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US LLC with new Beneficiary Information and physical address requirements will make it effective ETOB. Place of effective management will come into picture for most territorial taxation countries. UAE has a lower cost of living comparatively.

UAE/Dubai, period.

Yes, it will happen in FATF plenary session, Paris in February this year.

Mainland companies have to pay VAT. Dubai IMHO, is way better than any other jurisdiction, and will get out of Grey List, hopefully in few days time.

So they don't have a problem with RAKICC offshore holding companies? Am I correct? So, if a person is an UAE resident with Emirates ID and owns a company in RAKICC, even if its offshore, its profit will be taxed at 9%, as the place of effective management will be Dubai or UAE - am I thinking...

Does Payset work with Kraken and UAE FZ co ? Looking at crypto cashout.

if you don't mind, what's the nature of business for the UAE FZ company.

Why not Wio in UAE? If your business is based in UAE, Wio works great. My bad, I overlooked the offshore part, if its RAKICC wio might work.

@PinkCat , my response was in context to the Assets can be gifted or donated, I hope you get the memo. ;)

Correct.

I know people have been questioned by ENBD about SoF for property purchase, as they were on course to deposit funds, the properties were purchased with BTC. Al Furjan and Barsha 3 projects specifically. @PinkCat , why go with UAE banks at all when you are comfortable with 7 figures? Why not...

ENBD hasn't been crypto friendly in case of Kraken, but for a 6-7 figure deposit, things may change. FTA Etihad and FTA have agreement in place.

There is a reporting requirement now for crypto or cash purchase of property in UAE. Is coinsfera still open? I think they have stopped operating in Dubai and also many other OTC desk have closed their service. Are you in Dubai?

Dubai may not report, if you are shown as UAE resident on your bank application, "What Federal Tax authority is going to do" is still a question, but I think won't be reported. Corporate Tax of 9% won't apply on wage (salary), personal investment and real estate income. My apologies for the...

In case of Dubai, if you aren't worried about the 9% CIT, then IMHO its better to deposit cash in corporate bank account, with no questions asked. Wio works quite well. OTC desks do charge a premium depending on the transaction volume.

Yes, all LLCs are required to fill out the Beneficial Ownership Information (BOI) Companies formed overseas and registered to do business in USA or any/all domestic companies have to file. Where and How to fill? https://boiefiling.fincen.gov/ More Info: Please refer to points B2, B5, B6...

Not aware of your residence, but why not involve Mercury or use a setup through Estonia or go with Swiss or Lichtenstein banks? But, what about 9% CIT in Dubai? I use a different setup, using the Dubai IP loophole. That will involve CIT. UAE has clarified corportae tax for natural persons, even...

International address works, but you have to prove US customers or any form of US nexus

What do you actually want? Preferably in a gist.

UAE FZ or US LLC allowed for Klarpay? Crypto cashout from Kraken possible?