Mentor Group Gold
For the phone number I can agree.There is many ways banks will report you to the CRS even if you have a residency visa:
There is probably also banks who will report you for other reasons, like having a hotel address.
- Factually most banks will report you if the phone number you report is not local. So if you go to UAE and your country code on your phone number is something else, then you can be assured that they will report to CRS just to make sure
I could assume some banks also just reports to your homecountry for the fun of it.
That's why we are here to setup everything in the right way.
Everything else I can't agree.
The banks in the UAE are old fashioned they stick to the information on file because everything else is additional work for them and they don't like it beside of the fact that every single bank knows exactly what's going on so they don't have any benefit from reporting for fun.
Beside of that some example we had with the UAE banks:
1. I opened in 2018 a business bank account as non-resident and changed the status to resident after a year - never reported even some guys told me it could happen
2. A client from Austria was asked from the banker about previous residence and he mentioned Austria - the banker understood Australia. We had a laugh after that meeting. Some time later the account was opened even with the misunderstanding from the Indian banker.
3. Since forever I have on my personal account as Job/Designation the "Company Name" and under Company Name "Owner".
Just 3 examples beside of the fact that 100+ clients never got reported in past 2 years since we are providing our service.
As soon as you go with some banks outside the UAE like CIM Bank in Switzerland things changing rapidly.
So the government owned banks in the UAE are good for what they are there - retail banking for local companies with residence. They know exactly that from the date on they start playing funny games it will be the beginning of the end for UAE as a offshore jurisdiction - same goes for the 0% tax regime.