Crypto Trading in Dubai.......................

[Tak]

Afternoon Peeps

I am looking to relocate to Dubai in December.

My plan is to cash out tax free and hopefully start day trading , full time.

Was wondering if anyone is based out there and what is the score with Crypto trading as a full time job.

Medium term plan is looking to start a Crypto Business over there , possibly a payment provider , On ramping type biz.
If there are any Entrepreneurs out there looking for Investment , lets chat.

Would be good to network and connect.


Thanks for reading

 

[Hotandcoldciccio]

Afternoon Peeps

I am looking to relocate to Dubai in December.

My plan is to cash out tax free and hopefully start day trading , full time.

Was wondering if anyone is based out there and what is the score with Crypto trading as a full time job.

Medium term plan is looking to start a Crypto Business over there , possibly a payment provider , On ramping type biz.
If there are any Entrepreneurs out there looking for Investment , lets chat.

Would be good to network and connect.


Thanks for reading

good afternoon my name is Anthony and I live in Perth Western Australia.Where do you currently live?

 

[LimySoul]

Today, the UAE is one of the friendly states on this issue, where foreign investors can register a cryptocurrency business in the shortest possible time, as well as enjoy 100% foreign ownership and tax benefits. I did FxPro Broker Review and realized that the UAE had introduced favorable measures to encourage digital asset trading and interest. In March 2022, the world's largest cryptocurrency exchange Binance received a license from the UAE to conduct some operations in Dubai, from where it plans to develop regional business.

 

[Gibstbor]

It is possible to engage in cryptocurrency trading as a full-time job in Dubai, but it is important to keep in mind that it carries inherent risks and may not be suitable for everyone. Trading cryptocurrency, like any other financial instrument, involves the possibility of loss and is not suitable for all investors.

If you are considering starting a cryptocurrency business in Dubai, it is important to familiarize yourself with the local regulatory environment. Cryptocurrency is not yet regulated in Dubai, although the Dubai Financial Services Authority (DFSA) has issued a number of statements outlining its position on cryptocurrency and the steps it is taking to monitor developments in this area. The DFSA has warned investors about the risks associated with cryptocurrency and has advised caution in dealing with cryptocurrency-related products.

It is also important to consider the broader business environment in Dubai and the specific requirements for starting a business there. This can include obtaining necessary licenses and permits, finding suitable premises, and complying with local laws and regulations.

If you are considering starting a cryptocurrency business in Dubai, it may be helpful to seek the advice of a local lawyer or business advisor who can help you navigate the local legal and regulatory landscape.