That's the office space that is required to have to get the Business Bank Account opened.
You can use the office of course as well as a car parking spot.
The office space is already included in our All-inclusive Package.
Toggle signature
NON-CRS SETUP: Dubai Company with FREE Residence Visa and Bank Accounts! - DLS Dubai
- Thread starter Fred
- Start date
You can use the office of course as well as a car parking spot.
The office space is already included in our All-inclusive Package.
Toggle signature
Good write up.
On the emirates website they write pcr test for leaving only if your destination country requires it. Which is in reality the same as most places want that anyway.
Also depending on the country you come from, you need a pcr test before AND one at the airport on arrival.
Coming from some other countries the pre flight pcr test is enough.
There is an info section on emirates website.
Yes, but if you come from Africa e.g. from Kenya you need one at the airport as well on arrival I have been told.
Is that not the case any more?
To all you wonderful people with all your wonderful ideas, please open a new thread, this is a paid advertising thread, posts made here have to be specific to the advertisers services and products sold, everything else will be cleaned / deleted.
Toggle signature
Toggle signature
Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Support the Freedom of Speech of our Community
Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
Thank you for all your constant help Fred.
Ill be honest, i was skeptical at first that who is this guy, haha but time showed your the real deal.
I have to be honest again, the process is a bit slower than anticipated, but thats expected of the middle east....
Glad you met me and we could have lunch to discuss my concerns and your re-assurance was much needed. Nobody wants to be “alone” in these kinds of sticky situations.
Hoping you can continue to provide the great guidance if any future issues do arise.
but overall thanks a bunch for setting everything up for me, even though i can be a pain and a bit impatient some times .
Hey @Mia0063 , @joseph1989 ,@wie7se
Thanks for sharing, have you had any lessons from the process? Anything you could have done to make it easier, quicker or just simpler (especially from the paperwork point)? How long did you stay in Dxb for? I'm also planning to incorporate soon, just want to get ready 🙂
Thanks for sharing, have you had any lessons from the process? Anything you could have done to make it easier, quicker or just simpler (especially from the paperwork point)? How long did you stay in Dxb for? I'm also planning to incorporate soon, just want to get ready 🙂
Setting the company up before going to Dubai would save you a lot of time spending in Dubai itself. I'm in Dubai for a little longer than a month now and will have my Emirates ID in the next few days. I came to Dubai on a tourist visa and without the company been setup already.
Hi @EuroKiss ,
you are mixing up the things let me clarify this for you.
The Dubai Company Formation grants you the residence Visa. Once you have received the residence Visa you have to be at least every 180 days for 1 day in the UAE to keep the residence Visa active.
The Tax Residence Certificate is granted after you spend 183 days per Year in the UAE - at least in the first year. From practice point of view we know from the 2nd year it's more like being 3-4 times per year for 1-2 weeks in the UAE.
You have to spend this time in total in the UAE and not in a raw. For example you can spend January till April in Dubai and then again October and November.
That's it.
Toggle signature
you are mixing up the things let me clarify this for you.
The Dubai Company Formation grants you the residence Visa. Once you have received the residence Visa you have to be at least every 180 days for 1 day in the UAE to keep the residence Visa active.
The Tax Residence Certificate is granted after you spend 183 days per Year in the UAE - at least in the first year. From practice point of view we know from the 2nd year it's more like being 3-4 times per year for 1-2 weeks in the UAE.
You have to spend this time in total in the UAE and not in a raw. For example you can spend January till April in Dubai and then again October and November.
That's it.
Toggle signature
Hello Fred,
I can't PM yet so I will post here, might as well benefit others with similar doubts.
1. What happens in the event that someone is not in Dubai for at least 1 day every 183 days?
2. The screenshots you posted about Kraken wires. Is that for business or personal accounts? My understanding was that Dubai banks, in general, are not crypto-friendly. Has anything changed?
Thanks.
I can't PM yet so I will post here, might as well benefit others with similar doubts.
1. What happens in the event that someone is not in Dubai for at least 1 day every 183 days?
2. The screenshots you posted about Kraken wires. Is that for business or personal accounts? My understanding was that Dubai banks, in general, are not crypto-friendly. Has anything changed?
Thanks.
Hi,
the written law says the residence Visa gets invalid if the holder is outside for more then 6 months. However from practice experience we know that clients could return without any single issue even with being 9 months+ outside the country. Due to COVID they won't enforce that hard as they understand that some people are simply restrict to travel. However you should try to be in the 6 months timeframe.
No bank except Mashreq and Arab Bank mention public that they are not crypto friendly.
It's simple - use your personal account organic pay yourself a salary and invest the salary in Crypto - once you get the double money back a few months later the bank knows you and all is fine. For the business the banks simple ask do you have a crypto business license - you have to mention no because there is no license so the bank tells you they can't accept because it's not covered by your business trade license. So you have to use some of our innovative methods to invest Crypto on the business level.
All the guys telling you something else have no personal experience and acting as a Papagai or they thought they open a personal account and withdraw 1m+ at once from Kraken without the banks ever knowing them.
The banks we work with are normal retail banks you have to use organic same like in every other country - if you don't use them organic then they don't accept your Crypto Money without knowing you like ING, Barclays, HSBC and every other bank in this world that has AML and isn't a laundromat like some "Fintechs".
Toggle signature
Makes sense. In the event that the Visa becomes invalid, does it automatically affect the company/bank account somehow? Is it easy to re-activate after going there again? With current travelling restrictions, it's certainly a concern.
Thanks @Fred , you mention later in the thread that the cost also includes rental of a business space. Is this required just initially for the activation of visa or the company?
Is it required to maintain a business space/flexi desk permanently to retain the company license?
Do you use this as the address of the company?
To open a personal account, do you use a PO box as well or an airbnb?
Is it all done electronically or do they post anything out to the address?
Later someone else posted about insurance that this is a 'good idea' to maintain your residence visa. What is teh annual cost of this and is this included in the 7k set up and 4k ongoing fees you quoted?
Just my two cents on the DLS DUBAI service offered by Fred:
Have been in contact with Fred for almost two months now, continuously asking question upon question, without even committing yet. Fred has been very friendly and helpful and shared his expertise and recommendations nevertheless, including a personal and very informative zoom videoconference.
I have been in contact with numerous providers of offshore solutions, and many came off as too commercial, too expensive, too unpersonal, and most couldn't answer more detailed, complicated questions. (None from this board though! Ahaha).
Not so with Fred. Seems he knows what he is talking about a-z, I still haven't got "I need to look that up" replies. A onestop shop it seems.
For obvious reasons, as I haven't fully committed yet, I can't say with 110% certainty that his is kosher. I will report when service has been paid, company is operative, and the postsales commitments kick in.
For now, I feel that I am in good hands, and that is coming from someone who is totally paranoid. The positive feedbacks I read on this board adds to my confidence, too.
To be updated.
Have been in contact with Fred for almost two months now, continuously asking question upon question, without even committing yet. Fred has been very friendly and helpful and shared his expertise and recommendations nevertheless, including a personal and very informative zoom videoconference.
I have been in contact with numerous providers of offshore solutions, and many came off as too commercial, too expensive, too unpersonal, and most couldn't answer more detailed, complicated questions. (None from this board though! Ahaha).
Not so with Fred. Seems he knows what he is talking about a-z, I still haven't got "I need to look that up" replies. A onestop shop it seems.
For obvious reasons, as I haven't fully committed yet, I can't say with 110% certainty that his is kosher. I will report when service has been paid, company is operative, and the postsales commitments kick in.
For now, I feel that I am in good hands, and that is coming from someone who is totally paranoid. The positive feedbacks I read on this board adds to my confidence, too.
To be updated.
Interesting thread! I trade through a stock broker in EU and was wondering about getting UAE tax residency as a long-term solution. That also means cutting economic and social ties with my EU country and becoming tax non-resident.
1. Is it possible to open freezone company without corporate bank account and then getting residency visa + open personal bank account? I don't really need a company, just residency visa. Does freezone company need any accounting?
2. I would like to stay in UAE for 1-2 months every year, and come every 180 days. What is the cheapest solution for having an address in UAE? Do you need to rent something for 12 months or can you use some mail forwarding service or p.o. box as your address or maybe even hotel address? Or is it better to just buy some cheap small place as your permanent base?
3. Health insurance: do you need UAE health insurance or can you use private international health insurance from abroad?
4. Driving license: can you exchange your EU driving license to UAE with ease?
1. Is it possible to open freezone company without corporate bank account and then getting residency visa + open personal bank account? I don't really need a company, just residency visa. Does freezone company need any accounting?
2. I would like to stay in UAE for 1-2 months every year, and come every 180 days. What is the cheapest solution for having an address in UAE? Do you need to rent something for 12 months or can you use some mail forwarding service or p.o. box as your address or maybe even hotel address? Or is it better to just buy some cheap small place as your permanent base?
3. Health insurance: do you need UAE health insurance or can you use private international health insurance from abroad?
4. Driving license: can you exchange your EU driving license to UAE with ease?