Withdraw Money From UAE Company / Bank

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butanebo

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Nov 27, 2017
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Hi, I've been browsing through the forum and topics for some days already, however I did not find any exact answer / solution to my request.

I have an offshore company in UAE with an account in Mashreq Bank. There is not debit / credit card connected with that account. I live in EU. Obviously I would like to reduce taxes to minimum. What ways to get money from UAE to EU would you suggest me?

1. Create EMI account (AdvCash?)
2. Send money from UAE there
3. Withdraw money via ATM / Use Debit card for paying?

There will be my name connected with the debit card, so isn't that risky?

__

Or using Crypto? Buy Crypto from UAE and send it to my private Crypto account?

__

Surely there are dozens of EMIs, but these look the best to me:
https://advcash.com/
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Some of them have plastic debit cards some of them only virtual.. I feel like my head si going to blow pretty soon if I will not find a working solution. Any help or tip will be hugely appreciated, thank you!
 
Well, as it looks right now it is difficult if not impossible to get a debit card without to reveal your name!

That said, you can use AdvCash to filter your crypto money towards the bank and it is still possible to open a anonymous AdvCash account for instant with darks.

The way most do it is, BTC to AdvCash to Bank Account

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Thank you @Admin. Could you let me know how shall I buy BTC from the UAE bank account? What site / stock exchange shall I use? If I understand it right it should work like this:

Bank -> Buy BTC in stock exchange via wire transfer -> BTC to AdvCash -> AdvCash debit card / Personal bank account

Is that correct?
 
I was trying to get my account verified with entropay and it's really painful...just avoid them!
Upgrading Your Account

Note: it was a business account.

Transferwise is OK, use the borderless account (personal one), you can get a card with it (not for the business one).
 
Thank you very much for the update. If I get an account on Transferwise or AdvCash with my real name and adress, will they report the income and transfers from that account to my home country? Or do EMI account work independently? I hope you udnerstand the point. I am affraid that there is an option that in case the account will be connected with my name and adress the Tax Office from my country (again - it's EU based) can get to me one day asking me about the money and asking me to pay taxes.. Is that even possible or I am just too affraid? 🙂
 
it depends, what is the amount we are talking about?

TW will probably report to your country of residence when using a personal account.

But if you open a business account well it's a B2B relationship with your UAE company.
 
I am talking about $20-40K for now. not sure if that is "a lot" or "not that much" in eyes of these companies.

I won't get a debit card in case of Business account. Also there is a limitation for ATM withdrawal - only 200 GBP per 1 month.. I am not sure if that is the right choice.

AdvCash still looks like the best solution. Do you have any personal experiences with that company?
 
symon said:
symon said:
I was trying to get my account verified with entropay and it's really painful...just avoid them!
Upgrading Your Account

Note: it was a business account.

Transferwise is OK, use the borderless account (personal one), you can get a card with it (not for the business one).
Click to expand...
Click to expand...
What's the problem with the account upgrade ?

butanebo said:
butanebo said:
AdvCash still looks like the best solution. Do you have any personal experiences with that company?
Click to expand...
Click to expand...
They are great for anonymous account creating and to exchange money. You can withdraw money to most International MasterCards and Visa cards directly.

Only downside at the moment is they don't have a debit card.
 
Usually you have to use a card. From time to time they have other options but AdvCash seem to have troubles or they may have other reasons fro why they switch on/off funding options in their system.

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Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​
 
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