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Thanks for these suggestions. Already done. - I used the police tool earlier today, and nothing. Also spoke with police and my record is clean. "The most likely scenario appears to be a typical instance of banks exerting undue pressure on individuals. Banks often mask their unwillingness to...

I've now received multiple reports of folks having their Wio personal accounts suspended. I can only speak for myself. - No police or criminal case. I have spoken with police and checked on their website. - KYC docs are updated. - No missed or late payments. - No crypto, p2p - No wire deposits...

Confirming at least Post from another forum:

100%. There's a reason I'm in crypto ser...

I know. I added this part as many folks in Dubai (and beyond) try to do things that aren't kosher. ;) I've been pushing. Trust me on this and working multiple channels. This forum has been helpful to me that's why I created this post to create awareness.

Not much. I should get an email within 20 days about the reason and we'll see then, I guess. Assuming SoF documents, etc? All they can share is that the account has been blocked. Each rep that looks through my transactions are equally surprised as I am as to why this has happened. An...

Berserk often doesn't work here, and can make things worse. I'm trying alternative routes.

No. Only local transfers in AED. Most recent transaction was for groceries... Seriously clueless here. No crypto related funds, nothing.

100%.

nope. personal account that was blocked. only used for living expenses...

Quick note to share with the community. Just had my Wio account blocked with no notification or reason. Never done anything strange with the account and the funds are clean. This seems to be happening for several people....

From PwC: "The UAE CT Law provides tax relief for small businesses. A tax resident person may elect to be treated as not having derived any taxable income where the revenue for the relevant and previous tax periods does not exceed AED 3 million during each relevant tax year. If such threshold...

Gotcha. Appreciate your input. I've been seeking local advice, but this is Dubai. I guess that says it all ;) Just highlighting, there will be no tax regardless of salary taken due to the ability to claim small business relief since my revenue will be less than AED 3m.

This is the problem. Are you doing a wait and see approach, or biting the bullet and doing an audit?

With the newly introduced corporate tax in the UAE, I would like to get some clarity on salary. My FZCO will be doing less than AED 3 million so I will be claiming Small Business Relief and paying 0% tax. In previous years, I have been paying myself a significant salary. Now with corporate tax...

With the inspection notices from DIEZ that everyone has been receiving, I thought it would be good to get some input from the community. I have been in contact with IFZA and they maintain that there are no audit requirements for IFZA companies. For reference, my company was incorporated in...

Does anyone have a list of DIEZ and/or DSO approved auditors?

I'm working through the inspection requirements and have a few questions so if anyone who has already completed the process can jump in that would be great. 1. Signed UBO declaration submitted to the registered Authority. What document did you submit? As part of the trade license renewal, you...

Just received my audit request this morning and yes, it came all of a sudden. Especially since IFZA had informed me earlier in the year that there would be no audit for 2023-2024. My company's year is May to April. And of course nothing was mentioned at the time of renewal, except that I may...

I spoke with ifza end of last year and they said something similar. They suggested on waiting to register for CIT as they're expecting new amendments/clarifications for freezone companies. Did you hear something similar?