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You can't find a big and reputable bank even with $500K in Switzerland.

It looks really promising and professional. It can be a game changer for SMEs in UAE.

If you have about $1M annual profit then the best way is salary because; - It will be tax-free even after CT comes in 2023. - It will make easier to work with banks, easy to get credit cards, loans, easy KYC, etc.. or government related things like foreign country visa applications etc...

What do you mean by safe? Paying dividends is standard practice for business owners.

Sorry, I have no idea about anything crypto-related.

CT rules are still not announced so we don't know but I'm pretty sure there will be no complications because a $40-50K salary is very common for managers and C level employees in UAE. Actually, FZ audit requirement will not be important anymore because if you want to benefit from 0% CT for your...

No one knows the rules because they're not announced yet but if you don't have a very high income then you can easily optimize your tax by paying a salary to yourself. Salaries are tax-free and I believe you can pay yourself $40-$50K per month without any problems and the same can be payable to...

Or you can incorporate a company in another country but the government will milk you 20-30% taxes on your profit.

DBS Vickers should be more suitable for residents. You can go with DBS Treasures which has several different tiers but none of them will be cheap as IB.

I have all documents in hand for the source of income. I don't have an account with Citi & HSBC but they're also fine. HSBC & Citi require at least $5-10M for private banking. You can work with other banks in reputable countries like USA, EU, Switzerland, Singapore etc.. You also mentioned that...

This is the case with any bank or financial institution. You need to make profits for them and they will disturb you less.

It is still correct. I use IB with my offshore bank accounts in countries where I have zero ties. I send and withdraw several million USD every year. I only work with big banks and they never questioned me for 5 years. The bank account location is not the only trigger the compliance team...

I'm from Dubai like you and regularly deposit/withdraw high amounts to IB from my overseas accounts and never faced any problem. It happened to you because Georgia is a high-risk country. You don't need a substance to have a personal account in any other country.

I think Ministry of Finance is a pretty serious source. https://www.mof.gov.ae/en/resources...E_CT-Public_Consultation_Document_English.pdf

I'm talking about requirements of 0% corporate taxation not the free zone requirements. Did you check FTA's latest publishment about the upcoming CT? https://www.mof.gov.ae/en/resources...E_CT-Public_Consultation_Document_English.pdf Attachments Screen Shot 2022-06-10 at 12.27.58 PM.webp...

All freezone companies will be subject to 9% CT without audit starting from 2023. No Audit = 9% Tax Audit + Only Foreign Business = 0% Tax

Managing your personal investments is different than day trading and can be subject to CT. We're still waiting for the UAE CT law. It should be published later this year. If you set up an FZ company, then it is always a good idea to not conduct any business with local FZs. You will also need to...

If you're looking for the best, then it is DMCC. It is expensive and regulated more strictly. You need to audit your company yearly but I think it is not important anymore because all freezone companies will be subject to 9% CT without audit starting from 2023. If you're looking for affordable...

What is that picture? Are you showing your cards? :D

Yes, like you discuss flying private in an anonymous online forum.