Search results

  1. fbsworld

    How long does it actually take to get an EIN for a non-US resident

    It is not the right way to apply for an non-US resident/citizen with no SSN... See How to Apply for an EIN | Internal Revenue Service
  2. fbsworld

    Mainland UAE company bank account?

    Wio or MashreqNeoBiz.
  3. fbsworld

    How long does it actually take to get an EIN for a non-US resident

    Usually it takes 3-4 weeks. You receive it first by fax and the original letter max. 1 week after.
  4. fbsworld

    Offshore to Freezone possibility in Dubai

    Hi! Yes I confirm we have converted (the official wording is "redomiciliation") offshore companies to freezone companies: - RAKICC (Offshore) to RAKEZ (Freezone) - RAKICC (Offshore) to IFZA (Freezone) FYI, it is not possible to do it with a AFZA (Freezone) companies. It costs around AED 8,000...
  5. fbsworld

    Lombard loan against UCITS synthetic accumulating ETF shares

    SwissQuote in Europe and EmiratesNBD Private Banking in Dubai. LTV is around 60%.
  6. fbsworld

    Wyoming LLC - Buy Crypto

    It is usually a very bad idea for a non-US resident to use an US LLC to buy crypto: Virtual Currencies | Internal Revenue Service "Virtual currency transactions are taxable by law just like transactions in any other property. Taxpayers transacting in virtual currency may have to report those...
  7. fbsworld

    Costs of a regular audit for Free Zone entity in Dubai

    I pay AED 1,890 per year (VAT inc.). Auditor is approved by DMCC.
  8. fbsworld

    UAE resident + UK LLC / LLP / LTD

    So have a look to pages 5-7-9 of https://www.mof.gov.ae/en/Strategic.../Economic Substance Activities Flowcharts.pdf
  9. fbsworld

    UAE resident + UK LLC / LLP / LTD

    You have all details here: Economic Substance Regulations
  10. fbsworld

    Mashreq Bank joins UAE KYC Blockchain Platform, enables firms to open instant digital bank account

    The article is about bank account opening, it is not related to crypto... it is not because it is talking about blockchain that it is related to crypto
  11. fbsworld

    Mashreq Bank joins UAE KYC Blockchain Platform, enables firms to open instant digital bank account

    Interesting info: https://www.arabianbusiness.com/ind...ccount-by-joining-uae-kyc-blockchain-platform
  12. fbsworld

    US$500K crypto cash out in UAE Total Cost

    Great worldwide analysis, thank you!
  13. fbsworld

    SHAMS Company, Company Bank Account Assistance

    Have you tried with Sharjah Islamic Bank?
  14. fbsworld

    UAE resident + UK LLC / LLP / LTD

    ESR = ECONOMIC SUBSTANCE REGULATIONS, see applicable regulation: الهيئة الاتحادية للضرائب - 404 Same for an US LLC (I suppose you use it as an Foreign-owned U.S. DE), never use it as an holding because of passive income taxation in the US...
  15. fbsworld

    UAE resident + UK LLC / LLP / LTD

    No, do not do that! For an UK LLP, put 2 individuals resident in the UAE, not your UAE company, otherwise it will be under ESR...!
  16. fbsworld

    New Mexico LLC with Mercury Bank Account, question about 5472 form and funding crypro exchanges

    Hi, > Do I need fo fill the 5472 form in April? Yes for sure! > I just registered the LLC and already got a payment. Can I do that myself? Or can you recomment any company / CPA which is not that expensive and will do that for me? You can do it by yourself if you know what you are doing...
  17. fbsworld

    How to form trusts and in what ways can they protect against asset confiscation?

    I'm not working for RAKICC but you have all info there: Services - Private Client Solutions - RAK ICC Foundations
  18. fbsworld

    How to form trusts and in what ways can they protect against asset confiscation?

    Do you know you can also setup a Foundation? It is less expensive than a trust and easier to manage (Council members instead of trustees). FYI, RAKICC offers a Foundation law at a very low cost.
  19. fbsworld

    Dubai Bank Account Help

    You can apply online on: MashreqNeoBiz, see mashreqneobiz.com or RAK BANK, see Quick Apply | Online Application for Business Accounts | RAKBANK
  20. fbsworld

    Dubai bank account for crypto business

    FYI also concerning opening a bank account for a crypto business in the UAE, there is still no regulation from the Central Bank, see UAE has not legalised crypto-currencies, says Central Bank

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