IFZA partners with Commercial Bank of Dubai to provide banking solutions

[troubled soul]

https://ifza.com/en/navigating-through-your-corporate-bank-account/

 

[smartcard]

Looks like a good move.
Anyone have got experience in IFZA company setup?

 

[Rick Ross 305]

IFZA, I believe is the only private-owned (non-gov) freezone (FZ) in the UAE, some type of concession to some Danish guy I heard.
They seem faster, better, cheaper and more efficient than most other FZs, but bank business accounts usually still the same hassle of all other FZs but wasn't aware of this deal with CBD.
That could be a deal breaker, good FZ + good bank.

 

[Tr0nad0r]

will they ask for substance (e.g an office) like other banks are doing nowadays?

 

[smartcard]

will they ask for substance (e.g an office) like other banks are doing nowadays?

I believe yes since substance is a Govt requirement that every bank needs to follow