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Editing PDF with a free web tool :D We're not living in 2005. Any decent bank can easily detect manual modifications. https://resistant.ai/products/documents/ https://sensity.ai/fraudulent-documents-detection/

Wio started to issue USD accounts for UAE companies.

@MiddleEuroAsia That's crazy. If you open an UBS Private Bank in Switzerland, they require a minumum $5M deposit and they won't ask half of those questions.

EMIs are not banks and in case of compliance issues, you should expect more problems and delays compared with banks. This rule applies to all EMIs including Wise. Wise is the biggest EMI and they're publicly traded company. I don't think you can find a more trustable EMI than Wise right now. I...

US sales don't matter because Apps Store sales are not subject to withholding tax in the US. @rdevalex I wrote your wall, please check.

You can check Interactive Brokers, SaxoBank or Swissqoute to invest. They might open an account for low balances.

Wealth management for $20k per year? It is not possible any kind of wealth man. service or similar service for such a sum. Just go with trustable EMI like Wise.

Apple App Store sales are not subject to withholding taxes.

Do you file a notification and report for ESR in UAE?

I don't think it will affect small companies. This rule depends on the employee count of your frezone company. I don't think UAE will enforce this rule for low employee count(less than 5) companies today and in the future.

It is still beta and I heard lots of negative comments. https://www.reddit.com/r/dubai/comments/yzlqqw

I use ENBD priority banking for 7 years. Yes it is working but don't expect good customer service also their website/mobile app is outdated. They have good credit cards like Skywards and Marriott. Mashreq has a very modern website and app but again decent customer service. ADCB has the best...

WIO is the easiest way. You can open with Mashreqneo Biz or SIB. Rakbank is also another alternative but as far as I know, their service quality is very bad. As long as you have proper documentation, you can open a bank account in a short time without any problems. If you don't have the...

I have multiple FZ companies in UAE including IFZA and IFZA's customer support is pretty bad. They even don't have an online portal. You can find an online portal in Sharjah based freezones or even Ajman. You have to send an email like in 2010 to IFZA and wait for a reply and send another email...

2023 is still late IMO because it's already 2023. It is better to announce that kind of change one year in advance... IFZA is losing its attraction. You can form a company in Sharjah SHAMS freezone with half of a price. Their customer service is better and they have an online portal. You can do...

If IFZA going to require this at the last minute(since we're already in 2023) then it is pretty bad management of IFZA.

There is 9% CT starting in 2023 and you need to have audited records to pay 0% CT.

If you can afford UAE setup then that means make much more than an average EU salaried person. Governments are not looking for only high net worth individuals and they can easily select you for inspection. They can wait now and knock your door 5 years later.

I have been banking in UAE for 8 years and my funds have never frozen. My annual turnover is much more than half million usd. My experience is for both personal and business accounts. I can't say UAE banks have good technology or customer service but as long as you provide the correct...

DBS is a very good private bank they're happy to open an account for execution only. The pricing list is correct but it is cheaper than that in reality. You can simply ask your RM for discount and they will give you %30-50 less price than the list for both transaction fees and custodian fees ;)