How or where to open bank account for Dubai free zone company

[eleb2019]

Hello all,
Possibly my problem is not new for this forum and it was asked earlier but due to my low experience in offshore questions i need help.

In the beginning of 2019 i opened company in UAE Rakez free zone (FZE) and everything goes well till my first attempt to register the bank account. In the first bank i visited i immediatelly got refusal and explanation that with all my and my company documents it will be almost impossible to register the bank account in UAE banks. The reason is that i purchased wrong license for my company (General Trading) and my citizenship (Uzbekistan) is also in high risks zone for UAE banks. I signed the compliance documents almost in 5-6 banks in Dubai and got refusal everywhere. Some banks offered me to change the license type and register the physical office but as i heared later it will not affect to the result.

Is there any way to solve this situation or better to open the bank account outside Dubai? Where it is easier to do (county or bank)? And which way is fastest to register bank account?

 

[Nesso]

Hello,

Did you find a solution to open a bank account in UAE for your Rak company?
I am interested to know how things are going on.

 

[myhand]

If you find a bank or just an EMI please post here. CG Bank seems to open accounts for Dubai companies but I don't know how reliable they are in real!

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[Martin Everson]

Cimbanque allowed RAK's but don't know if they do any more.

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[HNWI]

Martin Everson said:
Cimbanque allowed RAK's but don't know if they do any more.
Click to expand...

They do.

 

[eleb2019]

Thanks for responses.
For now have few ways to go:
1. Alfallah Bank branch in Dubai;
2. TBC bank in Georgia;
3. Fortress Bank in Turkey;
4. EuroPay EMI;
5. CIMbanque.

What do you think?

 

[myhand]

eleb2019 said:
2. TBC bank in Georgia;
3. Fortress Bank in Turkey;
Click to expand...

No.2 I would really like to know if you succeed to open an account with them and if so, how you did it 😉
No.3 Stay away from Turkey nothing than trouble.

HNWI said:
They do.
Click to expand...

What are the min. deposit requirements now a day with them? any other special requirements they have?

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[Mark Rucken]

As far as I know, CIM Banque only works with companies incorporated in Dubai, that is what they told me a few months ago.

For the Dubai company, it is really hard to open an account ... anywhere. UAE does not Apostille and a few European banks that are still opening accounts for these companies do not wanna even look at the docs unless you have Apostille. An alternative is to certify documents in the embassy of the country where the bank is located, but that is very expensive and risky.

I am afraid that you might have wasted money, but good luck anyway.

 

[djaheim]

Georgia wont open a Business Account for non resident entity.

 

[Martin Everson]

varun289 said:
I can open Bank account for UAE registered company, It can be LLC, FreeZone or Offshore Company registered in any emirates of UAE with active trade license.
I have contacts of Banker in almost all the bank in Dubai and UAE.
I can even open account in Dubai for foreign companies.
Click to expand...

You joined forum 5 minutes ago and on your very first post comes up with this nonsense 🙄.

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[eleb2019]

varun289 said:
I live in UAE, So I said I can do it since I am Ex Bank Employee, you can PM me if you need to verify my NATIONAL ID.
Click to expand...

Please share your contact info to PM.

 

[eleb2019]

And what about CG bank that promoted in the top of this pages? Home page looks not very reliable...

 

[Flatworld]

eleb2019 said:
And what about CG bank that promoted in the top of this pages? Home page looks not very reliable...
Click to expand...

Fake bank license...

 

[Martin Everson]

Avokado64 said:
on what basis such statements are? it feels like competitors are simply spreading false information
Click to expand...

So you feel that CG Bank is real...really......lol? Are there really people that stupid out there? Trust me my friend when this scam unravels EVERYONE including the promoters receiving kick backs are 100% going to be jailed in US. If common sense does not tell you it is a scam then I cannot help you. I mean 10% fixed rate on Euros??????? rof/%. The Opaque offshore ownership and no UBO or employee data given???....lol. Have you read the below or actually considered using common sense rather than hope and trust. Some people still today believe bitttttcooonnneeeccctt was real so I guess there is no helping some.

https://www.sbfpriveescamwarning.com/largest-bank-scam-involving-7-banks/

It is worse than Reggie Middleton and Veritaseum

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[eleb2019]

Martin Everson said:
So you feel that CG Bank is real...really......lol? Are there really people that stupid out there? Trust me my friend when this scam unravels EVERYONE including the promoters receiving kick backs are 100% going to be jailed in US. If common sense does not tell you it is a scam then I cannot help you. I mean 10% fixed rate on Euros??????? rof/%. The Opaque offshore ownership and no UBO or employee data given???....lol. Have you read the below or actually considered using common sense rather than hope and trust. Some people still today believe bitttttcooonnneeeccctt was real so I guess there is no helping some.

https://www.sbfpriveescamwarning.com/largest-bank-scam-involving-7-banks/

It is worse than Reggie Middleton and Veritaseum
Click to expand...

Thanks for information and link =) I am totally noob but noted that their web page looks like scam.

 

[Martin Everson]

I will repeat for the avoidance of doubt and benefit of everyone that CG Bank is a SCAM!!!!

Read the below link and come back and argue with me that it is not:

https://www.sbfpriveescamwarning.com/largest-bank-scam-involving-7-banks/

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[eleb2019]

What do you think about EuroPay S.R.O. EMI? Is it reliable? i understand that prices for their services are very high...

 

[Martin Everson]

I have never used them.

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[eleb2019]

Dear all,

what do you think about company 1sterlng.uk

Just send the inquiry to the Euro Pay S.R.O. EMI for account opening and they contacted me by email and added sales email registered at 1sterling.uk.

 

[eleb2019]

@Martin Everson thanks for information about CIM Banque.

Contacted them. They dont declined, justed asked little more documents than from others.