How to pay for ads in a Offshore Company (e-commerce/ dripshipping)

[offshoreecom]

I have a E-commerce business in my country and I'm planning to incorporate my new company in the UAE.

Normally we need a lot of credit card with high limits to pay for Facebook Ads and other kinds of ads. We are using Revolut to generate this virtual cards and pay for the ads.

But I am not finding any option to use in a UAE/ Offshore Company. Someone has any suggestion?

Thanks a lot

 

[uplana]

Speak with @Fred or @Gediminas both have solutions I'm sure.

Surprised they didn't join the‌ discussion already but may be too busy

 

[offshoreecom]

Thanks @uplana , I will wait them, I hope they can help me.

Thanks a lot

 

[Fred]

Hi,

every big bank in the UAE has a Global⁣ Wallet Function to select if you want to be debited from your USD/EUR/GBP etc. balance⁢ to not have any FX.

However the basic debit card the smaller retail banks give︀ you are all the time AED dominated and therefore you have all the time +-3%︁ in FX fees.

There are EMI's like Satchelpay providing you with virtual cards as well︂ for UAE companies.

The only important thing for you is to keep in mind that︃ you are operating from now on in an Offshore Jurisdiction and therefore you need to︄ be willing to pay monthly some $ to get the same that used to be︅ for free while you where being onshore.

But that's starting from certain volume you are︆ earning a simple math - just don't expect to get everything for nothing like with︇ Revolut and Wise while you are operating through the UAE.

 

[Gediminas]

Hey,

What is your nationality and tax residency country?