EMI for UAE company?

[Johnfodden]

Hi,

Looking for EMI which will work for UAE based company.

Business : software system

Thanks

 

[Gediminas]

Hey,

Bankera could potentially work for you. It is subject to some other criteria, so pre-approval might be a good idea before paying the application fee.

If you need help with the onboarding, drop me an email. I am well-connected with them.

 

[Johnfodden]

I’ll drop you a signal? Is that ok?

 

[Forester]

HK EMIs (Currenxie, Statrys, Airwallex) can also work well for a UAE sw company.
(I presume that the nationality and residence of directors and UBO's are “non-toxic”.)

 

[Johnfodden]

Well that’s opinions lol ,, but yes uk citizen

 

[Forester]

yes uk citizen

UK citizenship is really OK

 

[Johnfodden]

Airwsllex looks really good, any experience with this anyone?

 

[clemens]

Airwsllex looks really good, any experience with this anyone?

They are good, have been using them for a few years.

You have also Currenxie that works well for me.

There are many more in mentor group gold resource section.

 

[Au999]

Been using a combination of Currenxie, CurrencyFair and actual Dubai bank CBD. So far works well

 

[Forester]

They are good, have been using them for a few years.

You have also Currenxie that works well for me.

Confirming.
Just a note re: Airwallex – their application processing (KYC procedure) seems to be a little bit slow in the last, say, half a year, as I heard. But I consider it to be just a minor problem.

 

[M4S]

Been using a combination of Currenxie, CurrencyFair and actual Dubai bank CBD. So far works well

How is CBD working for you?

Currenxie has been working great.

 

[For Free]

Been using a combination of Currenxie, CurrencyFair and actual Dubai bank CBD. So far works well

Can you tell something about Pros and Cons of CurrencyFair?

 

[Finshark]

I've successfully opened an account in Payoneer with USD EUR GBP payment accounts.
DM, I will share the telegram of my Payoneer manager, he can assist you.

 

[ecool]

I've successfully opened an account in Payoneer with USD EUR GBP payment accounts.
DM, I will share the telegram of my Payoneer manager, he can assist you.

Can you DM me? I cannot seem to DM you

 

[Forester]

Can you DM me? I cannot seem to DM you

AFAIK, you must be a Silver Member or a Mentor Group Member to have access to DM.

 

[JimBeam]

Payoneer works as well but some of their fees are pretty high.

 

[Finshark]

Payoneer works as well but some of their fees are pretty high.

Fees can be reduced on higher volumes (over 60k EUR/mo), the default 2% transaction fee is high, totally agree.

 

[Au999]

How is CBD working for you?

Currenxie has been working great.

Sorry I never saw these replies - CBD has so far been fantastic, personal account has decent multi currency function in app, and processing is fast. Cannot fault personal account at all.

Business account is good but the online iBanking thing they use is stupidly complex to get going. They also only allow AED for first 6 months - hence I use CurrencyFair to change inward transactions to AED - and they've been great.

Can you tell something about Pros and Cons of CurrencyFair?

There was a huge amount of kyc back and forth during account opening where sometimes I'd be reasked the same stuff a few times despite thoroughly answering previously. Also every few transactions there's a halt wanting to see an invoice or similar - but this is probably because I'm in a higher risk jurisdiction and higher risk business.

But the actual processing and speed is great along with acceptable fees and rates. I'd definitely recommend them.

 

[Cristero]

Fees can be reduced on higher volumes (over 60k EUR/mo), the default 2% transaction fee is high, totally agree.

Hey Andy, can you please DM me? I have a couple of questions for you. Thanks!

 

[pucecacou]

Any chance for CDB to be crypto-friendly ? And what about ADCB, ADIB or FAB ?