Offshore Bank Accounts
Turner Little - Company Formation Agents
DLS Dubai - Company Formation & Bank Account
UK Ltd with emi bank account

TW closing UAE accounts

Bank Accounts, Company Formations, Tax Planning, Residency Solutions, and more
CALL US ON +971 50 4467827 - TO SETUP YOUR NON-CRS COMPANY STRUCTURE IN DUBAI.

OJ333

New member
We always open accounts for Dubai Companies in Paysera for our clients.

There is a workaround we can provide you via PM to keep it working in future.

In our eyes Paysera is the best Electronic Money Provider for companies incorporated in UAE for EUR.

Forget about all the other rip off EMI's with the non refundable application fees and even can't provide SWIFT payments at all or only in in name of the EMI instead of your company.
Hello, Fred. I would like to know more about the Paysera setup. I have signed up for their services for a BG company, but couldn't do it for my RAKICC one.
 

OJ333

New member
1 week, hahahahahahaha, optimistic but might be possible

Payoneer - was the quickest to setup, took a just a few days, but they do take their 2% which is a lot. But its a working solution. (they accept only deposits from corporations such as google, apple, amazon..)
- got GBP account with sort code and account number, EUR account with IE IBAN (ireland)
- tested with payment from UK google developer account, and then transfered it to my personal account in Croatia, smooth sailing (except that darn 2% fee)

Currenxie - very professional and smooth setup, took about a week or two, mostly because they needed a "Certificate of Incumbency" no older then 6 months, and my agent took her sweet time (about a week) to get it. But very pleased soo far.
- got GBP account with sort code and account number, and EUR account EE IBAN (estonia). (they also cant accept payments from non-business accounts, as far as i know)
- google accepted UK account as payment method (they do this by sending a small amount), but still haven't done the full transfer as its still not that time of month
- but they have fixed small fees which is awesome

Paydo - at some point they stooped responding, answering my nudges with "we're on it, well let you know...", its been 22 days since I sent over the documents


My advice would be Currenxie and Payoneer as a backup (at least that works for me as an app developer)

ps. you can lower the fee on payoneer to 0.6% as mentioned by rowena if you have a high enough turnover (over 100k eur), but it requires you to bite the bullet a few months until they see that's a normal thing for you.
I can confirm Payoneer is working, but they are very rigid and are basically marketplace oriented. However, I have also been able to receive payments from them from Stripe successfully. Their bank account is not debitable though, so this is a problem for refunds. Also, they are pretty expensive for sending money to traditional banks.

Thanks for the Currenxie review. I will try them.

Any other solutions you have found this far?
 

orange

New member
I can confirm Payoneer is working, but they are very rigid and are basically marketplace oriented. However, I have also been able to receive payments from them from Stripe successfully. Their bank account is not debitable though, so this is a problem for refunds. Also, they are pretty expensive for sending money to traditional banks.

Thanks for the Currenxie review. I will try them.

Any other solutions you have found this far?
Currenxie works, and im very happy with it so I stopped looking (i have payoneer as a back up).
Now that I have been using it for a while, I can say that transactions are fast (usually same day for in and out transfers) and cheap fixed transaction fees.
For my scenario where I get payed by google/apple as an app developer it works really well.

There are only two slight downsides:
- you have to pre-approve every outgoing IBAN, and that takes a few hours to approve. Once the IBANs are in the system/contact list, its fine going forward. But if you have to send money to a lot of new people could be a hassle.
- the transaction info on the sent money is filled with Currenxie name and data, with your part going on the end of it, so you might seem less professional sending money to people

Other then that its great, both are not issues for me
 

OJ333

New member
When they wanted to verify the address did you use a certificate of incumbency and if yes, does your address contain a PO Box?
 

csp dubai

New member
i had nmoney stock in payoneer for 6 mounth , on their decision without explanation. it took 12 mouths to recover funds from trasferwise good luck with them , if you move more than 10k a mounth is useless
 
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