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Thanks but like I said, not looking for a contractor side of the renewal more for a customer side of it.

Hi all, I would be interested to know the renewal process for the first time. Lots of things are documented for the creation but not for the first renewal (which seems different than the second one as well as you need an audit after your first financial year that may last 18 months) All my...

4 months so far, didn't have any issues at all. Have a EUR and USD account opened. Sent over to my personal accounts to Bulgaria and UAE and to some other business accounts in Estonia for the same company name.

Not at all. As soon as you can list customers and have a legitimate business, there is no issue.

Mainland companies are more intense to keep active as they require substance from the start and more administrative requirements later on. In terms of banks, with mainland companies you can open everything online in a matter of seconds with E20 (digital branch of ENBD) So, short story ...

All in and out movement went well. For cashing out, i'm using two different EMI. Revolut for personal accounts and paysera for personal account + corporate with cards. With the pain of shopping banks in UAE, i now prefer have several options on hand and not have everything with one company.

Almost everything out, i left some of it for a few weeks but its was transiting for most of it

Had 50k going in and out already. Everything went perfectly...

I found approval process fees nonsensical, I have no problem paying after the fact fees but having to pay fees upfront makes non sense especially for something a regulation asks for for all banks... KYC is highly automated (and very dumb as such), not rocket sciences and involves basically a...

His point was if you don't have a legitimate operation where these funds are coming from... it's easy for any legit banks or con artists to rob you of your money as you don't have a legal leg to stand on....

I'm nothing but patient now that I have a working account to do business with. I will reassess market in a year, I hope they will be there :)

So first of all I did go with experts. The first one disappeared on my after some document signature (nothing important), the second one tried to have me paid 5000e in advance, agreed to be paid after the facts and never delivered and the third one never came back to me. I'm completely against...

Aviation city. No i don't, I'm located in the FZE center. Foreign banks basically dont care at all, they just wabt to know you, you company znd your customers... if it's not shady, no issue there. For UAE, they want money or physical presence (non shared offices). If you have money (from 250k to...

Try paysera. It was painful to finish the account opening but it succeeded where all UAE banks refused to open for mine... opening fees are 100 + 10 for the card... I will test it out next month But take some chill pill and be prepared to have long conversation with them by mail until they...

I have my personal account there but it would have been better to pay for company stuff directly with a card or to avoid EUR to be changed to AED. I have paysera now and will try them out. Business accounts in UAE, both mashreq and rakbank made me wait a whole month (including 2 round trip to...

For UAE companies it was a nightmare... they don't have the correct procedure to cope with it as they are trying to check the dubai chamber of commerce... which is not governmental but subscription based. After weeks of discussions with them, they recognized their process was wrong so I...

Is currencyfair offering direct iban paiement for customers, which european local bank is bacling up the EUR account? A part from conversion fees, any other good aspect compared to currenxie? I finally successfully open an account at paysera. Will give them a try as well.

Mine is for UAE with a EUR account for european customers' payments

Currenxie is based in HK and the experience is smooth so far. Business bank account was open in two working days...

Some bank request some weird stuff... got a request from paysera for a digitally verified shareholder certificate from a certain authority... that "authority" is not an authority at all, is a paid membership chamber that doesn't even provide the service for certifying shareholder certificate...