Offshore setup ideas

[Fred]

I think I have mentioned it several times the UAE banks are good for⁣ the retail banking and once you have 2-3M you go the DIFC and have a⁢ conversation with all the big banks that are located there.

When it comes to operating︀ a business with retail banking and day per day transactions the BVI is simply not︁ usable as they don't get any normal retail banking in reliable banks. That's why I︂ mentioned the BVI is still good for Asset Protection and Wealth Management after you made︃ your money.

 

[Fred]

The office is included in this price and that's what the banks in‍ the UAE want to see as substance.

Everything above is personal requirement like need of⁠ having a director sitting in the office to Bank with foreign banks like CIM Bank⁤ but beside of this the above mentioned for 4.000€ is all you need to have⁣ to satisfy the local banks.

 

[Roamer]

The original poster said he needed to⁣ hire somebody locally to be (read seem) legit to his home jurisdiction, UK. I⁢ understand you push UAE whenever you can but let's make it make sense to the︀ OP. And yes, UAE is awesome and if he can afford somebody competent locally then︁ he probably should, but skilled workers (let alone directors) in UAE are not cheap and︂ with the figures OP has thrown around initially, it just won't be worth it.