EMI for UAE company?

[Johnfodden]

Hi,

Looking for EMI which will work for UAE based company.

Business : software system

Thanks

 

[Gediminas]

Hey,

Bankera could potentially work for you. It is subject to some other criteria, so‌ pre-approval might be a good idea before paying the application fee.

If you need help‍ with the onboarding, drop me an email. I am well-connected with them.

 

[Johnfodden]

I’ll drop you a signal? Is that ok?

 

[Forester]

HK EMIs (Currenxie, Statrys, Airwallex) can also work well for a UAE sw company.
(I presume that the nationality and residence of directors and UBO's are “non-toxic”.)

 

[Johnfodden]

Well that’s opinions lol ,, but yes uk citizen

 

[Forester]

🙂 UK citizenship is really OK

 

[Johnfodden]

Airwsllex looks really good, any experience with this anyone?

 

[clemens]

They are good, have been using them for a few years.

You have also Currenxie that‌ works well for me.

There are many more in mentor group gold resource section.

 

[Au999]

Been using a combination of Currenxie, CurrencyFair and actual Dubai bank CBD. So far works‌ well

 

[Forester]

Confirming.
Just a note re:‍ Airwallex – their application processing (KYC procedure) seems to be a little bit slow in⁠ the last, say, half a year, as I heard. But I consider it to be⁤ just a minor problem.

 

[M4S]

How is CBD working for you?

Currenxie has been‍ working great.

 

[For Free]

Can you tell something about Pros and Cons of‍ CurrencyFair?

 

[Finshark]

I've successfully opened an account in Payoneer with USD EUR GBP payment accounts.
DM, I‌ will share the telegram of my Payoneer manager, he can assist you.

 

[ecool]

Can you DM me? I cannot seem to DM you

 

[Forester]

AFAIK, you must be a Silver Member or a Mentor Group Member to have access‍ to DM.

 

[JimBeam]

Payoneer works as well but some of their fees are pretty high.

 

[Finshark]

Fees can be reduced on higher volumes (over 60k EUR/mo), the default 2%‌ transaction fee is high, totally agree.

 

[Au999]

Sorry I never saw these replies - CBD has so far been fantastic, personal‍ account has decent multi currency function in app, and processing is fast. Cannot fault personal⁠ account at all.

Business account is good but the online iBanking thing they use is⁤ stupidly complex to get going. They also only allow AED for first 6 months -⁣ hence I use CurrencyFair to change inward transactions to AED - and they've been great.⁢

There was a huge amount of kyc back and forth during account opening where︁ sometimes I'd be reasked the same stuff a few times despite thoroughly answering previously. Also︂ every few transactions there's a halt wanting to see an invoice or similar - but︃ this is probably because I'm in a higher risk jurisdiction and higher risk business.

But the actual processing and speed is great along with acceptable fees and rates. I'd definitely︄ recommend them.

 

[Cristero]

Hey Andy, can you please‍ DM me? I have a couple of questions for you. Thanks!

 

[pucecacou]

Any chance for CDB to be crypto-friendly ? And what about ADCB, ADIB or FAB‌ ?