Recent content by Crest

Dubai banks are only as good as your RM if you happen to have one. The same bank could be both a disaster or easy depending on who you deal with. Honestly thats how it is. Sorry for the s**t answer

I am very surprised that you say you can run compliance directly with the compliance of banks, as that literally defeats the point of compliance, and I have never known a single bank (unless a weird one) that allows the 'public' to connect direct with the compliance department of a bank.

Hi Fred, what is your opinion that physical office is required for opening bank accounts in UAE, or flexi desks still an option? With exception of Wio, most banks seem to ask for physical office spaces.

Actually no not correct - the term 'qualifying' has not yet been defined as per the most recent paper published on the laws, and yes while I agree that it will most probably be this, the recent publication is different to the first consultation paper that said Free zones will remain exempt as...

Actually the recently published laws are not clear on if it will or will not apply to free zones. It says that more clarity will be given on these matters. Do you still need help in this regard?

Im not sure how low their risk apetite is - I opened a Gold Trading activity with them without a single question asked, where other banks said no from the off

Hi Nicolas - thanks for the offer to help - a non local bank would be fine for us to work with. We are just looking for solutions. Thanks

Appreciate the help mate. Thank you

Thanks - deposit as working capital or deposit into bonds etc?

Hi all, I have a Dubai Co, owned by a Russian Co, that has a license to mine coal. The Dubai co. intends to buy the coal from their parent co, and sell internationally. The Russian co. is part of a European group with a clear UBO, nothing to hide and all above board. Previously the coal was...

I have opened a business account with Wio to test. With an individual sharheolder the account was open within 2 days and activated within another 3 once the debit crd and cheque book arrived. A handy solution for DMCC companies where you have to deposit the share cap. As you must know, opening...

Hi, I can do the same in Dubai, USD/AED cash to USDt for 2%, and same usdt to cash Let me know if want to talk

I know a few people that have. Its a personal account and not business banking. Anyone with a visa can get a personal account in 24 hours anyway, but Ive heard its a decent app. I know there is another company xpense.co that is going to open towards the end of the year that is aiming to hit the...

Hi Michael apologies for the delay. Difference between the two depends on the requirement of you activity. IFZA is more broad in its actiivty choices, whereas DSOA is more tech based. I think both offer permanant offices, but trying to open a business bank account for any free zone company is...

This discussion is excellent. Looking forward to the next input