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If you run a freezone company in the UAE, have you registered for corporate tax? I received a note from the federal tax authority about corporate tax registration for public joint stock companies and private companies (LLC). Does this include free zone companies or we can wait to register?

From what I recall, it's a pretty standard process. - Utility bill for address - Emirates ID - Source of funds (proof of employment,. 3 months bank statements, payslip) - Tax residence Depending on your situation they may ask for more information. If you run your own company, you may be asked...

+1. Only EID was required.

Nomo bank still working well for you?

I've seen @Fred mention Citibank a few times on here, so started looking into them as I'm looking for another personal banking option. Love to hear you thoughts on and experiences with Citibank in the UAE (as a Citigold account holder) or other account.

I've read through the FAQ, but my question is not related to crypto trading. There is no trading. It's receiving a payment from an exchange. There's a difference.

Any issues with receiving USD from a crypto exchange business account, such as Kraken Business, Circle, Coinbase?

Yes, for sure. That's why posted on here to try and get some folks experiences. Appreciate your input.

This is the difficult part: "your bank in Dubai will accept the incoming from crypto exchange." Most of the time you won't know until after the fact. That's why I wrote the post to gather more info on what's worked for people on here. I suspect it should be fine as each payment has a...

Have you had good success or issues when using a crypto exchange/provider (Coinbase, Kraken, Circle, etc.) to off-ramp crypto to fiat and withdraw to your UAE business bank account? The crypto that is being deposited with an exchange has been received as payment to a private wallet address. The...

@Fred recently posted about Nomo Bank launching in the UAE and shared that onboarding was straightforward. I'm intrigued by their term deposit rates, but trying to do some due diligence. Does anyone have any insight into Nomo Bank?

Interesting to note the following: "However, the ministry added that the relief will not be available to qualifying free zone persons or members of Multinational Enterprises Groups with operations in more than one country and consolidated group revenues of more than Dh3.15 billion." If you...

Good share! Their term deposit rates look suspiciously good compared to other banks. Deposit over $30K for 12 months and get 5.35%...

Appreciate the follow-up. Thank you.

Hey @Fred, hope you don't mind me tagging you. Just wondering if you've heard if there are any new developments with IFZA regarding new requirements (dedicated office space, audit, something else?) that may be introduced for free zone companies to remain taxed at 0% following the introduction...

Do I need to contact ICP (Federal Authority for Identity, Citizenship, Customs & Port Security) to let them know about the new passport?

I'm soon due to renew my passport. My UAE residency visa (Dubai) is stamped in the passport. What's the process? Do I need to have the residency visa re-issued to the new one, or is this no longer relevant as I have an Emirates ID card? Anything else I should be aware of in addition to...

Thanks for clarifying. That makes perfect sense.

Gotcha, I think. Sorry for being thick, but doesn't the new tax residency rules supersede the 180 days in the visa? Or is it only visas that are issued now that have the 90 days? My FZCO sponsors my visa and it's valid for 3 years.

Can someone clarify 90 vs 183 day tax residency definition? Am I correct to assume that if you: - hold a valid UAE residence permit - have a permanent place of residence (ejari) - have a company in the UAE (place of business) then you only need to be in the UAE for 90 days in a calendar year...