UAE best banks?

[Candoit]

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.

 

[aage]

You want to speak with @Fred he will be able to help you. If still not, ask @Gediminas he will be able to help you too.

 

[Rick Ross 305]

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]

@Fred may be able to help you with banking in Dubai and UAE !

 

[Candoit]

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

 

[SoNewToAllShit]

500K ouch