Bank Account for Dubai Free Zone Company

[LukeD]

Hello, I established my company in Dubai in RAKEZ Free zone 6 months ago when I was living in UAE and I have an Emirates Business Account, now I want to move abroad and I'd like to maintain my company but open a bank account in another country, better EU. Do you know where they can accept this kind of company? Thanks

 

[Clank]

Currenxie EMI

 

[Martin Everson]

Try 3s Money

P.S Keep in mind depending on where you move to your losing all tax advantages of the company unless you maintain Economic Substance for the company in UAE.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[LukeD]

Exactly, I forgot to mention that I'm moving to Cyprus where I know the taxation for foreign income is 2.5% when you become a resident.

 

[turtle]

Martin Everson said:
Try 3s Money

P.S Keep in mind depending on where you move to your losing all tax advantages of the company unless you maintain Economic Substance for the company in UAE.
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They're interested in companies with a minimum $600K annual turnover but it can be reduced because 3s Money is trying to get a share from UAE market hardly. They got a license from UAE last year and marketing everywhere in DIFC.