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    Novel Bank Have Started Closing Accounts

    So, Novel bank changed their banking partner a few weeks ago - and now inevitably - they're de-risking and closing foreign owned accounts (which was the whole point of Novel) Sure enough got my email last night (infuriatingly AFTER they'd taken their annual premium fee for 2024): Just to add...
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    Looks like Revolut Dubai Coming Soon

    Judging by this job posting looks like Revolut going to be a decent option in Dubai at some point soon... https://www.revolut.com/careers/pos...lut-uae-ecbfa3bf-8509-4436-ac34-f6ed76c3e1a8/
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    Dubai's CBD Business Account Hike

    I almost missed this email but CBD biz account monthly fee is rising from 100aed to 2500aed for their basic account. Crazy hike. Sure you can reduce this by moving up to the next tier but there is minimum threshold of 375000 to be maintained in account. Guess Wio about to get a lot more...
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    Novel card fraud?

    Really weird thing but my US LLC bank account at Novel just had a card transaction refused for $6.80 using square in California. Thing is I'm in Dubai and the card is in a safe in the UK. Not only that but the card has NEVER been used, not once, it's not online anywhere, it's not connected to...
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    New Big Dubai FZCO Benefit?

    Ignoring the corporate tax issue covered at length elsewhere but is there not now a big greenlight on Dubai FZ companies dealing with onshore companies and people? Before it seemed to be a major no-no but now it's covered in tax law saying it's fine and you just need to pay tax on those...
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    Being Asked For Intermediary Bank Details?

    Hi, I've hit a snag trying to send an international transfer from a US business bank account (salary) to my personal bank account in Dubai (USD account at Commercial Bank of Dubai) - and hoping someone here can help. I've made a bunch of transfers to my USD Dubai account already mostly from...
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    Offshore in Scotland?

    I see Scotland's trying to copy Dubai... https://bullion.directory/go-ahead-granted-for-scotlands-new-freezone/
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    Breaking ties with UK for Dubai - drop UK ltd co?

    I'm looking to set up a Dubai fz co, residence permit - with proper substance, renting apartment and office etc. In order to help with making new UAE tax residence more clear to UK HMRC would it be beneficial to resign my directorship and transfer my shares at UK company? The UK company will...
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    Thanks for having me - Future UK to Dubai resident here

    Just a quick first post to say thank you for having me - and a realisation that the more I read the more I know I don't know! Quick intro - I'm an affiliate marketer with a decent global income needing to offshore my a*s - and Dubai seems to me as the obvious choice. (Plus it's known for it's...

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