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I have a corporation in the US where I'm the sole owner as a foreign investor (not an US citizen, not a resident). The business is buying and selling real estate. I have a guy there that is supposed to do all the leg work, while I just provide the capital. The question is how to set it up so he...

care to give more details about that or a link with detailed info about it please? Last edited by a moderator: Nov 7, 2024

I was just told by an accountant of a friend that if EU company pays UAE company for anything non-tangible (like consulting etc) you owe tax in EU on those wires? While it would make sense, since otherwise it would be too easy to offset all your profit in EU by just paying it all to an UAE...

Can you properly use them as transactional bank (wires in and out) for 6 figures considering you have legit SoF?

I know they get a lot of hate, but they indeed have pretty good exchange rates and super fast execution of the wires (fastest I've seen) So, I'm considering to use them to exchange and move mid 6 figures EUR or USD to AED. I'm going to fund the wise account from regulated crypto exchange, then...

I've been wiring USD from crypto exchange to crypto friendly bank, just to instantly (same day) make wires to other parties or my own accs in non-crypto friendly banks. Just today I was told that they don't allow "pass-through" transactions. Meaning receiving money with the bank and transferring...

I have an US c-corp which owns an EU country company which owns real estate in same EU country. UBO is declared in EU country since it will be illegal not to and hard to get bank account otherwise. If tomorrow someone (or the EU government) decides to sue me for whatever, is the real estate...

If you get tax residency like the 2 weeks one in Barbados or 90 days one of UAE, but still stay 6+ months in your home country, will that tax residency help like AT ALL? Or as long as you are 6+ month in your home country they will demand taxes no matter what obscure tax residency certificates...

If I have accumulated crypto for 10 years living in an EU country, can I just move to UAE, sit there 6 months, become tax resident (i have visa residency already) and cash out without my EU country having legal claim on any tax?

I've had to make few 6 figures wires from personal acc in Swiss to property developers bank accounts in UAE. - SoF is verified long time ago - documentation for the transaction is provided together with the wire (invoice from the developer and contract for the deal) And still they take 20+...

Lets say you have one expensive watch on your wrist and one in your carry on luggage in travel box, no original box, papers or warranty with you. Can customs officer at land border or airport ask you to pay tax on them with the the threat that otherwise they will confiscate them? I've always...

I'm EU citizen and UAE resident, so was wondering if being UAE resident would make it easier to onboard any of those 2 banks? And if they work with UAE at all actually. Seba should be since they opened an office in Abu Dhabi right?

If you have heard about the BRRR method you will instantly get what and why I'm asking. Basically I want to learn which bank is good to use when I want to buy property cash, short term rent it out and after 6 months to apply to mortgage it (get credit against it) and use the funds for next...

The general consensus is that Dubai banks are not crypto friendly yet (even if the country is) but I'm getting sporadic mentions here and there that some of them are opening about it already. However, it is all anecdotal and for small amounts. Does anybody here has FIRST HAND experience with...

He basically says that you can solve the Dubai banks crypto unfriendliness by getting this crypto license for your Dubai company and then bank without any problems. However what is real situation on the ground?

I've bought an apartment cash, it's gonna be short term rented out. At some point I will want to re-finance it (take a loan against it) will a bank in Dubai allow me to do that just based on the rental income from it? If yes how many months back they will need to see there is income? I will have...

Home country is in EU if it matters.

Will emirates ID (as just resident) be enough to get banking anywhere outside of Dubai and where? Last edited by a moderator: Dec 11, 2023

I have to wire about $1M USD to Dubai for real estate deal. The real estate developer provided me Dubai bank account in AED. I have the money as USD in swiss private bank. What would be the best way to wire them as to not loose to much on the exchange rate? As far as I know AED is pegged to the...

I'm in the process of obtaining golden visa through real estate investment in Dubai, soon I'll be able to open bank accounts as a resident, so would like to prepare myself in advance and see which bank should I go for if I'll be receiving 6 to 7 figures incoming wires from regulated crypto...