Recent content by Nomad POV
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Setting up in Dubai for crypto trading
You are welcome. I have contacted you directly. Please check your profile conversations.- Nomad POV
- Post #11
- Forum: Tax, Accounting, Licensing & Legal
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Setting up in Dubai for crypto trading
Hi, yes, Dubai seems a good option. Basically you can either to do crypto activities in the company or at individual level. Trading on behalf of the company adds additional challenges from legal point of view (it we follow all regulations precisely). For example, as a general rule you can pay...- Nomad POV
- Post #9
- Forum: Tax, Accounting, Licensing & Legal
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Setting up in Dubai for crypto trading
Having proper Dubai set up, significant time spent in Dubai and tax residency certificate you might be safe. It would allow you also to maintain certain level of physical and social substance in the UK during the same year. Tax residency certificate shall protect you up to certain level. If...- Nomad POV
- Post #5
- Forum: Tax, Accounting, Licensing & Legal
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Legal structure NFT project - 115M valuation
There are three aspects you have to consider. First, direct corporate taxation (corporate income tax), second ”“ VAT, third ”“ taxation of individuals (salaries or any other payments). Legal set up depends on many factors. Mainly, tax residency countries of beneficiaries, place of effective...- Nomad POV
- Post #7
- Forum: Offshore Company
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Bank Account for Cyprus Limited
Hi, If you live in Cyprus, so have local rental and utility, plus properly established company, plus IT background (your CV matches activities of the company) it should not be very complicated to open bank account in Bank of Cyprus or Sepaga (EMI licensed in Cyprus). On the other hand I...- Nomad POV
- Post #8
- Forum: Offshore Bank & EMI Accounts
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What happens if you don't register for VAT in Dubai?
If local banks start asking about VAT, companies will start to register faster. But then late registration penalties would apply. Importance of VAT registration in UAE is still different comparing to EU. However, to ensure compliance to legal requirements, building a substance and avoiding...- Nomad POV
- Post #8
- Forum: Offshore Company
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What happens if you don't register for VAT in Dubai?
Basically every entity with turnover exceeding AED 375 000 should either register for VAT or to apply for VAT registration exemption. You can apply for exemption if all transactions are zero rated. For example all customers reside / are established outside UAE (in case customer is individual ”“...- Nomad POV
- Post #6
- Forum: Offshore Company