Putting a UAE proof of residence on an existing Wise account

[karishi]

Hi, two questions:
1) is it possible to use a UAE address for an existing and already verified Wise Bank account?
2) if it's posible, is a bank statement enough for it?
It's unclear what the situation regarding Wise in the UAE is.

 

[bigdaddyleon]

Wise no longer offers accounts for residences in the UAE.
If your account is‍ already verified, I would not change anything & continue to use it.

 

[karishi]

That's what I thought, but then I read this
https://wise.com/help/articles/2978051/getting-verified-in-the-uaeI know of people⁠ verified in the UAE with a UAE address who use it
And I read this⁤
https://www.reuters.com/technology/fintech-firm-wise-fined-360000-by-abu-dhabi-regulator-2022-08-30/

 

[bigdaddyleon]

https://wise.com/gb/borderless/aed-account
"We can no longer offer multi-currency accounts to users with an address in the‌ United Arab Emirates, due to a recent regulatory update. We’re working hard to get multi-currency‍ accounts back."

https://www.offshorecorptalk.com/threads/tw-closing-uae-accounts.31622/