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    Does UAE classify foreign companies as local Taxable residents?

    So, what/where will be the Place of Effective Management (POEM) for your offshore company? The answer to that question will determine the tax status. There are so many ifs, and UAE corporate tax enforcement is still unclear and unknown. Going through your dividend receipts, UAE may check the BO...
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    What activities Wio/Mashreq Neo do not like for FZE banking

    Not Liked List: 1. Auction houses or antiques 2. Jewelry and bullion trading 3. Affiliate Marketing, drop shipping & any other form of digital marketing. 4. Sale of Digital Goods ( may or may not include web hosting, servers etc.) 5. Cryptocurrency exchanges / trading (including p2p) 6...
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    Form a company without ID?

    True, US LC formation won't require any ID, but how's he going to pay for the formation? Card payment is tied to personal ID, no way to bypass that.
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    Extremely Difficult to Open Bank Account for Offshore company

    I think you missed the sarcasm emoji
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    Legally cash out $1+m in crypto - what are the options?

    Dubai or else use crypto prepaid cards through gumroad or trocador
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    Cashout Crypto with Banks

    UAE OTC > UAE corporate bank account cash deposit. No questions asked
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    Dubai is dead, any alternative to the free zone 9% tax?

    It's on its way, trust me, predicted about the FATF, euro clearances are to be getting smooth, EU is on its way to remove UAE from money laundering list.
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    Dubai is dead, any alternative to the free zone 9% tax?

    UAE has been removed from FATF grey list. France, Germany, UK and the US were behind this. So, now in a month or two back to being old Dubai again. Euro clearances will be smooth.
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    UAE comes off FATF gray list

    As discussed by me on few threads, UAE is officially off the FATF grey list. Supported by US, UK and France (EU). Now, there won't be any problem in euro clearances. https://www.reuters.com/world/afric...g-removes-uae-gibraltar-grey-list-2024-02-23/...
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    Expedite US LLC Registration

    ITIN not required for EIN. You can submit EIN form through FAX (for non-residents) and then call them, they will generate the EIN over the phone and ask them to fax the EIN to a Fax Number of your choice.
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    Advcash appears to be being de-banked.

    Use Paxful, to sell bitcoins and transfer the funds (INR) to your client's account using IMPS/UPI method. All you have to do is to ask your client to open an account in paxful and ask him to sell bitcoins/USDT to verfied merchants, there are a lot of them, they will credit funds into your...
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    Where to cash out ETH in Dubai? Any trading company or exchange

    Stabit is good but commission is high
  13. S

    UAE crypto trading company with personal funds only. What are my options?

    Crypto trading on personal account isn't exempted Moreover crypto is regulated in UAE, many OTC desks were closed recently by the government.
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    Buying real estate with Crypto

    DAMAC, EMAAR, and many others accept crypto. The problem is not purchase, but when you sell the property and try to deposit funds into your bank account, then you will be asked for SoF for the property purchase in the first place, by the bank. This is happening with ENBD , FAB and others...
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    Crypto -> UAE Bank

    Everything can't be discussed in an open forum. Tax will be 0% and accounting - there are a lot of good accountants in Dubai.
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    Crypto -> UAE Bank

    For corporate accounts - no they won't ask questions. Personal accounts - there will be lot of questions.
  17. S

    Crypto -> UAE Bank

    OTC in Dubai, then deposit cash in corporate bank account. That's what I do.
  18. S

    Zero tax option for software development with access to EMI

    Software is a creative idea or process that focuses on solving a problem ”“ meaning it is a form of intellectual property. If you develop IP for a third party, its also part of IP. @Roo going back to your OP, the main fact as stated by @Marzio , the real question is your residency. It doesn't...
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    Zero tax option for software development with access to EMI

    Software development can be crafted as Qualifying Intellectual Property and as per UAE govt. notification vide https://mof.gov.ae/wp-content/uploa...ncome-for-the-Qualifying-Free-Zone-Person.pdf will incur 0% tax. Also, there is a scope for Qualifying costs. All research and development costs...
  20. S

    Zero tax option for software development with access to EMI

    @Cloudbanck please update your information regarding beneficial ownership, physical address is required as per Beneficial Ownership Information Reporting | FinCEN.gov It is the reason why all of the US based EMI's including Relayfi, Mercury are asking for physical street address, virtual...

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