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  1. fbsworld

    Dubai bank account for crypto business

    FYI, there is a online conference organized by DMCC on 22 sept. 2021 11:00 AM - DMCC Crypto Centre ”“ how to apply for a licence: Welcome! You are invited to join a webinar: DMCC Crypto Centre ”“ how to apply for a licence. After registering, you will receive a confirmation email about joining...
  2. fbsworld

    French real estate annuities - Which offshore bank?

    If you live in France, that's probably mean you are French tax resident. So article 4B of CGI: your worldwide revenues are taxable in France... Morover, according to usual DTA model, revenue from real estate is taxed in the countries where they are located. So I advice you not to set up anything...
  3. fbsworld

    TW closing UAE accounts

    Correct, Trading mainland companies no more need UAE partner if attached activities. For Services mainland companies, a local service agent is still required (but should be also removed soon). Also positive: Estidama (= shared office) has a reduced cost of AED 5,000 per year. Attachments...
  4. fbsworld

    UAE residence visa cheapest option

    ESR = economic substance regulations, see https://mof.gov.ae/en/strategicpartnerships/pages/esr.aspx Check the update published in 2020 (here: https://mof.gov.ae/en/StrategicPart...ing_Cabinet_Resolution_No__31_of_2019 (2).pdf)
  5. fbsworld

    UAE residence visa cheapest option

    Did you check the lastest update about ESR in UAE? If not, have a look to https://www.mof.gov.ae/en/strategicpartnerships/pages/esr.aspx .It is now only concerning "foreign connected person". I think you mixed it with the economic substance related to DTA and so yes, you have right about it.
  6. fbsworld

    UAE residence visa cheapest option

    I think you are refering to: Freelance Package: Starts at 6000 AED Benefits: Eligible for 2 visas, access to a facilitated Freelance Hub, only service activities, not trading Please note the "Freelance package" is not a freelance permit (as gofreelance.ae or with DubaiSouth), it is a company...
  7. fbsworld

    UAE residence visa cheapest option

    You've right but when looking just for residency, you do not need to open a professional bank account ;)
  8. fbsworld

    Closing down an HK company

    Nowadays, economic substance is the most important. In HK, if you have substance there, you will have to pay profits tax, see https://www.ird.gov.hk/eng/paf/bus_pft_tsp.htm
  9. fbsworld

    JAFZA vs RAK vs AJMAN

    I suggest you to used freezonemarket.ae: you have no agent fee!
  10. fbsworld

    UAE residence visa cheapest option

    Yes that's definitely a good price for this Freezone!
  11. fbsworld

    NEW Global Corporation Tax

    Not at all! Have a look to the UK LLP to understand it about tax.
  12. fbsworld

    NEW Global Corporation Tax

    Because of the tax transparency of the UK LLP if you are tax resident in a country with no income tax (as UAE) or territorial tax system (as Thailand).
  13. fbsworld

    UAE residence visa cheapest option

    MashreqNeoBiz is working well!
  14. fbsworld

    NEW Global Corporation Tax

    You have to consider 2 points about ecommerce in the EU: - fiscal transparency of the UK LLP (if you live in a no income tax coutry for sure) - EU VAT tax agent (for a UK company or any other UE company) versus EU VAT tax representative (for a non-UE company)
  15. fbsworld

    UAE residence visa cheapest option

    It is currently AED 9,250 (for 1 Year for a 1 visa licence), AED 15,725 for 2 year, AED 22,200 for 3 year.
  16. fbsworld

    NEW Global Corporation Tax

    If selling goods to Europe, definitely a UK company because of the new VAT regulation in Europe arriving in July 1, 2021!
  17. fbsworld

    UAE residence visa cheapest option

    Cheapest Free-zone is SPC FREE ZONE located in Sharjah. It is less expensive that Shams! Similar cost to a permit freelance!
  18. fbsworld

    Dubai address

    In International City, you can found studio for that price ;)
  19. fbsworld

    Dubai address

    Have a look to property finder or dubizzle, you can rent a studio with Ejari/Dewa bills for AED 1,200 per month...
  20. fbsworld

    Second Passports

    Have a look to Grenada. It is great for having access to E2 visa for the US!

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