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I'm a local, if you guys give me list of questions, I can ask my accountant there and get you all the info you need. Banks will open you an account without any problems, the only issue is it's not easy for money to leave the country. I'm not sure if you can easily just pay invoices to a foreign...

I'm guessing it's because they convert the EUR to USD to invest it in US treasuries, which is where their 4.1% interest comes from. The card is nothing special, it's metal with a slick design, but no apple/google pay support and no benefits really other than 1 free lounge access every year lol...

The exchange rate is actually always almost exact same as ongoing market rate in forex. So the only problem would be that you are holding USD instead of EUR, which is fine for me. It's hard for them to get USD banking partner because of what happened when Silvergate and other crypto banks went...

Have you tried Xapo?

Amina Group (was previously called SEBA) is one of the swiss banks u can use. Their banking experience is meh for the fees you pay, but it works. 500k min balance requirement held in whatever asset and i think minimum 1mil net worth required. https://www.aminagroup.com/

Bruh what is going on in this thread... @Zikki what's the amount you're trying to cash out, your residency, citizenship, and your salary? Then we can offer a proper solution.

Yes. My trade license expired and I'm not renewing it. Overall lost about $60k dealing with this bs.

That guy's setup involved making a Digital Marketing company and using it to trade crypto. But yea that video is old and there was no bookkeeping back then and everything less strict etc

You can't open a bank account in UAE with a prop trading company. You have to pay +$1k a month to an offshore bank like SEBA with terrible UX and bad fees.

Can you explain what you mean by Spanish ID number? Are you referring to your NIE? And what do you mean by banned?

This is just a suggestion so you can be a legal resident and freely open bank accounts, you don't have to actually study. I believe my friend got 1y Arraigo de formacion residency and is "taking" some 3 weeks course just to get it over with.

What about Arraigo de formacion?

Small correction (which shouldn't matter in your case) it's 3 years for Arraigo Social but 2 years for Arraigo de formacion. My friend did the latter. You just need a +2y padron, no exit stamps on ur passport (a fresh new passport is fine, they don't check with national police if you actually...

Unrelated to the actual question but if you've lived in Spain for 17 years, I'm pretty sure there are ways to get some kind of residency. With Arraigo Social for example, my friend became a legal resident after overstaying his student visa for 1 year longer. You just need to prove to them you've...

I believe if you move to Morocco then ur company basically becomes tax resident of Morocco, so legally u will have to pay taxes like a Moroccan company would

Looks like they just came up with some new requirement where you need to pay 1k aed to get some No Objection Certificate to be able to continue your crypto prop trading activity. Received an email as well regarding it More info...

I didn't have a bank account and I was still able to open a Binance account for my UAE company. I think I used the company's license certificate as it had the address in it.

Yes, contrary to popular belief UAE banks hate crypto!

Some things to consider in case someone here wants to also open an account with them: They charge 1% for crypto trades, so depositing USDC to trade it for USD (fiat) is not a good idea. But you can make a circle.com account for your DMCC company and redeem USDC yourself, it will take 1 to 2...

Good news I guess, I was finally able to open a bank account for my DMCC prop crypto trading company with SEBA. I can finally do as I please (hopefully) with my crypto-related money. Only issue is that it costs about $1.1k a month plus $350k minimum balance but no other option really lol. It...