EMI for UAE/Dubai
- Thread starter dxbkk
- Start date
- Status
So DMCC requires audit and DSOA doesn't? For both i should keep accounting, but don't need to submit it anywhere, right?
And I still don't fully understand the costs.. @rowena said it's 15-20k minimum, @Fred offers complete package (incorporation, 9 sq.m real office space, all visa fees) for 7000 EUR, which is half price. Am I missing something?
And I still don't fully understand the costs.. @rowena said it's 15-20k minimum, @Fred offers complete package (incorporation, 9 sq.m real office space, all visa fees) for 7000 EUR, which is half price. Am I missing something?
Unless I misunderstood, @rowena says full(accounting, audit, office space, license, visa etc...) one year running cost $15k to$20k at prestigious DMCC while @Fred says about EUR7k for DSOA (no audit but proper UAE bank account) and the freelance thing is about 50% cheaper but is restrictive and UAE banks don't like it?
It's a little bit mixed we have to be careful to don't misunderstand each other in the forum.
However I already had a personal call with @mike400 he should have figuered out everything already.
Guys I just can recommend to everyone don't get to confused about soimething in︀ a forum. Things changing frequently and every user gives his experience thats fine but at︁ the end of the day we deal everyday with this. I can only mention our︂ daily experience and numbers.
However I already had a personal call with @mike400 he should have figuered out everything already.
Guys I just can recommend to everyone don't get to confused about soimething in︀ a forum. Things changing frequently and every user gives his experience thats fine but at︁ the end of the day we deal everyday with this. I can only mention our︂ daily experience and numbers.
DMCC and DSOA are different Freezones and of course they have different prices. DMCC is the best and most reputable FZ in Dubai and that's why it is also expensive but it doesn't mean you should go with the most expensive option. It depends on your business. I believe the pricing of Fred is very fair for the average Dubai company setup which is suitable for most people.
dubai is a disaster nowday , everybank will ask you mininum investment 200 till 500 k , investment , for free zone companies
Sorry not true. You have to know which banks to use and how to use them.
Again I can imagine that's your personal experience and of course that can be the case if you meet the wrong banker of the wrong bank. Don't forget that the bankers always try to sell you something to earn comission and of course they mention it as necessary.
That's why you have us with contact directly to higher positions inside the banks that focus on the account opening and not to rip you off.
Again I can imagine that's your personal experience and of course that can be the case if you meet the wrong banker of the wrong bank. Don't forget that the bankers always try to sell you something to earn comission and of course they mention it as necessary.
That's why you have us with contact directly to higher positions inside the banks that focus on the account opening and not to rip you off.
Hello Gentlemen,
I have a mainland registered company in Dubai and previously was working with Mashreq NeoBiz however our volume of business was too high for them so they shut down our account. The solution was perfect in cost and it solved our requirement for multiple currency account such as CAD,AUD,HKD etc. Does anybody else know of a bank in Dubai that can offer superior FX services and currency account outside the usual EUR/GBP/USD?
As a secondary solution we were using TW via a Delaware registration but that was shut down in September and since then it has been hard to find an EMI that can support our requirements for cheap FX and multiple currency accounts.
Please support us with︀ some suggestions for an EMI that can either be registered on Delware Corp or DED︁ Licinse that fits our requirements on FX Fee's and multiple currency accounts along with a︂ suggestion of a bank that can replace the facilities we had at Mashreq as we︃ visited Rak and ENBD who could only serve EUR/GBP/USD.
Thanks a bunch in advance!
I have a mainland registered company in Dubai and previously was working with Mashreq NeoBiz however our volume of business was too high for them so they shut down our account. The solution was perfect in cost and it solved our requirement for multiple currency account such as CAD,AUD,HKD etc. Does anybody else know of a bank in Dubai that can offer superior FX services and currency account outside the usual EUR/GBP/USD?
As a secondary solution we were using TW via a Delaware registration but that was shut down in September and since then it has been hard to find an EMI that can support our requirements for cheap FX and multiple currency accounts.
Please support us with︀ some suggestions for an EMI that can either be registered on Delware Corp or DED︁ Licinse that fits our requirements on FX Fee's and multiple currency accounts along with a︂ suggestion of a bank that can replace the facilities we had at Mashreq as we︃ visited Rak and ENBD who could only serve EUR/GBP/USD.
Thanks a bunch in advance!
guy i think here is bunch of amators , believe what you want , ebury is not a bank is currency exchanger, you need 500 k deposit and than invest is any decenct bank in dubay , 3 eur accounts is now days extremly difficult to get , 4 all dubai banks they are expanding their complaice procedures , 5 believe me forget free zone company , they are usesless , who tell you is posssibel is just try sell you a dream, and by they way if you need a corporate account you need fisrt a emirates id , and it take 5 weeks︀ this facts , the rest is the usual business advisor try sell you something .︁
Any body has recently expereince in dubai?
Any body has recently expereince in dubai?
- Status