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Banks in UAE dont like crypto. You can however get freelancer or freezone visa with non-crypto activity and trade p2p on your personal name as p2p personal trading is not taxed here.

I use personal perfect money account, due to new tax in UAE, I am planning to use my UAE Freezone company which is the reason I am looking for exchanges which have addresses and companies.

Optics is everything, It seems the West had lost the power it had before COVID-19 or the Russian war. Africa had started to show eyes to the West the Niger Coup is an example. France had also shown interest in joining BRICS as history tells us France is always against the US dollar rise. If...

Where to find such type of people?

I am using perfect money for more than 10 years now my annual volume is in six figures. I have also seen big brokers like AvaTrade accept them. The only problem I get is cashout out, there are anonymous exchangers which I use as I cannot find any exchanger who is regulated and give me proper...

Hello everyone, There are certain exchanges which are anonymous i.e in their website there is no address mentioned, is it legal for UAE freezone entity to deal with it? Does its receipt with no address will work? There is payment gateway which does not provide statements with company name how...

I also looked to open data center few years back as I am in the same industry. The problem is its very expensive to open data center and you need atleast few millions. Apart from cost, its highly technical business, not everyone can open it and manage it. Now the Bhutan part, you cannot open...

I also agree, the country does not respect small businesses. Regarding point 6, many banks have already stopped International transactions in AED through apps, many people are not able to send in AED to IBKR AED account. They need to visit branch for that. Some banks have started to put 105 AED...

Even for South Asian like me its not worth it, I spent around 7 years here. Who is stopping me to move to US or EU where taxes can be high but less headache and more opportunities to grow. Its not only about taxes, the expenses of accountants, audit, lawyers, gov fines will further increase cost...

I personally dont think Abu Dhabi cares about FATF. Oil money will flow even they are blacklisted, check Russia even after sanctions its oil revenue are flowing smoothly. UAE is just following its roadmap to diversify the income. In 2018 they introduced VAT, in 2023 they introduced Corporate...

Well personally I think Dubai works better and different than other arab states. Dubai want to become one of the important global cities, but the problem is federal matters are controlled by Abu Dhabi, the emirate which is around 80% GDP of UAE. Dubai just have to obey big brother Abu Dhabi even...

Almost all of them did, examples are DMCC, Fujairah Creative City which claimed they are giving 50 years guarantee of personal and corporate tax. Check about section 2013 press release from DMCC: https://cms.dmcc.ae/application/files/9614/8059/3118/DMCC_10th2013.pdf As they said: Now they are...

From current scenario you will just file return and avoid CIT (Small Relief). Things are on early stages, they will get more clear after few months.

Many of accountants are not updated here and it seems from my past experience and current situation they dont know much about their own field. Things are evolving here on daily basis, from latest scenario if your freezone business does not qualify for 50 years corporate tax exempt than your tax...

Thats the point here, I have both Freelancer and Company License. I am not sure do I have to file as freelancer or that combined 1 Million AED individual threshold apply to freezone freelancers? It looks likes no one know what is happening here, nor accountants nor feeezone authorities, you may...

Thats the issue, its not about money. The trust is gone, they change rules very fast. As someone said to me when I newly came in Dubai in 2016, they change rules like they change cloths. When I came in UAE, local economy was in bad shape, that suits me well, no traffic, empty metro, empty...

Except Dubai does not call the shots, its Abu Dhabi who call the shots and they will not care if Dubai loose some investors. Dubai is in debts, last time 2008 crisis Dubai went almost bankrupt, it was Abu Dhabi who bailed out Dubai, in return iconic Burj Dubai was renamed to Burj Khalifa...

I already use multiple EMI to reduce the fees but again it makes things complicated specially when corporate tax is coming and audit etc things can become mandatory not today but may be after 2 years. Regarding offshore company will it not trigger substance requirements or CFC laws.

FX rate at RAK Bank shows 0.99 charges when I make payment online via there debit card ie 100 USD they will deduct 103.15 usd some thing equivalent AED.

What I am saying except one or two banks they dont provide you debit card with USD accounts. So you have to open AED accounts if you need debit card and if you business is in USD i.e you receiving payments from Paypal, you will convert USD to AED which will have FX of 3%. Then if you have to...