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SC AE + SC SG will probably be a very good setup for you. The required deposit for SC SG Priority Private is $1M and you can keep your money in Singapore while enjoying instant/free transfer between your AE and SG accounts.

Not correct. You can expect calls from RMs for "investment advices" but you can keep it in cash if you really want to lose 10% every year because of inflation. The bank will be happy. No need to travel. Check DBS Treasuries Private and SC Priority Private. Both can be opened remotely from UAE...

ENBD and CIM Banque are not even comparable. ENBD is obviously safer than CIM. If you have $3M, you can go with almost any bank in Switzerland like UBS or CS but still Swiss banking doesn't make any sense because of fees. It can make sense if you have $10M+ because fees are significantly...

One of my friend's accounts closed last year because he bought miles from a travel agent/third party and he was using the account for herself only. It turns out the mile broker used accounts of tourist groups to transfer miles. The airline is a member of the Star Alliance. If you really want to...

Yes, sometimes worth more. If you buy a one-way first class ticket from Dubai to Paris it will cost about $8770. You can buy the same ticket with miles and it will cost only 85K miles + $440. This means $8330 worth 85K miles and 1 mile is worth 10 cents for this flight. If you fly business...

I mentioned before, check the Emirates Islamic Black Card. If you spend $1M in one year then you will earn about 2M Skywards miles and it is worth $150K-$100K. Pretty amazing IMO. There is one important thing about buying/selling miles. Most airlines do not allow to buy miles from third parties...

Not worth it. You need to keep at least AED 500K in your account. The problem is it is a debit card. In case of fraud, you will be in trouble because debit cards are subject to different chargeback rules. They also cap the maximum miles you can earn in one month.

Yes you need a purchase invoice. You will get an invoice after your credit card payment. What's your point?

Actually Swissquote has lower custody fees than Saxo bank. The trick is they overcharge UAE-based customers. You open an account with Swissquote CH directly and you will pay a maximum 200 CHF per year for custody. Any Swiss broker's trading fees will always be expensive because of the swiss...

They can check the address. The address information is included in a SWIFT/SEPA transfer.

500k profit is pretty low to deal with Big4. They are expensive.

Rakbank is one of the worst banks in the UAE. Please try to apply to all other banks before applying to RAKBank. Currently easiest options are MashreqNeoBiz and Wio Bank.

You can buy a sports car with your foreign credit card in Dubai.

I have several miles cards for UAE and my home country. ENBD Marriott and Skywards Infinite cards are good but if you want to earn maximum miles, then you should go with Emirates Islamic Skywards Black card. It has a $1200 annual fee but you can get about 7% back with this card. There are also...

I fly internationally 10-12 times per year. I always fly business or first class and I have never paid for a single ticket for the last 4 years. I always use my credit card miles. Obviously, miles depend on your spending but even if you spend less($1-2k per month), you still get free tickets...

Thanks but why a loan is the easiest? It looks like capital injection looks easier for single share company. As far as I understand, I just need to transfer money and that's all. No agreement, no loan payback, etc...

Yes, I'm thinking the same if there is no other way.

Hi Guys, My question is a little bit about accounting. I need to inject more money into my single shareholder freezone company in UAE to use company expenses. I already deposited the initial capital but I need to deposit more. I think I can amend the company capital with authority and inject...

If you know a reputable bank that accepts a minimum $500K deposit for non-resident account opening in Switzerland, please share ;)

You can open a bank account with UBS and Credit Suisse with $5M. They're the two biggest banks in Switzerland.