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hello, has anyone here applied yet for the SBR with a FZCO? How did it go? have you been accepted? I read that local business (customers) is required or preferred to get accepted for the SBR? Besides that, only requiremend is less then 3M AED revenue per year? Curious to hear from you.

Hello, many of you seem to work with e.g. Interactive Broker, Saxo and so on. Whats your opinion on Trading212? Thank you!

Hey guys, those who have Fzco´s with IFZA. When renewing the company - does someone need to give an (audited) financial statement?

Hello, imagine you have a passport of 2 EU countries. But they are on different names... a) only different first name but last name stays b) first and last name are both different Any advantages of a) or b)? Since many in this forum talke about airport biometric scanninc and so on - so even...

Hello, i read that BOI is not needed to file for certain LLCs, but it sounded more like a clickbait and no substance.Any information on this? i understand that its necessary for every llc owner. Anything else to consider or obstacles when filing the report? thank you

Hello guys, 1) what to expect when working with an Fzco (IFZA) in 2024 and onwards? Of course corporate tax registration and vat registration. 2) But what about audited financial statement - when is this required? At renewal or only at closure of the business? I read that it was only for...

Hello, since it was often discussed in this forum, how to combine US LLC + UAE residency. Are there any experiences? If a personal bank account recieves money from a LLC , how would are UAE banks reacting to that? Since their regulation is also getting more strict. What should the transfer...

Hello, If you are a uae resident with emirates ID and rent a apartment. Does this bring negative implications? Because thw rules changed in June 23, I heard it will automatically trigger tax residency - so that means one must file reportings and so on? If someone rents a apartment he can...

Hello, if you are a perpetual traveler (you and your company are not tx residents in any country) and open a bank account for the LLC, what should you enter as residency? a) US and add the EIN number? that will imply facta reporting -> what happens then? b) any other country and the personal...

Hello, as someone who is General Manager of a FZCO and recieves salary from this company (non WPS), is it possible to get a loan for buying real estate abroad? And is it possible to get a unconditional loan, so they dont ask what to use it for? Which banks/companies have the best interest...

Hello, there are qualifying activities for UAE companies to pay 0% tax. one of the activites is "holding shares". Does that mean, a UAE FZCO which owns 100% of a US LLC (US LLC is the operating business and serves customers outside of UAE) is eligible for the 0% qualified activity?

Hello, 1) is it possible to create a Wise (personal) account as a Cyprus resident? 2) is it possible to craete a Wise business account for a US LLC as a Cyprus resident? Thank you.

Hello, is a Fzco required to file VAT returns if it is qualified for VAT exemption (no business in UAE) ? If it is required, it just needs to provide "0 VAT"? And what will be the deadlines for each quarter? i read that it was prolongated but dont know if its true.

Hello, lets say someone owns a US LLC but a family member is the director / manager. what advantages / disadvantages regarding tax implications (for the owner and also for the director) does this structure have? many youtube influencers are doing these kind of things, the influencer is just...

Hello, I heard that virtual adresses or registered agent adresses are not allowed to add to the corporate transparency act. Is that correct? What solution is for that? If a physical office is required, doesnt that mean that will make the company a tx resident?

Hello, which bank accounts / EMI can you recommend for US LLC? Imporant is an EURO account. Already know about Wise, Revolut, Zen, Currenxie, Airwallex, 3S Money and Mercury (which doesnt work with EURO) Do you have other alternatives?

Hello, if someone would like to import a car to Cyprus, what costs should be calculated? There is also a tax on engine size I read. Is there a way to lower the overall import costs?

Hello, with the new laws in 2024 / 2025 and also with banking regulation, it is asked (for example Mercury asks) for a physical adress for US LLCs. Can anyone help with that? They dont accept registered agent adress anymore. What will be the price for this adress?

Hello, since there are a few countries on this list - a) what would happen if a company pays an invoice from a country which is on this list? will the transfer be blocked? b) what would happen if someone recieves dividends from a country which is on this list? c) are there any consequences...

Hi, thinking of changing the adress in Wise (personal adress/shareholder adress) to Cyprus. Will this result in account closure since Wise is not onboarding Cyprus clients? (waitlist)