UAE to introduce 9% corporate tax on business profits from June 1, 2023 (FZCO REMAINS 0%)

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I'm asking because this guy couldn't open IB account with EJARI⁢ contract (unsigned/unstamped). However, bank statement with local address usually works, I mean, it was always︀ accepted for my EU address when I had to extend W8BEN.
 
The EJARI which⁠ is accepted is only the electronic form registered at the dubai land department, which can⁤ be checked by Interactive Brokers for validity. The paper version is worth nothing. The bank⁣ opens your account without any proof of address, so what's written on the bank statement⁢ can't nbe used, you can put a PO BOx as your address, so it should︀ not work for IB, but you can of course try. Only use for having an︁ address on bank statement has been so far for proof of address for company renewal︂ in San Vincent and the grenadines.
 
Not only ejari, bank statements and the usual utility bills also⁢ work as they do for any halfway decent institution.
 
IB told me bank statements‍ didn't work. When I opened the bank account I put an address for the bank⁠ and there was no control whatsoever on it. There are international banks where you can⁤ do trading that DO require a Proof of Address, so a bank statement from Citybank⁣ might work, while a bank statement from CBD or NBD might not work. And of⁢ course DEWA bills work, but the ejari is much easier/quicker to have, I mean you︀ need an EJARI to have a DEWA bill. You can do the ejari, register it︁ with dubai land department, open all the accounts and cancel the ejari in 15 days.︂

I mean, I tried it,︄ it would have saved me 9000 AED. Nothing wrong in trying of course, that's super︅ easy to get.
 
That's it.

Bank Statements from‍ local UAE Bank works all the time for IBKR Company Accounts.

It depends a bit⁠ on the Compliance Officer dealing with however sooner then later they approve it.
 
Will the same work for personal account as well?
Passport with‍ residence visa + Emirates Id + Dubai personal bank account statement.
 
Depends on your‍ specific target, but generally yes.
It works as well. It does work for visa applications⁠ as well where you need to show wealth or/and income.
 
Thanks for post but can we keep to thread topic please. How did we get‌ from UAE tax discussion to Ukraine 😕
 
What do you mean?If you have to transfer residency to UAE, Italy⁠ for example doesn't accept bank statements as proof of residence, they want a tenancy contract⁤ and more.

For Interactive Brokers account, it didn't work for me.
for me it hasn't worked. I mean I tried sending︁ the bank statement as a proof of residence ( it was an address and not︂ a PO BOX on the bank statement ) when opening the account and IB said︃ that it was not a valid Proof of Residence. Try anyway, if they say no,︄ do the EJARI.
 
Just because what? ns2

Fun and games over keep‌ to topic or start a new thread. I am gonna remove my own posts too‍ where I have violated that rule also.
 
Yes I am not above anyone else in keeping‌ threads on topic. I am Rasputin not Vladimir Putin 😀. I have a loud mouth‍ and joke a lot in threads but I am gonna try and keep stuff on⁠ topic going forward ange¤%&
 
well yah the leading︀ places in the EUDSSR are surely more tricky.

Try it again, it took me as︁ well like 3 times until accepted due to some address mismatch or some bs like︂ that. It needs to match the exact spelling you entered in IB, otherwise some moron︃ might complain (hence you can try a couple of times).
 
Does EJARI⁤ contract stay online for download/archive purposes, or is deleted if it's canceled/expires?
 
well, if you can do it with the bank statement it's‍ obviously much cheaper, if you don't plan to live in dubai and don't rent with⁠ a long term contract.
 
My mistake! That couple opened mainland company,⁢ not freezone. Are there any differences between freezone and mainland company in costs, accounting...etc.? Is︀ the requirement for investor in mainland company, visiting UAE at least every 360 days?
 
With Mainland a lot⁠ of more bureaucracy is involved due to VAT, Audit and Accounting.
 
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