Recent content by turtle

  1. turtle

    Bank Account for Dubai Free Zone Company

    They're interested in companies with a minimum $600K annual turnover but it can be reduced because 3s Money is trying to get a share from UAE market hardly. They got a license from UAE last year and marketing everywhere in DIFC.
  2. turtle

    UAE is on European Commission blacklist

    I'm talking about the address hotel not the outdated apartments inside the same building. Try to read first and after that use your keyboard. I don't need to justify anything to you. I own and manage properties in Dubai worth 8 figures. I know the market and how real estate agencies work and...
  3. turtle

    UAE is on European Commission blacklist

    1-) They are furnished apartments in the different part of the address marina building not "Address 5 Star Hotel" as Fred mentioned. 2-) You sorted the cheapest listings first. Real estate agents use fake cheap listings like this to attract potential customers. This is a very common tactic in...
  4. turtle

    UAE is on European Commission blacklist

    How? I just checked the lowest room price at Address Dubai Marina for 29 days. The cost is 12K EUR 1 month even in ramadan. You can check from their official website. You can't rent a room at the Address Hotel for 30-40K EUR per year. You can get a discount with 1-year agreement but obviously...
  5. turtle

    UAE is on European Commission blacklist

    Which Address hotel is it? Decent means any average flat in Dubai Marina. If you want to live in the middle of the desert then yes the price will reduce. JVC to downtown takes 30-50min and there is a huge traffic problem in the area during business hours also JVC is very problematic because of...
  6. turtle

    UAE is on European Commission blacklist

    You shouldn't be subject to 9% CIT with a free zone company. It depends on revenue and transaction count but generally costs 2-3K EUR. Possible but not in the near feature(in 3-4 years). A proper company set up in a reputable freezone costs 15-20K EUR per year including a small physical...
  7. turtle

    UAE is on European Commission blacklist

    Deposit $1M to have a good account in Switzerland? No thanks. Their second biggest bank collapsed just a week ago. There are lots of safer alternatives with less fees. https://fortune.com/2023/03/20/how-did-credit-suisse-collapse-so-fast/
  8. turtle

    Cheap apartments in Dubai?

    I heard that Nigerian thing but all of them were arrested in 24 hours and probably they're still in jail and waiting or hoping for deportation. You can rent a shitty dark place without air for 20K aed annually. If you want to rent a place for 20K AED then Dubai is not the right place for your...
  9. turtle

    How do people make wires for millions like it's peanuts?

    Banks have your transaction profile they know your usual transfer amounts and destinations. If you're wealthy and keep several million USD worth of assets with the bank then a $1M bank wire will not raise too much attention and it will be easily executed. If you have a bank account like average...
  10. turtle

    Buying Dubai Property as Non-Resident - 1.5% Escrow Agent Fee

    As long as you deposit 500K, they will be ok for a non-resident account. Number 1 rule is never trust real estate agent in Dubai. My suggestion is to go to EMAAR and check the properties available right now. Their building quality is above Dubai's average. You can book a unit with your credit...
  11. turtle

    UAE freezone company audit

    You shouldn't look for offshore company strategies at that profit level. Simply pay taxes in your country, focus on your business and check after $200K+
  12. turtle

    Buying Dubai Property as Non-Resident - 1.5% Escrow Agent Fee

    bluewaters residences, bvlgari residences, one at palm...
  13. turtle

    Buying Dubai Property as Non-Resident - 1.5% Escrow Agent Fee

    I'm not saying all buildings have good quality in Dubai but if you buy from a good developer, you will get a high-quality unit but they're expensive. Dubai is much better than EU, if you have money.
  14. turtle

    Buying Dubai Property as Non-Resident - 1.5% Escrow Agent Fee

    They are trying to rip you off. There is no such thing as "Escrow Agent" and you can open a bank account before your residency. Fly to Dubai as a tourist and approach to ENBD, ADCB or Mashreq. They can open a non-resident account for you but you need to apply their priority/gold segment which...
  15. turtle

    Received a SMS message from First Abu Dhabi Bank, UAE "we need more information on transactions on your credit card / FAB account..."

    I suggest you withdraw your remaining balance before saying something like this because your account will probably be frozen. I don't know what you're dealing with exactly but if the bank notifies the authorities, you will be in trouble.
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