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Pay 0% Tax on Crypto Gains

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In recent news, Bitcoin has surged to $45,000, prompting many investors to consider cashing out their crypto holdings. However, the looming concern of hefty taxes often dampens the excitement of realizing gains. At Genzone, we believe in the long-term potential of cryptocurrencies and understand the importance of minimizing tax liabilities. In this comprehensive guide, we’ll walk you through the process of legally cashing out your crypto without paying taxes by obtaining residency in Dubai.

Registering a Business in Dubai:

The first step in this tax-efficient strategy is to register a business in Dubai. This business will serve as a vehicle for obtaining residency in the UAE, allowing you to take advantage of the tax benefits offered in the region. Our team at Genzone specializes in business setups in Dubai and will guide you through the registration process seamlessly.

Before getting started with the registration of your company in Dubai, you have to decide on the company’s structure first. Limited Liability Company can be opened in the mainland region to avail the benefits of the local markets. An important point in this is you can now enjoy 100 per cent foreign ownership of your company too. The UAE government has made amendments to the company’s law such that it can now accommodate more than 1000 company activities for getting complete ownership.

Local shareholding UAE partner is not needed in case you are registering your company in the mainland, and the government is introducing many business-friendly reformations continuously.

Registering a Trade Name for your Company

Registering a trading name is the next important step for Registering a Company in Dubai.

Find a name for your company after listing out all the business activities. Follow all the naming conventions that have been issued by the government. This will help you to avoid delays in the registration process. You can select any name but make sure that it does not convey the meaning of impolite, insulting, or any sentiments or beliefs of religion.

Deciding on your Location of Business

Deciding on your location of Business ascertains a lot about your venture. A lot of things will vary from one area to the other, like regulations on taxes, infrastructure, resource availability, exposure to diverse economies etc. You can avail space for your office after obtaining a tenancy contract. Go for office space only if it is really needed for your business.

Applying for a Company License

If you are registering your company on the mainland, you have to get this license from DED. If the registration of your company is under the free zone, then this license will be issued to you by local authorities. Furthermore, after getting a business license, you have to obtain some external approvals from other governing bodies if needed.

Residency Process

Once your business is registered, we’ll assist you in navigating the residency process in Dubai. Obtaining residency in the UAE grants you access to various benefits, including the ability to open a crypto exchange account and conduct crypto transactions with ease. With our expertise, you’ll obtain residency in Dubai efficiently, paving the way for tax-free crypto transactions.

Documentation and Submission
Ensuring the accuracy and completeness of documentation is crucial for a seamless residency application process in Dubai. Expatriates must compile essential documents, including personal information and a professional visa photo, to initiate the residency application process. While the documentation requirements are generally straightforward, meticulous attention to detail is essential to minimize the risk of application rejections or delays.
The documentation process typically involves gathering various materials, such as identification documents, proof of address, educational certificates, and a passport-sized visa photo. Additionally, individuals may need to provide specific documents related to their business registration, such as company formation documents, trade licenses, and sponsorship agreements. Collaborating with experienced professionals or legal advisors can streamline the documentation process and ensure compliance with regulatory requirements.
Once all required documents are assembled and verified for accuracy, they are submitted to the relevant government authorities or immigration departments for review and processing. Timely and accurate submission of documents is critical to avoid unnecessary delays or complications in the residency application process.
Entry Permit Application
Following the submission of required documents, the next crucial step in the residency application process is applying for an entry permit. The entry permit serves as official authorization for individuals to enter the UAE legally as employees of their registered company or sponsors. This permit is essential for initiating the residency process and gaining legal entry into the country.
The entry permit application typically involves submitting the necessary documentation to the UAE immigration authorities or relevant government agencies responsible for processing residency applications. The processing time for entry permits varies but generally takes between two to four business days, depending on the efficiency of the immigration system and the completeness of the application.
Once the entry permit is approved, individuals receive confirmation of their authorization to enter the UAE legally. This authorization enables expatriates to proceed with their travel plans and make arrangements to relocate to Dubai for employment or business purposes. Additionally, individuals already present in the UAE on tourist visas can initiate a status change application to transition to employment status using the approved entry permit.
Medical and Biometrics Appointment

After securing entry into the UAE through the entry permit, expatriates are required to undergo a medical examination and biometrics appointment as part of the residency process. While this step is essential for ensuring the health and security of residents, it can often be perceived as time-consuming and cumbersome. However, opting for a VIP service can significantly streamline this process, allowing individuals to complete both the medical examination and biometrics appointment in a single day.

During the medical examination, individuals may undergo various tests and screenings to assess their overall health and fitness for residency in the UAE. These examinations typically include assessments of vital signs, blood tests, and screenings for infectious diseases. Additionally, expatriates are required to provide biometric data, such as fingerprints and facial scans, as part of the security clearance process.

Official Residency Issuance

Upon successful completion of the medical and biometrics appointments, the final step in the residency process involves submitting the test results to the government for official residency issuance. This step typically takes two to three days for processing, during which the government verifies the individual’s eligibility for residency status in Dubai.

Once approved, individuals receive their digital residency card, which serves as official documentation of their resident status in the UAE. Unlike traditional residency permits that required physical stamps or documentation, the digital residency card is issued electronically, eliminating the need for cumbersome paperwork and providing greater convenience for residents.

Obtaining Emirates ID Card

The final milestone in the residency process is obtaining the Emirates ID card, also known as the national identity card. This card is essential for various administrative purposes, including banking, rental agreements, and accessing government services. Typically, individuals can expect to receive their Emirates ID card within two days of completing the residency issuance process.

The Emirates ID card contains biometric data, including fingerprints and facial recognition, and serves as official proof of identity and residency status in Dubai. It is a vital document for expatriates living and working in the UAE, enabling them to access a wide range of services and facilities across the country.

Open a Crypto Exchange Account

Once you’ve obtained residency in Dubai and secured your Emirates ID, the next step is to open a crypto exchange account. Dubai boasts a thriving crypto ecosystem, with major exchanges like Binance and Bybit offering their services in the region. Setting up a crypto exchange account in Dubai is a straightforward process, facilitated by the supportive regulatory framework and advanced financial infrastructure.

With your Dubai-based exchange account, you gain access to a wide range of cryptocurrencies and trading pairs, allowing you to diversify your portfolio and capitalize on market opportunities. Whether you’re a seasoned trader or a novice investor, these platforms offer intuitive interfaces and robust trading features to cater to your needs.

Opening a crypto exchange account in Dubai offers several advantages

Regulatory Compliance: Crypto exchanges operating in Dubai adhere to strict regulatory standards, ensuring the security and integrity of your transactions. By trading on regulated platforms, you can have confidence in the legitimacy and reliability of the exchange.

Access to Global Markets: Dubai-based crypto exchanges provide access to global markets, allowing you to trade a diverse range of cryptocurrencies from the comfort of your home. Whether you’re interested in Bitcoin, Ethereum, or alternative tokens, you’ll find ample liquidity and trading opportunities on these platforms.

Secure Storage: Most crypto exchanges offer secure storage solutions for your digital assets, including cold storage and multi-signature wallets. By storing your crypto holdings on reputable exchanges, you can mitigate the risk of theft or hacking and ensure the safety of your investments.

User-Friendly Interface: Dubai-based exchanges prioritize user experience, offering intuitive interfaces and seamless navigation. Whether you’re executing trades, monitoring price movements, or conducting technical analysis, you’ll find these platforms user-friendly and accessible.

Customer Support: In the event of any issues or concerns, Dubai-based exchanges provide dedicated customer support to assist you. Whether you require assistance with account verification, deposit and withdrawal procedures, or technical inquiries, knowledgeable support staff are available to address your needs promptly.

By opening a crypto exchange account in Dubai, you gain access to a dynamic and rapidly evolving market, enabling you to participate in the global crypto economy with confidence and convenience. Whether you’re looking to trade, invest, or hodl, Dubai’s crypto-friendly environment offers unparalleled opportunities for growth and wealth accumulation.

Tax-Free Capital Gains

The allure of Dubai extends beyond its iconic skyline and luxurious lifestyle; it’s also a haven for investors seeking to minimize their tax burdens. One of the most compelling benefits of obtaining residency in Dubai is the absence of income tax on capital gains and personal income. Unlike many jurisdictions around the world where crypto gains are subject to hefty taxation, Dubai offers a tax-efficient environment that allows investors to preserve more of their wealth.

By relocating to Dubai and establishing tax residency, individuals can legally reduce their tax liabilities and enjoy the full fruits of their crypto investments. Whether you’re a seasoned trader or a long-term hodler, the prospect of tax-free capital gains presents an enticing opportunity to maximize your returns. With the crypto market poised for continued growth and innovation, Dubai provides a supportive ecosystem for investors to thrive.

Simplified Asset Purchases

In addition to its favorable tax policies, Dubai offers a streamlined process for purchasing assets using crypto. From luxury watches to prime real estate, Dubai’s vibrant marketplace provides diverse opportunities for utilizing crypto as a means of payment. Whether you’re looking to diversify your investment portfolio or indulge in luxury goods, our team at Genzone is here to guide you through the process.

With our expertise and network of partners, we can facilitate seamless transactions that allow you to convert your crypto holdings into tangible assets. Whether you’re purchasing a luxury watch from one of Dubai’s renowned boutiques or acquiring a prestigious property in the heart of the city, we’ll ensure that your crypto transactions are conducted with efficiency and professionalism.

Navigating the world of crypto investments and asset purchases can be daunting, but with Genzone by your side, you can navigate the complexities with confidence. Our comprehensive services encompass everything from business registration and residency acquisition to banking assistance and asset acquisition, ensuring that your journey to financial freedom is smooth and hassle-free.

In Dubai, the possibilities are endless, and with Genzone as your trusted partner, you can unlock a world of opportunities in the crypto market and beyond.


Dubai emerges as a premier destination for crypto investors seeking to optimize their tax positions and capitalize on the burgeoning digital asset market. With its favorable regulatory environment, robust infrastructure, and tax-efficient policies, Dubai offers unparalleled opportunities for individuals looking to cash out their crypto holdings without paying taxes. 

At Genzone, we’re committed to helping you navigate the complexities of crypto transactions and achieve your financial goals. Contact us today to embark on your journey towards tax-free crypto wealth in Dubai.

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