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awaiting for the cabinet decision, but with the current wording that I quote in my last post day trading is fitting in that definition of business activity ?

"Natural persons will be subject to Corporate Tax as a “Resident Person” on income from both domestic and foreign sources, but only insofar as such income is derived from a Business or Business Activity conducted by the natural person in the UAE." source : https://mof.gov.ae/corporate-tax/ I...

are you sure that actively managing your own asset is exempt from ct? because it doesn't sound like the wording authorities used. It is said in the Decree that Physical persons should pay CT if they conduct a business in the UAE. They define business as « any activity conducted regularly on an...

I mean as an individual (physical person) trading your own assets, not as a company

This is interesting, however couldn't this be an issue, let's say you hold a delta neutral position, for example bought shares on your broker, and at the same time hold a swap short, or a short, elsewhere, if the price goes down, you didn't make any money, just remained delta neutral, however...

yes I am meaning actively trading, day trading, as there are not CGT in Uae and no plan to have one, but as I understood these transaction could be taxed as business income

if you trade your own asset from Dubai, online, it is considered as an income from UAE or from the place the platform you trade on is incorporated ? Will trading on binance as well as traditional stock brokers be taxed ?

but managing his operation from your Dubai flat = conducting business in the UAE ? Let's say someone manage and trade actively his personnal assets from the UAE, but on his computer, online, on online marketplaces licensed all over the world(could include uae sometimes as some platforms are...

thanks for the link, very instructiv for 3- can't you just match in any case the salary with the profits (if 500k profit then give 500k salary on december) so that you pay just 10% instead of the 14.5 at the end ? Also something which is not so clear in the description. -Are profits of shares...

Consultants told me its already mandatory, not in the sense that you have to publish it every year, but in the sense that for liquidating your fz you would need audits anyways on all past years ? For the corporate tax, to be exempted, you will need audit for activity june 2023 right ? And only...

A few more analyzes came out : "They further said individuals will still not be subject to tax on their incomes from employment, real estate, equity investments or other personal income unrelated to a UAE trade or business. The tax also won't be applied to foreign investors who don't conduct...

From cointelegraph It seems that trading crypto (your own asset) won't be regulated, only the point d) confuse me Can someone confirm "custody and management of cryptocurrencies" means to operate a custody business and manage others cryptocurrency, not to custody your own assets (as a trader of...

I am trying to understand, if Online Day Traders (trading on online brokers, securities, cryptos...), trading their own assets (in their personal capacity) will have to pay the 9% CT ? In the new Decree they define ...

Hi, I just saw this news that noone seem to have noticed, I am not sure it is legit because not backed by mainstream medias already : UAE placed on EU blacklist in fresh blow to Kinahan drugs cartel UAE placed on EU blacklist in fresh blow to Kinahan drugs cartel I got a few question, assumed...

And saxo provides you a personnal iban ?do they accept direct euros withdrawal from Coinbase/kraken ?

You could withdraw Eur directly from Cb/kraken to them via sepa? ( without the strange emi/bank route proposed above) I dont care their crypto trading just want them for stocks/etfs Saxo has same entity serving Eu and uae? if you move residence between these can keep the same pos/account ?

Still would need to apply for an account, is crypto wealth, with clear origins and paid tax, fine to open one ? Or they refuse client with only crypto origin wealth What kind of restrictions ? Is it worst for example than a sq?

Hello, If this is a good method wondered why nooned talked about them for this purpose on the forum. I wanted to know if someone had experience cashing out crypto gains to Saxo bank ? 1)Do they allow third party deposit (from highly reputable crypto platforms, CB, ...) or only from bank account...

Would that have any consequence on retail traders who setup in the uae ? Does it mean closure of all EU bank account and that all EU brokers cannot be accessible anymore to uae resident ? I see some countries like Vanuatu or Panama are already on that list, but still some trader setup there...

In fact, it seems better than anticipated according to that article of bloomberg : https://news.bloombergtax.com/tax-i...corporate-tax-in-the-uae-are-you-ready-part-1 So I guess it means : Day trading your own assets in traditional finance in UAE, regardless of the volume and the frequency...