Dubai cash deposit of $1.000,000 in two different bank accounts

[jafo]

Forester said:
🙂 In some jurisdictions, it is a taxable income for the company. (In practice, you are usually funding a company when it has negative bilance; and no profit => no income tax. But some specific situation may happen.)
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So, it's best to "lend" the company money then?

 

[Forester]

jafo said:
So, it's best to "lend" the company money then?
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In such a situation ”“ yes.
(And depending on the form of the company and jurisdiction, it can also be possible to raise the founding capital etc.; and there can be perhaps another ways, too ”“ I am not an accountant and these tricks remain still rather a mystery for me, I admit. I am only sure who I should ask, in the particular situation 😉 )

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I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...

 

[J55k]

ZipZop said:
It's true ENBD is not the best bank for that (I would avoid FAB for cash transactions as well). but many other banks are used to it.
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Which ones?