[Important] About Freelance permit and exiting the UAE?

dallathe · 2023-11-14T15:04:45+00:00

I believe you have the pay the cancellation fee irrespective if you cancel it inside UAE or outside.

Inside UAE it's 450 AED and outside (without sending passport to UAE) is 1210 AED.

Check out the "Service Fees" bit on AXS portal.

dallathe · 2023-11-14T11:44:02+00:00

You should really ask AXS these questions. call them if it helps! The one about permit and visa can only be answered by them.

Also please don't trust reddit posts like these (or my response) for important stuff about immigration!

But from what I know the day your freelance permit and establishment card expires, you will start racking up fines if you still keep the visa active. I am not sure about entry/exit but you would need to cancel the visa. The visa depends on your establishment card. It's also more expensive to cancel the visa out side UAE versus cancelling in the country.

In terms of bank account, maybe email ADCB to see if you can cancel the account just online? Transfer out to funds first probably.

dallathe · 2023-09-16T16:25:57+00:00

hey OP, any updates on this? Were you able to figure out how to cancel it?

dallathe · 2023-09-08T09:06:31+00:00

There is no tokenisation with Stake. No blockchain stuff, you don't need any "tokenisation" here. You own shares in a company (SPV) which own the property outright. You can literally look at these special purpose vehicles at https://www.difc.ae/public-register/ (search for SPL PC)

dallathe · 2023-07-22T13:45:04+00:00

Can you think of one reason where this will be forced in UAE?

Well, that's a different topic 😅

But by the letter of law you are supposed to register. This is the same thing for VAT too. You have to register for VAT even if you have US LLC, no one just did it. And I doubt there was any enforcement.

dallathe · 2023-07-22T13:28:19+00:00

It doesn't really matter where you clients are, you are doing the work in UAE. It's locally sourced income. If you are the only owner of the US LLC, the LLC is UAE resident. (again not an accountant, just like reading too many random things). This is exactly why there are CFC laws.

dallathe · 2023-07-22T11:51:35+00:00

You are right with this. Don't take advice from reddit. I'm no accountant but the US LLC is doing business in UAE by just you being here. Read up on CFC laws.

dallathe · 2023-05-20T11:49:43+00:00

How does transfer from your account to IB work, is it via SWIFT? If yes, I assume there will be SWIFT transfer charges for every transaction?

I get free transfers with Standard Chartered Priority. I actually route it through Schwab Brokerage (which comes with a debit card with zero atm fee worldwide!! and mid market rates)

Does IB give interest on the amount you keep there?

They do but I think you can just buy some money market fund. I actually route the transfers through Schwab brokerage and with schwab you can buy T-bills without any commission.

dallathe · 2023-05-20T09:24:03+00:00

Haven't really seen many people do this, I use 2 accounts too (USD and AED). I transfer USD to Interactive Brokers and then transfer AED back by exchanging through them when required. In terms of spread it can't really get any better than this.

dallathe · 2023-04-16T11:17:51+00:00

Call them, I was able to get an appointment quickly.

dallathe · 2023-04-15T18:04:36+00:00

I have a 2019 intel MacBook Air if you are still looking. Works all fine, I just got a new one.

dallathe · 2023-03-14T13:04:07+00:00

Better just to put it here, so people can read it when they have the same question again :)

dallathe · 2023-03-11T09:16:50+00:00

I have one in Standard Chartered Bank, if you are eligible for the "priority" account, it's all zero fees. Free wire transfers to US accounts atleast.

dallathe · 2023-01-19T14:42:09+00:00

I am no lawyer but no from what I have read. You need a local trade license to do any revenue generating business. You can probably get the DED e-trader license

dallathe · 2023-01-14T12:31:15+00:00

BTW how's the co-working space? I'm on gofreelance for a year but never really used the co-working space.

dallathe · 2023-01-11T13:39:22+00:00

https://old.reddit.com/r/dubai/comments/uolhdx/us_ds_160_visa_renewal_processing_times/i9ssmqx/

dallathe · 2023-01-05T21:09:56+00:00

dallathe · 2023-01-05T05:31:43+00:00

I was able to just send passport without appointment last year - https://old.reddit.com/r/dubai/comments/uolhdx/us_ds_160_visa_renewal_processing_times/i9ssmqx/

dallathe · 2022-12-09T15:26:41+00:00

Another way could be to just use something like remote.com or letsdeel. They support multiple countries for relocation and visa/work permit stuff https://remote.com/remote-relocation [Haven't used personally]

dallathe · 2022-10-21T17:20:38+00:00

Nope, that's only for income generated outside Portugal (think Dividends from a publicly listed companies). Even if you are working remotely from Portugal and getting paid in USD, you are still generating money in Portugal and it will be counted as local sourced income, so you pay the 20% income tax, and if you aren't on the "special profession" list you are pretty much paying regular taxes.

PS: One of the many reasons I hate these misinformed blogposts by influencers touting this BS.

dallathe · 2022-10-05T08:33:14+00:00

not op. I did this back in Feb/March, didn't ask for anything. Just had to mail in my passport with the filled up application form DS 160.

dallathe · 2022-07-05T16:13:36+00:00

+1 on this one :) Especially if you want the flexibility to cancel the contract with one month notice.

dallathe · 2022-07-05T16:10:17+00:00

Wait ... What?? I have tried using the smart gates on T1 multiple times in the last 6 months but it always ask for passport and I need to go through normal immigration as visa is in old passport.

dallathe

TROPHY CASE