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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Ways to prevent bankruptcy of commercial banks in Russia
During the years of the crisis, which has lasted since 2014, the financial and economic…

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World banking systems
In world practice there are the following banking systems: 1) two-level: 1st level - Central…

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World banking systems
In world practice there are the following banking systems: 1) two-level: 1st level - Central…

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WPS salary protection system. How to open an account in the UAE and WPS?

When opening a corporate account in the UAE, the bank also provides access to salary payments through the WPS system. In this article we will look at what WPS is and how it works.
What is WPS and how does it relate to opening a bank account in the UAE?
The Wages Protection System (WPS) is an electronic salary transfer system that allows organizations to pay salaries to employees through banks, bureaus and financial institutions approved and authorized to provide this service. Continue reading