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Recent content by wheelspin

  1. W

    Free zone companies in UAE - how do they operate without doing business with mainland?

    Hello, how do free zones do business within their free zone or outside the country? For running an eCommerce business you need the special eCommerce license and can operate on different platforms. There are some free zones where you can ship your products from your FZ to mainland and clear...
  2. W

    Anyone opened Schwab International Account with a Malta Residency?

    drop them a mail with proper paperwork and see if they can help you. Seychelles ibc raises always a red flag if you're not having $$$$$$$ amount of money or getting by with a white shoe law firm
  3. W

    Why people paying fee for custody or wealth management , when you can buy low fee index fund etf by yourself ?

    read their terms and condition. They have fully to disclose if they borrow your funds or not.
  4. W

    Does Private Bank have a self-directed option without AUM fees?

    With a stash of money, you always can negotiate the custody fee. Buy your ETFs with a different broker and transfer assets for free to your private bank or make a deal with them if you are doing a one-time investment and afterwards only hold strategy.
  5. W

    Living in Bahamas advantage and disadvantage??

    Same boxes exist in Germany. For example in Dortmund.
  6. W

    Question Private banking - 7/8 figures, white and safe

    are you sure? Compared to ETFs (World, all) most mutual funds do not outperform if it is your goal to outperform the market.
  7. W

    Own Nothing, but Control Everything – A Concept That Can Change Your Life

    Does anybody know how the terms of a trust look like? What exactly can be written down?
  8. W

    British tourist murdered by prison guards in Dubai

    you'll find negative press in any country. Why was he detained? usually normal people are not detained in Dubai. Very mysterious .
  9. W

    eSIM for two factor auth and sms verification (see topic)

    Are you sure they receive sms? I was wondering if they accept SMS codes for WhatsApp.
  10. W

    Question Private banking - 7/8 figures, white and safe

    Which bank or broker do you use instead?
  11. W

    Doomsday portfolio for Dubai expat (offshore banking/brokerage option)

    We would need to distinguish different regulatories in different countries to make sure which bank/broker separates the assets or not.
  12. W

    Doomsday portfolio for Dubai expat (offshore banking/brokerage option)

    in case of bankruptcy your assets like shares, ETFs, bonds, and more are protected and not part of their assets. A broker does not increase their asset on their balance sheet when you buy equity. Broker can lend, if not using the DTC (btw IBKR can do that) for US shares, but in any case our...
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    Question Private banking - 7/8 figures, white and safe

    What is your experience with their Swiss unit? At SQ LU you get on top: "Priority Line & Ambassador We’ll answer your calls and emails first. Plus, receive personal assistance with our Client Ambassador team." It sounds like a relationship manager "light" who can solve issues at a faster pace...