Anyone with experience of a UAE FZ company?

[negon]

I tried both places‍ for some month ago, US was declined right away. I made some research on the⁠ more shady options to get a US account but don't wanted to proceed..

The UK⁤ requires a personal visit. I have a lawyer in the UK who took me to⁣ Barclays bank London where I got an account which I'm not using much only for⁢ testing purpose.

 

[kekmaw]

Good to know, thank⁣ you.

Did you contact the US banks directly or via an agent? Because I have⁢ a agent that claims he can get a remote bank opening for me in the︀ US but another guy that helps me out is skeptical to it.

If I would︁ visit the US, would it be easy then? My CPA should get back to me︂ today or tomorrow on which route to go though. The privacy of a companyin Wyoming︃ is very appealing otherwise a UK company might had been better. Will see.

 

[JohnLocke]

Forget the US focus‍ on UK just consider personal visit. Otherwise you need some service like stripe.com/atlas that claim⁠ they can open real USA bank accounts for their clients.

 

[JohnLocke]

The Internet is full if people like your "guy" I have tried many services,⁤ many of your guys! and many alternatives to get a US bank account 0 result⁣ only huge expenses so far!

 

[kekmaw]

Thanks, that's very good knowledge to⁠ have.

I don't mind visiting the US either though to open a bank account in⁤ person if it can be done for a foreigner from a reputable country.

 

[suzy]

Try this method. Read it on another forum but don't believe this to be true‌ at all!!

 

[myhand]

This is a pretty⁤ bad situation that they brought you into. Are you still dealing with these ash&/ or do⁣ you found someone else to help you?

No offshore company agent should bring their customers⁢ into such a situation where the police needs to be involved. As a customer in︀ this situation you get stigmatized one the authorities are involved they will forever have a︁ close eye on you😱

 

[negon]

I simply don't believe any longer⁠ that someone is able to help you open a US bank account unless you are⁤ an US citizens, only possible options I have seen and read about is stripe.com/atlas but⁣ there are strings attached.

 

[kekmaw]

Hey,
Currently in Dubai setting everything up. Will have a update on the US bank⁤ account within a month I asume but I have paid a agent to help me⁣ out with this.
Everything in Dubai should be done within a couple of weeks then⁢ I just need to wait for the US bank account. I will write a little︀ summary about everything when it's done.

 

[negon]

Thank you for the update, please let us know how you did in details. It's‌ a nice time of the year to be in Dubai 🙂

 

[JimBeam]

What strings attached? Any details?

Do you have any estimate or figure how much the UAE formation did cost︂ you in the end?

 

[Houdini]

Interesting, would like to⁣ know a status too 🙂 ?

 

[kekmaw]

I will‍ do a full update on this once it's all done.
I thought it should all⁠ be up and going by now but it's not for various reasons.

Estimated costs $12.000⁤ (setup + first year license fee)

 

[negon]

Wow, you are serious with your business when you spend that much money on the‌ setup! Will be waiting to read your review / update to this thread thu&¤#

 

[kekmaw]

Haha yeah, anyone doing business should be serious enough to put up⁠ a good structure, now more than ever. I'm not sure about your home countries but⁤ in mine there is a total witch hunt going on for people who are escaping⁣ tax. Every day I read something in the news about it and it's not going⁢ to get better. While having something cheap with a bad reputation like Belize would work︀ the same in terms of company structure, I would have a way harder time getting︁ good banks but most important of all was the visa. I needed a visa somewhere︂ and become a tax payer in another country than my own. This is not the︃ case for everyone but that is a law from my country which makes me tax︄ liable back there unless I have tax residency in another country.

 

[negon]

Great to share your information, thanks. Actually it make sense to get a VISA for‌ another country to avoid to pay tax locally. However, is that not requiring you to‍ stay out of your own country for at least 181 days?

 

[kekmaw]

Yes I'm required to stay outside of my home country for at least 6⁤ months of the year + some other stuff in order to not be tax liable⁣ back home.
But, if I don't stay outside of my home country for 6 months⁢ of the year and wanted to do offshore tax planning... I would likely have to︀ break laws or do even more expensive solutions in order to be covered. So, in︁ most cases, if you want to do everything legally and be free like a bird,︂ you will probably have to get residency in another country and not spend to much︃ time back home.

Personally, I don't even want to stay in my hone country for︄ more than 6 months a year so works fine! It's about exploring the world guys!︅ 🙂

 

[negon]

That's sounds like the perfect setup for your situation. People with family and other obligations‌ at home will not be able to copy you unless they give up what they‍ have. 🙂

 

[stoddart]

Hello,

Anyone try to open in dubai/uae ???

Thank guys.

 

[kekmaw]

I have a FZE in a UAE yeah. Pretty easy to setup if you go‍ with a agent to help you... also helps you get introduced to banks etc. If⁠ you want a offshore company, it's pretty hard to get a bank account from what⁤ I've heard... unless you know someone.