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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Accepting Cryptocurrency in Restaurants: Benefits and challenges.
An account in an English bank is prestigious and profitable!
England is one of those countries where everything is based on standards. This is not…

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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…

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Brunei Offshore: Will Brunei offshore jurisdiction suit you?
Offshore Brunei - a tiny state that bites into the territory of Malaysia and wins…

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with cryptocurrency

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