Offshore bank account for Dubai residents pt2

[gengiskhan]

A lot of valuable information has been shared on these forums of offshore banks willing to work with Dubai residents.
Want to contribute to this thread with my experience and open this up if any new names exist.

DBS/SC Singapore remote opening works without problem. They ask to park SGD 350k+
Luxembourg - BIL wanted to engage with a private banking relationship only.

To be able to open an account (salary account; savings account etc.) at BIL, you need to justify a financial, professional or economic link with Luxembourg (e.g.: your job, studies, internship etc.).
If these requirements are not met, the opening of a private banking investment account might be possible (min 1.000.000 eur)

Citi IPB UK/SG - Used to accept wires from crypto exchanges when done along with organic activity.
HSBC Expat Jersey - Can be opened and maintained with another HSBC premier relationship in different jurisdiction.

 

[koohl]

Don't look like new names exists it looks more or less like we have it all covered in other threads!

 

[turtle]

BIL closed its Dubai office long ago and terminated middle east operations. There are better choices for 1M EUR.

DBS is a safe and good choice but I don't think they will be flexible with crypto.

Citi UK/SG will close your account if you involve in crypto transactions.

To sum up, if you're involved in crypto transactions, it is better to work with crypto banks like BankFrick. If you're going to open a private bank account(starting from min $2M), then you can talk with your RM and they can be flexible about your transactions.