NON-CRS SETUP: Dubai Company with FREE Residence Visa and Bank Accounts! - DLS Dubai

@Fred
Hi fred, i've read this whole thread and have learned a lot. I am pleased to see you have many happy customers.
I am interested in your services. This is my situation.
I am from the uk but have lived in SE Asia for over 4 years, i have visited the uk once for around 10 days in this time. I will not be returning anytime in the near future.
I am not working and i cash out a little crypto via p2p exchanges to live on.
I am looking to totally cash out 7 figures from crypto and then at some point maybe invest in property.
I will remain in SE Asia for a while longer but am considering panama for retirement.

After cashing out completely, maybe over 1-2 years and would no longer need the uae company, residency etc. Would i just wind up the uae company and withdraw the cash to my personal bank account in whichever country i am residing at the time.or would you advise cashing out over a longer period?
Would a tax certificate be necessary for me as i won't be returning to the uk anytime soon?
Any advice would be greatly apprehiated.
Thank you.
Steve.
 
Stec72 said:
Stec72 said:
@Fred
Hi fred, i've read this whole thread and have learned a lot. I am pleased to see you have many happy customers.
I am interested in your services. This is my situation.
I am from the uk but have lived in SE Asia for over 4 years, i have visited the uk once for around 10 days in this time. I will not be returning anytime in the near future.
I am not working and i cash out a little crypto via p2p exchanges to live on.
I am looking to totally cash out 7 figures from crypto and then at some point maybe invest in property.
I will remain in SE Asia for a while longer but am considering panama for retirement.

After cashing out completely, maybe over 1-2 years and would no longer need the uae company, residency etc. Would i just wind up the uae company and withdraw the cash to my personal bank account in whichever country i am residing at the time.or would you advise cashing out over a longer period?
Would a tax certificate be necessary for me as i won't be returning to the uk anytime soon?
Any advice would be greatly apprehiated.
Thank you.
Steve.
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Panama does not need any tax certificate etc. So no issues to move there. But the local banks are a pain and will ask many cumbersome questions and will not like your alternative lifestyle. When I did my Panama setup it was very easy as I had a boring normal job and hence all boxes could have been ticked very easily. You will need good attorneys to help you with this.

I would keep the UAE setup as having Panama papers 😉 will make it difficult internationally and many banks will not like you due to its horrible reputation if you plan to maintain anything offshore.
Also should you move thereafter, having funds from Panama banks will make it tough.
I would only wind up UAE stuff in case the place turns around or you are sure Panama will be the last place you will move to and you will stay there and cannot do the required travel to UAE.
 
JackAlabama said:
JackAlabama said:
Panama does not need any tax certificate .
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I'm sorry i was not clear, i was asking if i would need the tax certificate for the country that i am from, the uk.

JackAlabama said:
JackAlabama said:
I would keep the UAE setup as having Panama papers 😉 will make it difficult internationally and many banks will not like you due to its horrible reputation if you plan to maintain anything offshore.
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Ah ok, i understand. I was thinking about investing in a business or property and applying for the friendly nations visa. This idea is for in a few years, so who knows what might of changed by then.

My main focus is to cash out my crypto over the next couple of years. (Hopefully).

Thanks for the info jack.
 
Stec72 said:
Stec72 said:
I'm sorry i was not clear, i was asking if i would need the tax certificate for the country that i am from, the uk.


Ah ok, i understand. I was thinking about investing in a business or property and applying for the friendly nations visa. This idea is for in a few years, so who knows what might of changed by then.

My main focus is to cash out my crypto over the next couple of years. (Hopefully).

Thanks for the info jack.
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Not familiar with UK but why would they ask you for this now as you have lived in SEA for so long and can prove it (e.g. with expenses etc).

FYI, the friendly nations visa as it was is dead since august 2021. Now, you need to invest 200k $ into Panama real estate or get a real job for 2 years.
So regardless what route you take Panama is now more expensive for the quality it can offer in 2021, unless you really plan to stay there and live the typical Panama life.
You can buy property with crypto in Panama.
 
JackAlabama said:
JackAlabama said:
Not familiar with UK but why would they ask you for this now as you have lived in SEA for so long and can prove it (e.g. with expenses etc).
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After reading a bit on this forum, i was under the impression that they could try and claim tax for up to 5 years especially if i'm not registered tax resident anywhere else. I could wrong or maybe its been advised to wait 5 years just to be on the safe side.
JackAlabama said:
JackAlabama said:
FYI, the friendly nations visa as it was is dead since august 2021. Now, you need to invest 200k $ into Panama real estate
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My intention was to invest in a buisness or property, $200k+. That is the same conditions as the friendly nations visa, i think.
 
Stec72 said:
Stec72 said:
After reading a bit on this forum, i was under the impression that they could try and claim tax for up to 5 years especially if i'm not registered tax resident anywhere else. I could wrong or maybe its been advised to wait 5 years just to be on the safe side.
f
My intention was to invest in a buisness or property, $200k+. That is the same conditions as the friendly nations visa, i think.
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Im not familiar with the UK and that might very well be but since you basically did not have that anyway for the last 4 years, you can only have that desired document for year 5.

Not exactly. You will get a two year temp card and then if after two years you maintain the same investments as at the beginning, you will get the PR / cedula.
Whereas the real friendly nations was temp card for 6 months and automatic PR / cedula within these 6 months. Panama did not recall all these cedulas / PRs with these amendments. Investment under FN was 5k $ as bank deposit which could be withdrawn right away.
The economic independent visa was a 300k investment if I recall that correctly that was the one which was most similar to what they do now. Job route also more or less remains the same whereas checks increased now.
 
Stec72 said:
Stec72 said:
@Fred
Hi fred, i've read this whole thread and have learned a lot. I am pleased to see you have many happy customers.
I am interested in your services. This is my situation.
I am from the uk but have lived in SE Asia for over 4 years, i have visited the uk once for around 10 days in this time. I will not be returning anytime in the near future.
I am not working and i cash out a little crypto via p2p exchanges to live on.
I am looking to totally cash out 7 figures from crypto and then at some point maybe invest in property.
I will remain in SE Asia for a while longer but am considering panama for retirement.

After cashing out completely, maybe over 1-2 years and would no longer need the uae company, residency etc. Would i just wind up the uae company and withdraw the cash to my personal bank account in whichever country i am residing at the time.or would you advise cashing out over a longer period?
Would a tax certificate be necessary for me as i won't be returning to the uk anytime soon?
Any advice would be greatly apprehiated.
Thank you.
Steve.
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That's absolutely fine.

We serve actually a lot of EU/UK nationals switching at least there Business & Finance centre to Dubai from Labuan/Singapore/Classic Offshore Jurisdictions.

In which timeframe you cashout your Crypto is totally up to you - from technical point of view 7 figures is not really much in Dubai - that's basically the average joe.

About the Tax Residence Certificate - it would be advisable if you have plans to move back to the UK and not having - for whatever reason - any proof that you were living outside the UK for almost 10 years.

Beside of that it's impossible for the UK to claim any tax liability for such a long time period - even when you left the UK 10 years back with just 100£ - what stops you from making millions in a full decade?

As shorter the timeframe is between you are moving out of your home country and moving back and as more funds you are then bringing back and want to declare tax free the more a Tax Residence Certificate is advisable.

However the fact you were physically in 10 years just 10 days in the UK together with your plans of moving to Panama in the next years makes a Tax Residence Certificate absolutely unnecessary.

I mean I see every day people that basically ruin there own life by counting the days and having schizophreni like fear of the home country tax authorities while already living outside the country and cutting all the ties etc.

About Panama - @JackAlabama already mentioned everything - it doesn't matter for what you have in mind and if you want to pay yourself a one time dividend to a Panama Personal Account from your UAE Bank Account - no issue - at least from the UAE Bank side.

The UAE Banks are not having problems of sending funds to classic Offshore Jurisdictions - we already served several agents selling Vanuatu Citizenship and couldn't send the funds with there EU based or Offshore based Bank to the Bank of Vanuatu - the whole point of there Dubai setup is to be able to send USD to Vanuatu.

In my personal opinion and what I have seen in practice from clients with existing Panama setup - they all regreat it big and some even claim they feel like a skunk not getting rid of the smell of Panama.

I mean forget to get onboarded from IBKR or something similar with Panama Residence - however that's entirely your decision.

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Fred said:
Fred said:
That's absolutely fine.

We serve actually a lot of EU/UK nationals switching at least there Business & Finance centre to Dubai from Labuan/Singapore/Classic Offshore Jurisdictions.

In which timeframe you cashout your Crypto is totally up to you - from technical point of view 7 figures is not really much in Dubai - that's basically the average joe.

About the Tax Residence Certificate - it would be advisable if you have plans to move back to the UK and not having - for whatever reason - any proof that you were living outside the UK for almost 10 years.

Beside of that it's impossible for the UK to claim any tax liability for such a long time period - even when you left the UK 10 years back with just 100£ - what stops you from making millions in a full decade?

As shorter the timeframe is between you are moving out of your home country and moving back and as more funds you are then bringing back and want to declare tax free the more a Tax Residence Certificate is advisable.

However the fact you were physically in 10 years just 10 days in the UK together with your plans of moving to Panama in the next years makes a Tax Residence Certificate absolutely unnecessary.

I mean I see every day people that basically ruin there own life by counting the days and having schizophreni like fear of the home country tax authorities while already living outside the country and cutting all the ties etc.

About Panama - @JackAlabama already mentioned everything - it doesn't matter for what you have in mind and if you want to pay yourself a one time dividend to a Panama Personal Account from your UAE Bank Account - no issue - at least from the UAE Bank side.

The UAE Banks are not having problems of sending funds to classic Offshore Jurisdictions - we already served several agents selling Vanuatu Citizenship and couldn't send the funds with there EU based or Offshore based Bank to the Bank of Vanuatu - the whole point of there Dubai setup is to be able to send USD to Vanuatu.

In my personal opinion and what I have seen in practice from clients with existing Panama setup - they all regreat it big and some even claim they feel like a skunk not getting rid of the smell of Panama.

I mean forget to get onboarded from IBKR or something similar with Panama Residence - however that's entirely your decision.
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@Fred Thank you for the info. I will be requiring your services as soon as is possible for me to get to dubai, unfortunately not for a 2-3 months.
I would like to srart the process before arriving in dubai if possible. I will contact you via your website sometime soon.
Thank you.
 
https://twitter.com/x/status/1439998895090802688

E_vnXA4XsAMcDMU.webp


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Hi all! Just wanted to update that Fred and his team did a great job in completing my setup. I did everything expedited which I paid extra for and got it done in 28 days. Got my online Emirates ID on the 8th day and then the rest of the time was basically waiting for the business bank account. The business bank account people are not the easiest to deal with as others have mentioned, they delay things for no reason but eventually all went through.

The physical printing of the Emirates id is delayed so Fred's personal banking contact is quite helpful is easing the process. Took 1 day to get the personal bank account.

Tip: If you have android dark mode on you will not see the Emirates id correctly through the online app! Took me a couple of days to figure that out
 
Kol019201 said:
Kol019201 said:
Before BTC will crash again.
You can't setup any cash out solution in a few hours, needs some preparation.
So prepare now or you will sit there at a 200k BTC and won't sell because you don't know where the USD can go.
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That's quite stupid, you don't need to sell spot to hedge against the downside risk, there are millions of solutions now, it's not 2015. But yeah regardless having good banking setup and tax planning definitely important and Fred seems very knowledgeable and perfect guy who can help with this.
 
@Kol019201
Thanks for the feedback and support!

@WoodLord88
All good - @Kol019201 is just excited that he made the move early 2021 and everything is working out as planned - even with the BTC price actually.

Appreciate if we could stick back to the topic and keep the thread clean.

Thanks.

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@Fred

Dear Fred,



I went through the whole thread carefully and want to thank you in advance for sharing yet this much information.

However, I still have some question from which I hope you will be able to answer them .



  • Source Of Funds: I am a female webmaster that is in the escort directory niche (running an advertising platform for escorts worldwide). As a Source of Funds we can set up a company that is active in the advertising niche. Because in essence I am active in the adult niche, will it be possible to get problems in Dubai as I do not want to end up in jail?
  • Tax Residence Certificate: In the EU I have a +1 000, 000 euros debt which I am not planning to pay and I do not want any EU country to know that I am cooperating in Dubai. Is something like that possible?
  • Bank Reference Letter: Will the banks in Dubai ask for Bank Reference Letters?


Again, the business I run online is 100% legal. It is a platform for advertising escorting services with good amounts of traffic.



Thanks so much in advance for your help and advice!
 
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