Cash deposit in a corporate bank account

[Ucfelaz]

I just opened a corporate bank account in Dubai, and I want to deposit a sum of money in the account, cash. Is this dangerous for the account, or do I need to prove the source of the money?

 

[CyprusLawyer101]

You will have to disclose source of funds. Discuss with your banker in general terms and ask what they would require before you go ahead.

 

[Ucfelaz]

You will have to disclose source of funds. Discuss with your banker in general terms and ask what they would require before you go ahead.

I have a bank transfer receipt as a labors salaries even i dont have a labor in my company yet. Is there a problem with that.

 

[Sols]

They will ask questions. The type of questions and the degree to which they care about the answers depends on the business itself as well as the size and currency of the deposit.

 

[JackAlabama]

The question is will you deposit 100M in cash or just 1k.
Size matters, as always

 

[Ucfelaz]

The question is will you deposit 100M in cash or just 1k.
Size matters, as always

I have reached a solution to a company account in Turkey, which will transfer a sum of money to my company's account in the UAE, with the transfer receipt. The amount is 15k€ monthly. Will that work ?

They will ask questions. The type of questions and the degree to which they care about the answers depends on the business itself as well as the size and currency of the deposit.

My company provides marketing services, and the amount exceeds one million dollars, divided into monthly payments, through a bank transfer from a company account in Turkey.