Borderless bank providing cards for UAE based company

[freeforall]

Hi everyone,

This is my first post, sorry if this is not the most appropriate place to ask this question.

My situation: I'm resident in the UAE (really living here) and I”¯have a FZ company doing business outside of the country.

Right now I'm using Transferwise but they do not offer cards for UAE”¯companies, so it's a bit annoying.

Is there any borderless bank where my company can have it's own account with a card that I can use to pay services etc. with?

Thank you a lot for your help

 

[JustAnotherNomad]

Can you pay with your own credit card and be reimbursed by your company?

 

[freeforall]

JustAnotherNomad said:
Can you pay with your own credit card and be reimbursed by your company?
Click to expand...

It is obviously possible, but I would like to avoid doing the extra work. Especially knowing that in the UAE there is no taxes, no accounting, no auditing etc. You're basically free to do whatever you want with the company money.

 

[JustAnotherNomad]

Why is that extra work then? If you can just pay with your own card and basically just pay out any amount you like to your private account at the end of the month? Serious question. Because I'd imagine it will be significantly easier to get a personal credit card than a business credit card.

 

[freeforall]

JustAnotherNomad said:
Why is that extra work then? If you can just pay with your own card and basically just pay out any amount you like to your private account at the end of the month? Serious question. Because I'd imagine it will be significantly easier to get a personal credit card than a business credit card.
Click to expand...

I'm already doing that, and would simply like to avoid that extra step if possible. It's not the most important thing in the world, but it's still annoying to have to deal with that every single month. I have tons of others things to worry about, it would be nice to remove this from my todo list as a convenience more then anything else.

 

[reesek]

What are the monthly volumes you are looking for and can you send eur from your company?

 

[Gediminas]

Depending on your needs, I could get you a card with high spending limits. Feel free to email me.

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[fshore]

freeforall said:
I'm already doing that, and would simply like to avoid that extra step if possible. It's not the most important thing in the world, but it's still annoying to have to deal with that every single month. I have tons of others things to worry about, it would be nice to remove this from my todo list as a convenience more then anything else.
Click to expand...

If you get a company credit card you would still have to transfer to the card every month, so would be the same.
If you have a personal card that you only use for the business then there would be minimal extra work

 

[freeforall]

reesek said:
What are the monthly volumes you are looking for and can you send eur from your company?
Click to expand...

I can send EUR from the current account in TW, it is in EUR right now.
Spending volume is relatively not that high, around 3K/month.

Gediminas said:
Depending on your needs, I could get you a card with high spending limits. Feel free to email me.
Click to expand...

I'm looking into something similar to Transwerwise, low or no costs and the card attached to it.

fshore said:
If you get a company credit card you would still have to transfer to the card every month, so would be the same.
If you have a personal card that you only use for the business then there would be minimal extra work
Click to expand...

If I had a business card, I would be free to spend directly without any transferring. As I said, in UAE there is no such requirements as accounting etc. company money is your money.

 

[JustAnotherNomad]

Can't you get a personal credit card and simply have the monthly bills debited from your EMI account using SEPA direct debit? I'm not sure if it works with TransferWise, but I've heard that it works with Revolut. Obviously it would require that you have an individual IBAN.

 

[jayminho]

transferwise ? (probably the most mainstream one)
and tons of other people here got solutions 🙂)

 

[freeforall]

jayme pereira nunes said:
transferwise ? (probably the most mainstream one)
and tons of other people here got solutions 🙂)
Click to expand...

They don't offer cards to UAE companies, I'm already their customer and looking for alternatives where my company could get a card.
Maybe there is no such bank out there yet.

 

[reesek]

okay, you need to change ownership of the money basically
can be done with a stablecoin : company buys euro stablecoin, then you control who gets it next and the next person cashes it out and moves to his (yours) card