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Candoit

New member
Hi I'm struggling to find a UAE bank for my new UAE foundation-only structure - I've been told they want 500k balances retained in them all the time - can anyone recommend from experience ones that will accept a 5k or even 25k USD balance? To clarify I will be non-UAE resident but hope to be added to the bank mandate as the primary user.
 

Rick Ross 305

BANNED MEMBER
Hi I'm struggling to find a UAE bank for my new UAE foundation-only structure - I've been told they want 500k balances retained in them all the time - can anyone recommend from experience ones that will accept a 5k or even 25k USD balance? To clarify I will be non-UAE resident but hope to be added to the bank mandate as the primary user.
Any luck? Did you get any insights you can share here?
 

bonox

Corporate Services
Silver Member
Mentor Group Gold
Business Angel
@Fred may be able to help you with banking in Dubai and UAE !
 

Candoit

New member
Any luck? Did you get any insights you can share here?
Not looking good as a jurisdiction. The banks are profit focused so unless I leave money sat idolly there they are going to be charge massive fees - can I trust them to keep me in a couple of years? EU will continue to pick on UAE as that's where they are losing most tax euros to
 
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