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Can anyone tell me how long the renewal process is? I understand you can pre-book your health check and if you do the thing express it can shave a day off. I am wondering whether the renewal can be done inside the 5 business days or not. I am going to Dubai for 3 business days in January. I was...

I heard about the 3->2 year change. Why can't I simply renew the visa before it expires? If my visa expires what happens to my business account? I'm assuming the account won't get shut down as long as I file tax and pay the yearly license fee.

Is this the case with renewing an expiring 3 year residency visa DLS Dubai assisted its clients with? Will IFZA or your consulting assist with this?

Hi Fred, June 2024 both my residence visa + emirates ID will be expiring so I would like to renew both of these. Do you assist with this or is it simple enough that I can do it myself? I imagine I will have to spend a week or 2 in Dubai to renew everything? I tried searching the forum regarding...

In my opinion it still makes sense. Despite all the regulations trying to hinder or eliminate it ultimately nothing fundamental has changed with the monetary system. In 10-15 years governments will still be enslaving their population through the fiat monetary system by taxation and debasing...

I have also renewed my annual FZCO fees a couple months ago and about to another flight to Dubai to do some errands. Of course there might be sticking points along the way but Fred has solutions to any arising problem. I recommend being calm and patient - none of this is easy at the start.

Got the business account today. It took 15 minutes for health check, 5 business days for Emirates ID card. 7 business days for the business account. There's some luck that went into it. The ID card can be done faster but I ended up waiting the full 5 business days. The business account can be...

Time, money, & opportunity cost of failing to have your bank account approved. There's the risk of bank increasing their standards. Risk of new laws. Risk of not being able to keep your account after acquiring it. A professional would bring most of these risks close to 0 but external risks are...

There's no such thing as no risk. You just have to intelligently figure out what the best existing option is, decide, and hope for the best. RE: crypto market. If it's an obvious bear market you might want to short with leverage then? RE: telegram group. You might want to consider running this...

My understanding is that the certificate doesn't matter and will not help you much at all to escape tax liabilities. What's more important is that you are not a tax resident of the high tax country and that you are a tax resident of UAE by virtue of having property, business, family, time spent...

My situation is vastly different from most people - I came here with a 2 month time frame in mind and told Fred I was not in any hurry. I've been here for 2 weeks so far. I will be out before my 1 month booking at the hotel is spent. I could probably leave Dubai now but I rather not risk it in...

https://www.gulftoday.ae/business/2...back-deal-on-global-minimum-tax-for-companies Yeah I'm not sure either. Might be important to find out because this is implemented by 2023 or maybe sooner. According to this quote you would be exempted since UAE is not going to tax since you already are...

I'm not 100% done yet but it looks like I'm scheduled to get my business bank account in less than 2 weeks so I'll start my review now: Before I contacted @Fred I checked all of his posts on this forum and I saw was that he is knowledgeable and has experience behind him. My expectation going...

I don't think so. They will be puzzled how you entered the country. They will normally ask for your other passport and if you can't produce it there's a problem. They don't instantly jail you for giving them wrong documents.

If you are caught with police as an expat it's a no win scenario for you. It's the same in every country. As for Sharia, as a man I find this much preferable to Western family courts. Before going to any country it's best to look at risk vs reward and decide, no country is perfect.

I might be wrong on this but the main problem with Caribbean, Seychelles is getting a bank account/EMI without having the corresponding passport. As soon as you hand in your higher tax country passport CRS already kicks in. Non-CRS countries are the exception to this but either much harder to...

Thanks for info. It sounds like you have valuable information. If I become a member here can you help me with cash out strategies with free zone company in UAE?

22% is actually pretty darn good for a high tax country. Most western countries are 26% for capital gains and others will just treat it like income so 50-55%. also stable coins do not do anything helpful for tax. Selling your crypto to stable coins is a taxable event and if you do this on a...

I'm not from UK but a lot of countries have exit taxes so that might be an issue. I'd strongly recommend you pay a professional hundreds of dollars for this advice instead of listening to a random person here. I could recommend one person that I know can probably help but I think advertising...

From everything I've read online it's fiat exchanges in OECD countries that are basically become CRS/FATCA compliant. I have yet to hear anyone using only Chinese exchanges, DEX's, and defi exchanges get reported to tax authorities. Like you said, that will probably change in the future. I've...