Best asset Protection strategy/private bank/wealth management for Dubai Resident (Expat)

Hello azb1,

my last post got deleted due to posting links - hence I wont post links.

Basically what I wrote all the banks, brokers are trustworthy and a good option.
However, check also Swissquote in UAE which also offers quite some options.

In addition, there are 'new banks' in Switzerland like SEBA or Sygnum or in the US like Signature/Silvergate which also offer different services.

However, once you deposit money into the bank account, its not your money anymore and became a IOU vs the banks balance sheet.

Therefore what I recommend is to invest in high grade, liquid, short duration bonds as like that it is off the banks balance sheet and your counterparty risk massively reduced.

Also its good to spread the asset in different white listed jurisdictions like Singapore, Switzerland, Jersey etc and avoid offshore banks like Belize, Marshall or such as this will eventually bite back nowadays.

To buy money-market bonds for example you can do in any of the above mentioned banks/brokers and such will stay off balance sheet without having the delta market risk.

troubled soul said:

I read on forum that It is safe to do not keep too much money in Dubai bank as It is risky.
I want know , after you reach let's say $25 million plus .
What is the best bank/broker/wealth management service ?

What are the option available in market for Dubai expat to protect money if something bad happen in Dubai ?

I find some and make list here

https://www.home.saxo/https://www.interactivebrokers.com/en/home.phphttps://international.barclays.com/https://www.hsbc.ae/current-accounts/products/jade/https://www.ipb.citibank.com.sg/portal/home_english/citi_home.htmhttps://international.lloydsbank.com/https://www.bgl.lu/en/individuals/my-applications.html#/https://international.standardbank.com/https://group.bnpparibas/en/https://www.ubs.com/ae/en.htmlhttps://www.dbs.com/ae/default.page

Click to expand...

in my openion , Trust Account will give the full protection and privacy to wealth people , by having trust account they can have the following : 1- purchase assets globally with full privacy and protection 2- legimate their own privacy by being not appeared when they want to buy any assets around the world 3- inheritance taxation protection 4 - crypto and virtual assets facilitating with full privacy as well , and many many other features , the great thing the client is a code , and the account cant be touchable by any one , which is for the last 100 years not even one Trust account was exposed .