Recent content by TheSherr

That's a good suggestion. Don't have a USD account yet but I'm going to check this out. Thanks!

Thanks for confirming. So what's your advice on this? You mentioned not ruining your life making the trip every 6 months but what should a person aim for approximately?

I’d like to emphasize this. I was also under the impression that I had 365 days but after checking my residence visa it clearly states (bottom in red) that a visit is required every 6 months. @Fred you mentioned staying out of the country longer is no issue for the visa. Does it have...

According to this not. https://www.plutusfinancialprotection.com/how-to-keep-your-uae-residence-visa-deadlines-and-exceptions/

Not yet but it looks like the way to go as I've been getting this advice from others in UAE as well. Even the interactive brokers do not offer EUR/AED currency pairs and during the boarding process they require a passport even after providing an Emirates ID so that's a showstopper for me as...

Can you PM me please?

Actually it is every 365 days instead of 180 if you own a business. The 180 days is only if you are an employee but owning a business gives you an investor visa = a visit every 365 days.

Perhaps Amana Capital or Equiti? Found those 2 in another thread on here

Started the application but unfortunately they also require a copy of my passport which I do not want to provide as I am an EU citizen...Any other options available which can be done with an Emirates ID only?

Correct. Application was done end of September 2022. Process was nice and smooth. Seems like a headache now due to the addition of the USD

Opened an account pretty easily (3-5 working days) with a minimum amount of documents and have been using the account since october 22 without any issues.

Thanks for the advice guys. Interactive brokers are a no go then and xe.com does not allow transfers from UAE. I guess the best option would then be taking it cash from the ATM at a 1% (Mashreq Neo) charge and then finding an exchange office to exchange to AED and depositing back through an ATM...

Issue here is that Wise requires the EUR to be sent to an IBAN in Belgium. Besides that my current Wise account is linked to another residency and I want to prevent any unnecessary issues between them. You never know when Wise will start with CRS.

So I have EUR accounts at Mashreq Neo Bank and Emirates NBD bank with euros in both accounts. I can transfer between them without costs but I'm trying to change the EUR to AED. I have AED account at both banks. Unfortunately both banks give horrible exchange rates (currently about 3.84 AED...

There may not be a public register available in many of the freezones (or coming in the future) but how about when foreign tax authorities explicitly request information concerning the UBO of a company? Will UAE authorities comply or will this be handled differently depending on the freezone ?