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@aniglo22 is it doable to make the prop trading entity, or a contractor to multiple prop trading firms, as a legit UAE business entity ? Sorry for delayed bump, I found this in search, and found you the prop firm guru. Since @Fred went off,and some tax rules coming in the UAE, I am not sure...

anybody did business after knowing their email ? can someone post some experience based information ?

prop firms process withdrawals with both crypto and bank wire In some countries like India they create issues with banks asking too many insights, so it is easy option to get an offshore bank account --where you pay taxes after you transfer money in local account -- preferably as a salary...

@Walter Rowe et al: this is what I meant in a when I said sticky ones are dead - same in the biggest bank related sticky thread of @Gediminas

Thanks. so the OTC desks can be used to transfer cash to personal bank account without any problem ? I am not concerned with tax on capital but lots of paperwork as my CRYPTO will come from trading and can cause issues with normal transfer to a bank

@John Doe | GOLDEN STAMP I appreciate the details. My question was for the previous post that suggested there might be some apart from what you described

what is the best jurisdiction to open a business + bank account for prop trading currencies ? Anyone tried that (I heard Dubai is becoming more restrictive about BTC invoice, that way most prop firms pay now)

all the trouble this country is producing for them self except 9% tax and annual inspection, what are they ?

Use one of the many OTC desks in UAE @TheCryptoAnt I am not familiar with these. With these, can you get cash deposited in your personal Dubai bank account for transfering BTC to them, and send them to your corporate Dubai bank account without auditing, or do you need to have another...

former DLS Dubai Clients have the possibility to join my Inner Circle @Fred Is it limited to them alone ? If not, how much is the cost ?

did you try to contact them directly? Yes, to no avail(not Fred as he discontinued his service) Be more specific and keep it short --The details segment is 3 lines and self explanatory --The constraints segment is unique to me explained in 2 lines (the last paragraph is reason to start a...

I need some idea if there is a viable solution beforehand, but do plan to join mentor group eventually as getting how to do what I need is not as simple as asking in a public thread, and I will certainly be benefited by detailed suggestions from people who do this frequently with relative ease...

Hi, I have tried to get a solution in different threads to no result, so I am addressing the message board . I think many will be interested if there are solutions , and there can be a substantial help from and to the contributor in the thread. This can be a centralized compile for many in...

so prop traders with legit agreement dont get bank account ? thats odd I thought it is only remote and my country of residence that is likely the issue I meant - the fact that I need to have a remote opening from a country like where I am resident currently are likely to be problems and not the...

@JohnnyDoe I found you on another thread. I am a resident from India trying to open an overseas bank account that can accept crypto invoice from an overseas firm whose funds I manage (trade in currency market for a performance bonus). Is there a way I can use your assistance ? I am sure there...

Thanks thats very insightful Total $7500 seems very reasonable for less than a month's stay in Dubai if you want to get ID, bank account etc setup using @Barbara Roessle inst, that costs around $5500, and I guess $1500 to use as an initial deposit in banks Last edited: Nov 24, 2023

how much is advisable to budget in Dubai for first month ? My estimates are Airfare + accomodation + groceries + phone + internet + commute to and fro banks and office + $2000 surplus But not sure about additional costs and the items ( and possible fee + duty )

can a prop firm trader (trading on currencies using customer fund and getting profit share as consultant) consider your company to get a residence, company and a bank account ? If yes, is it possible to pay using BTC ?

Can you help cash out crypto payments made by a legit client in a corporate account?

a pinned thread with avoidables list will be helpful