He's quite good. Working with him and he's very transparent and always up for help via Whatsapp messages or even phone calls. Just talking from Indian perspective and it's been good so far. And he's personally involved, not like any other staff member will reply to you.
Sir thankyou for the video. One question: Do I require to stay in dubai for more than 6 months? Or living in dubai for more than 6 months is only for obtaining tax residency? If I chose to stay in dubai for 4 months and 8 months in India then will I lose my Dubai residency permit that I got from my business? Or will it just cause me to lose my tax residency and I can still continue to operate the business?
You are only required to travel to Dubai once in 6 months and can stay in India rest of the time. You are only required to stay in Dubai only if you want to become a Tax resident of Dubai and therefore become NRI in India. So even if you go to Dubai once in 6 months and stay in India - you would be able to retain your Dubai Residency Permit
UAE is certainly not a friendly place for bootstrapped startups, good luck with sky high expenses and running dry in the first operational year itself. This is a sad reality and an outcome of having zero income tax!
I'm a crypto trader, how much does it cost to form a company in freezone and i don't mind other Emirates to form a company, just want the cheapest emirates to form a company and live a tax free life.
Dubai is not as friendly as you think for crypto, Bahrain is better option. Thailand is second best. In Thailand you have to pay 7% tax, which will increase to 15% tax soon. Dubai blocks account like India. It's a headache. Still if want to open a company in Dubai, you have three options 1) open any company in free trade zone, normally people open Digital Marketing company. Show some transaction yearly in company accounts pay some vat, your accountant will be able to handle that. You can then trade through your personal account which is linked to your personal bank account. Opening a company is just to get resident visa. I hope you get the point.
2) Just get a work visa, which is available for 10k dihram, ask the agent to give permission to open a bank account and there are various other permissions needed, ask him to give all the documents. Mention high salary in your aggreement, you have to pay that much amount in advance to the agent. Then open a bank account, open your trading account and do whatever. You can travel anywhere you want to, you don't need to stay in Dubai in Either case.
3) open a crypto exchange license in Dubai. It a big Hassel, it's damn costly. They will give licence to open an exchange firm or broker firm like Binance. It's not for trading, but you can trade.
Sir I plan to stay in Dubai for 5 months every year with family (less than 182 days to maintain residential status). will do it for next 3-4 years. i am a stock market investor full time. Is free zone visa the best way for achieving the above objective? even if i open company in RAKFTZ, will i be able to live in Dubai?
Don’t fall in trap, Opening a company in Dubai is 100 times… really 100 times costlier than Indian and Pakistan, which is AED 22000 (INR 5 Lacs). It is just Trading License i.e. Company Registration Cost only. If you hire an employee it will cost you at least AED 7500 (INR 2 Lacs) per employee. Renewal of Trade license required every year, which has cost around AED 12000 (INR 3 lacs). In India You can Register a company in just INR 5,000. Renewal is just INR 2000 and No employees hiring cost. Doing business in Dubai is very hectic, too much compliance and non-compliance cost is huge amount.
@@DAANISH_KHAN_ sir, you would like to earn in dollar and spend in rupees, typical indian mentality! When you set up a company in dubai you have to spend AED and earn in AED. keep this simple..
Don’t fall in trap, Opening a company in Dubai is 100 times… really 100 times costlier than Indian and Pakistan, which is AED 22000 (INR 5 Lacs). It is just Trading License i.e. Company Registration Cost only. If you hire an employee it will cost you at least AED 7500 (INR 2 Lacs) per employee. Renewal of Trade license required every year, which has cost around AED 12000 (INR 3 lacs). In India You can Register a company in just INR 5,000. Renewal is just INR 2000 and No employees hiring cost. Doing business in Dubai is very hectic, too much compliance and non-compliance cost is huge amount…,
Yes sir, setting up a company in Dubai is certainly much more expensive than the cost in India or Pakistan... Not 100 times expensive but yes it is expensive... And anybody who is setting up a company in Dubai would certainly have taken this into account that everything in Dubai is expensive as compared to India or Pakistan... Dubai certainly is not the place for starters...
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He's quite good. Working with him and he's very transparent and always up for help via Whatsapp messages or even phone calls. Just talking from Indian perspective and it's been good so far.
And he's personally involved, not like any other staff member will reply to you.
Thankyou sir for your kind words 🙏🙏🙏
It's indeed a pleasure working with you...
Sir thankyou for the video.
One question: Do I require to stay in dubai for more than 6 months? Or living in dubai for more than 6 months is only for obtaining tax residency?
If I chose to stay in dubai for 4 months and 8 months in India then will I lose my Dubai residency permit that I got from my business? Or will it just cause me to lose my tax residency and I can still continue to operate the business?
You are only required to travel to Dubai once in 6 months and can stay in India rest of the time. You are only required to stay in Dubai only if you want to become a Tax resident of Dubai and therefore become NRI in India.
So even if you go to Dubai once in 6 months and stay in India - you would be able to retain your Dubai Residency Permit
UAE is certainly not a friendly place for bootstrapped startups, good luck with sky high expenses and running dry in the first operational year itself. This is a sad reality and an outcome of having zero income tax!
Or higher standard of living
Can we start a pharmaceutical company in UAE
Sir how to get a license in dubai what a step by step should i do
Connect with a business consultant like us. 😅... It will be easier
I'm a crypto trader, how much does it cost to form a company in freezone and i don't mind other Emirates to form a company, just want the cheapest emirates to form a company and live a tax free life.
Bro did u find any solution
@@gurpreet1234100 check with Unicorn Global solutions once bro.
Dubai is not as friendly as you think for crypto, Bahrain is better option. Thailand is second best. In Thailand you have to pay 7% tax, which will increase to 15% tax soon.
Dubai blocks account like India. It's a headache.
Still if want to open a company in Dubai, you have three options 1) open any company in free trade zone, normally people open Digital Marketing company. Show some transaction yearly in company accounts pay some vat, your accountant will be able to handle that. You can then trade through your personal account which is linked to your personal bank account. Opening a company is just to get resident visa. I hope you get the point.
2) Just get a work visa, which is available for 10k dihram, ask the agent to give permission to open a bank account and there are various other permissions needed, ask him to give all the documents. Mention high salary in your aggreement, you have to pay that much amount in advance to the agent. Then open a bank account, open your trading account and do whatever. You can travel anywhere you want to, you don't need to stay in Dubai in Either case.
3) open a crypto exchange license in Dubai. It a big Hassel, it's damn costly. They will give licence to open an exchange firm or broker firm like Binance. It's not for trading, but you can trade.
Try a virtual Company- No need this all Headache
Sir I plan to stay in Dubai for 5 months every year with family (less than 182 days to maintain residential status). will do it for next 3-4 years. i am a stock market investor full time. Is free zone visa the best way for achieving the above objective? even if i open company in RAKFTZ, will i be able to live in Dubai?
1. Yes, freezone is the most suited for your objective
2. Yes, if company is registered in RAKEZ - you can stay in Dubai
How many it will take get trade licence and residence vosa
Don’t fall in trap, Opening a company in Dubai is 100 times… really 100 times costlier than Indian and Pakistan, which is AED 22000 (INR 5 Lacs). It is just Trading License i.e. Company Registration Cost only. If you hire an employee it will cost you at least AED 7500 (INR 2 Lacs) per employee. Renewal of Trade license required every year, which has cost around AED 12000 (INR 3 lacs).
In India You can Register a company in just INR 5,000. Renewal is just INR 2000 and No employees hiring cost.
Doing business in Dubai is very hectic, too much compliance and non-compliance cost is huge amount.
Don’t fall you in trap… all will cost you at least AED 50,000…. It is apart from capital.
@@DAANISH_KHAN_ sir, you would like to earn in dollar and spend in rupees, typical indian mentality! When you set up a company in dubai you have to spend AED and earn in AED. keep this simple..
Don’t fall in trap, Opening a company in Dubai is 100 times… really 100 times costlier than Indian and Pakistan, which is AED 22000 (INR 5 Lacs). It is just Trading License i.e. Company Registration Cost only. If you hire an employee it will cost you at least AED 7500 (INR 2 Lacs) per employee. Renewal of Trade license required every year, which has cost around AED 12000 (INR 3 lacs).
In India You can Register a company in just INR 5,000. Renewal is just INR 2000 and No employees hiring cost.
Doing business in Dubai is very hectic, too much compliance and non-compliance cost is huge amount…,
Yes sir, setting up a company in Dubai is certainly much more expensive than the cost in India or Pakistan... Not 100 times expensive but yes it is expensive...
And anybody who is setting up a company in Dubai would certainly have taken this into account that everything in Dubai is expensive as compared to India or Pakistan... Dubai certainly is not the place for starters...
Go to Shrilanka were set up cost is INR 500.
Minimum employees required for company setup??
No requirement of min employees...
@@CAKaranBatra thanks sir
How much it will cost to start a holding company in Dubai which holds equity or ownership of a company in India.
At least 50000AED apart from capital.
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There is a calendly link.
Hindi me bolo
Like to contact you, How its possible ?
Please let me know cheapest cost of trade license in UAE as i have to make online business. Also provide me your contact number.
Contact us for trade license services
Hi sir
Plz share ur contact details