How to open a foreign bank account that will not be closed due to the lack of confirmation of registration of this account in the tax
Many foreign banks, which still open accounts for non-residents, are beginning to demand documents that…

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Good reason to open a foreign bank account
The litigation that is currently unfolding between the Federal Tax Service and Sberbank may be…

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7 countries for offshore banking, which should avoid Russian-speaking immigrants from the United States
There may be a false opinion that once you are Russian, Ukrainian, Belarusian, or a…

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How to open a foreign bank account that will not be closed due to the lack of confirmation of registration of this account in the tax
Many foreign banks, which still open accounts for non-residents, are beginning to demand documents that…

Continue reading →

entities

Bank accounts in the UAE: changes and innovations

Unfortunately, in the UAE there are only a few banks that work with offshore, it is:
Emirates NBD, and the bank requires that the average monthly account balance be maintained at least $ 137,000;
United Arab Bank, and the bank requires that the average monthly balance on the account be maintained at least $ 100,000;
RAK Bank, and the bank requires that the average monthly account balance be maintained at least $ 275,000.
In addition, in order to apply for opening accounts of offshore companies in these banks, the owner of the company (shareholder) must be a resident of the UAE – in order to have a rationale for why you need a bank account in the UAE. Continue reading

Questions to ask a banker before investing

A private bank, managing other people’s assets rarely takes a large commission. Often we are talking about 1-2% per annum of the size of the assets. The proposal looks tempting, so not everyone asks additional questions.
A must. The fact is that in addition to the commission of the bank itself, there are additional commissions: the commission of the mutual fund, if your banker invests money in mutual funds; stock / bond storage fees; withdrawal fee, etc. Continue reading

Banking empires of British origin are fading

The UK banking sector is not just an attractive destination for a successful entrepreneur, but also a strategically advantageous point on the financial map of the world for asset management. Money is flocking to key megacities of our planet, among which London is also listed, but in recent times it takes a lot of effort, money and time to remain a client of a London bank. Continue reading