NBD will ask less questions in my experience
CIM ask questions for everything (sais so as part of the signup process).
I'd put more money in NBD than in CIM.
ENBD and CIM Banque are not even comparable. ENBD is obviously safer than CIM.
Not correct. You can expect calls from RMs for "investment advices" but you can keep it in cash if you really want to lose 10% every year because of inflation. The bank will be happy.Big Swiss and Luxembourg banks want to have the money invested but we don't want that, need it in cash.
No need to travel. Check DBS Treasuries Private and SC Priority Private. Both can be opened remotely from UAE.Singapore is far to travel to try opening an account. I heard at UOB is easier to open.
Most UK banks will onboard you as long as you deposit the minimum relationship balance of the Private tier or one tier lower but the remote opening can be challenging.Any recommendation for a UK bank that can onboard me as UAE resident?
Switzerland is safer than UAE. NBD is safer than CIM. Probably, depends on how you perceive and measure risk.Isn't NBD and UAE more risky as a country compared to Swiss? I think that in UAE foreigners are seen as workers and if there a legal issue we might be in disadvantage.
I'm investing but in real estate not in stocks or other assets during this time. So I need access to cash anytime when there's something up for sell.You can expect calls from RMs for "investment advices" but you can keep it in cash if you really want to lose 10% every year because of inflation.
I will go to SC next month when I'm in Dubai. Thanks!SC easier to open if you open SC AE account in advance. This will make KYC process of SC SG easier. Don't go with SC Private(min $2M) because it has higher fees and only oriented to sell wealth management products.
I won't hold funds in any of them for long term.Switzerland is safer than UAE. NBD is safer than CIM. Probably, depends on how you perceive and measure risk.
Just did that with on Barclays, video appointment is in one week. Thanks.Some UK banks such as Barclays and Lloyds will refer you to their branches in Isle of Man, Jersey, or Guernsey instead. You can start account opening process online with them.
Last year I wen to VP bank and LLB, both required investment account not cash. I assume with Luxembourg banks is the same. If I did that I'd have 20% less money now compared to 10% inflation.Go to places like Luxembourg, Switzerland, Liechtenstein, US, Singapore, Isle of Man, or UK for that.
Barclays are the best, but they do not open for EU and EEA residents!Einige britische Banken wie Barclays und Lloyds verweisen Sie stattdessen auf ihre Filialen auf der Isle of Man, Jersey oder Guernsey. Mit ihnen können Sie den Kontoeröffnungsprozess online starten.
SC AE + SC SG will probably be a very good setup for you. The required deposit for SC SG Priority Private is $1M and you can keep your money in Singapore while enjoying instant/free transfer between your AE and SG accounts.I will go to SC next month when I'm in Dubai. Thanks!
It also depends on what is your obective thereafter. Keep it in cash ( not sure if it is wise nowadays) ? Invest it further snd where?
Be advised that you would not avoid CRS, unless you bank in a non-AEOI/CRS country. All banks report to the country of tax residence, small or big. (I must admit I do not recall at this moment whether the citizenship country is informed too /if different from tax residence country/; I guess not.).What I must avoid is the CRS and I think big banks send reports to citizenship country too.
Ok , so it may also be important to consider a bank which would be supportive to your future plans, both in understanding and processing transactions as well as potentially providing finance for your acquisitionsThereafter I want to invest in EU real estate, new developments, house refurbishment and flipping, rentals.
That's why I think an UK bank is a better fit for my purposes.
I am afraid that it is OT for this thread; but you can find (IMO) a lot of useful information for example here Reliable banks in non-CRS countries that allow remote opening for foreign citizensWhat country would you want to bank in that is not CRS and where it is possible to apply for banking?
Just to clarify - Does it must to be Treasures Private (1,500,000 SGD Deposit), or Treasures (350,000 SGD Deposit) can also be opened remotely?Not correct. You can expect calls from RMs for "investment advices" but you can keep it in cash if you really want to lose 10% every year because of inflation. The bank will be happy.
No need to travel. Check DBS Treasuries Private and SC Priority Private. Both can be opened remotely from UAE.
SC easier to open if you open SC AE account in advance. This will make KYC process of SC SG easier. Don't go with SC Private(min $2M) because it has higher fees and only oriented to sell wealth management products.
DBS is another very safe option. You need to email DBS Treasuries Private and they will guide you about remote bank account opening. There is also DBS Private branch in Dubai but the minimum relationship balance is $3.5M.
Most UK banks will onboard you as long as you deposit the minimum relationship balance of the Private tier or one tier lower but the remote opening can be challenging.