with emirates id and opening an Estonian OU. It seems that I can then pay myself employee salary tax free? Frequently asked questions | Xolo FAQ I'm not sure if I would then cause PE and Estonian company would actually be considered UAE company and if this would be allowed with Dubai remote worker visa?
Estonian OU is attractive to me because with Xolo I could probably get a business bank account at a real bank (LHV) instead of going with EMI personal account (no Wise nowadays︀ so Paysera)
What are the rules for UAE resident running an Estonian OU or UK︁ LLP with regards to CFC, permanent establishment etc.? I wouldn't want to break any UAE︂ laws with this setup so can someone please share any experiences. Maybe @rowena can share︃ some info, I've read your post Question - Tax Strategy for Zero Tax UAE &︄ Estonia Setup
https://gulfnews.com/uae/uae-to-grant-golden-visas-to-100000-global-coders-1.80584034
Maybe this is interesting for someone
Maybe this is interesting for someone
Every month or in week they come up with new Initiate some works , some just become archieve.
like they announce 5 year tourist visa , still there is no update on that .
It is normal in Dubai.
Government good in PR . IN reality it sucks
like they announce 5 year tourist visa , still there is no update on that .
It is normal in Dubai.
Government good in PR . IN reality it sucks
Yes, it should be allowed under that visa,︅ but I think the company has to have been in business for a couple years.︆ You have to be able to prove minimum salary of USD 5000 per month. So︇ it only works with existing companies.
You could get a different kind of visa (e.g.︈ freelance visa) - but I'm not sure if it would be legal for you to︉ work for your Estonian company without having registered a branch.
The safest option would probably︊ be to just register a branch of your Estonian company in the UAE. Depending on︋ which freezone you register in, it can be quite cheap.
You could get a different kind of visa (e.g.︈ freelance visa) - but I'm not sure if it would be legal for you to︉ work for your Estonian company without having registered a branch.
The safest option would probably︊ be to just register a branch of your Estonian company in the UAE. Depending on︋ which freezone you register in, it can be quite cheap.
Has anyone with his/her own fzco in dubai aquired one of the 10 year golden visas? Is there any downside to getting one? Does it effect any company documents/bank accounts for example?
Upside would be the convenience of not having to renew for 10 years.
Upside would be the convenience of not having to renew for 10 years.
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