Advice on proof of Dubai Residency to open interactive brokers account

[kristoher]

Hello!

I opened a company using DLS Dubai before they ceased business operations. I have a company and am now a UAE resident with ID.

I am trying to open an interactive brokers account using Dubai, however they require proof of address. I assumed an Emirates ID card would have been sufficient.

As part of my job, I constantly travel and have no tax liability due to always moving around. I do not own property, and my nationality allows me to sever ties easily. I visit Dubai frequently but always stay in hotels. However, this is not sufficient for interactive brokers.

Is anybody able to provide any advice or guidance as to how I can open a brokers account? Or perhaps someone else is in the same situation.

Thank you very much!

 

[Martin Everson]

kristoher said:
Is anybody able to provide any advice or guidance as to how I can open a brokers account?
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Firstly what forms of proof of address does IB actually require as of today? Have you not considered just renting a cheap apartment in Dubai just to get some paperwork? $5k will get you a Indian laborer type apartment for a year with all bills included...lol. Then just hook up cheapest internet connection so you now have two proofs of address. You wont even need to stay there.

https://www.bayut.com/property/details-8797260.html

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[USDT]

kristoher said:
Is anybody able to provide any advice or guidance as to how I can open a brokers account? Or perhaps someone else is in the same situation.
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IB accepted a bank statement from FAB as proof of address. When opening an account, FAB requested an address but did not require proof of it.

 

[cryptotree]

Sometimes bank statements are accepted and otherwise you can buy an official ejari easily

 

[USDT]

cryptotree said:
you can buy an official ejari easily
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could you elaborate how I can do this?

 

[cryptotree]

usdt said:
could you elaborate how I can do this?
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EJARI is a lease agreement, it's an official contract that you rent something. But you can pay 1000-5000 dirham just to get this and you will have proof of address for the bank or whoever asks for it

 

[USDT]

cryptotree said:
EJARI is a lease agreement, it's an official contract that you rent something. But you can pay 1000-5000 dirham just to get this and you will have proof of address for the bank or whoever asks for it
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сan you recommend someone who offers this service?

 

[cryptotree]

On dubizle for example you can find services that offer this. I can't recommend anyone unfortunately. But first check with IB which documents exactly your need to verify the addres. A bank statement would be much easier

 

[USDT]

Restless said:
I know someone that I've used in past for simillar service in UAE
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Could you share what the price was for such a service?

 

[USDT]

Restless said:
I paid around 1K for lease agreement, and other useful extras, which i don't want to specify here, but definetly worth it when incorporating in UAE
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not a bad price. Thank you for sharing!

If you don't mind, I'll write to you later. I'm not sure yet whether I can solve the problem myself

 

[Nomado]

Few years ago, I opened an account there with a letter from the hotel stating that I was staying at their place (I wrote the letter they signed it).
Let us know how it works

 

[kristoher]

cryptotree said:
On dubizle for example you can find services that offer this. I can't recommend anyone unfortunately. But first check with IB which documents exactly your need to verify the addres. A bank statement would be much easier
Click to expand...

I had a look on dubizle, but they all seem to be commercial and not residential?

 

[ShillGates]

https://canvaspaint.org even cheaper