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Question Spaniard - Crypto - Exit strategy - 7 figures (Part 2)
But if you do not get in fact uae sourced income, as a salary (for example if your FZ is dormant in the setup) but respect the 187days presence in uae, along with the other point (apartment reantl contract), are you guaranteed to get that tax residence certificate ?- petal355
- Post #53
- Forum: Tax, Accounting, Licensing & Legal
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Question Spaniard - Crypto - Exit strategy - 7 figures (Part 2)
It says that residency certificate is delivered when six conditions are met, including providing these two : Six months worth of bank statements in the UAE so they need to see an income coming to your uae account probably from a UAE business Valid proof of income in the UAE (i.e., employment...- petal355
- Post #48
- Forum: Tax, Accounting, Licensing & Legal
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Crypto firms now able to set up in Dubai free zone
is this licence for daytraders who trade their own balance or only for platforms/icos etc ?- petal355
- Post #2
- Forum: General Business Discussions
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Question Spaniard - Crypto - Exit strategy - 7 figures (Part 2)
Hey Fred I had a question, When the bank starts to ask to provide entire documentation for invoices, as it happened to a contact 2 times in last 3 years for a very legit consulting business, he had to provide the same file for review the client would get. Thus they would spot your business is...- petal355
- Post #44
- Forum: Tax, Accounting, Licensing & Legal
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United Arab Emirates - AMCFZ Company
After reading all the reddit and all these information, it's kinda scary. >Do you think for a crypto trader, without initial investment (low bank balance) is it ok to go to Dubai, open a FZ (fujaihra or rak or...), which will be dormant, only here to secure the residency via visa sponsoring...- petal355
- Post #56
- Forum: Offshore Company
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United Arab Emirates - AMCFZ Company
What I'm wondering is, let's say you rent a serviced appartment, or an Airbnb, you won't be able to get the tax residence certificate ? (as Certified tenancy contract with Ejari (RERA) attestation/title deed ) is needed In the same way, if your company is dormant because you trade only under...- petal355
- Post #53
- Forum: Offshore Company
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United Arab Emirates - AMCFZ Company
Does the freezone you choose will have an impact for the opening of a personnal bank account (not business) ? Ifza is as shitty as ajman media city fz ?- petal355
- Post #45
- Forum: Offshore Company
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United Arab Emirates - AMCFZ Company
Thanks for your answer, if your activity is only crypto trading is there a way to fill the personnal account there (with cash or a withdrawal) only for paying monthly expenses (as appartment, bills..) Will the uae issue you a tax certificate if you live all year there with fz sponsore visa, but...- petal355
- Post #42
- Forum: Offshore Company
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United Arab Emirates - AMCFZ Company
Is there a risk to not be ablet o open a personal bank account once u get the visa and all ? Personal account doesnt require older bank statements or so once u get ur visa ? Is there a risk to be stucked without a personnal bank account for a 1st world citizen, are they asking some more data...- petal355
- Post #40
- Forum: Offshore Company