Recent content by Au999

Dina wrote me Friday and confirmed DLS is no longer working with IFZA

So here’s a quick conclusion to my story at least - IFZA confirmed that DLS are no longer partnered with them and the Fred will reach out directly to explain. What’s more, IFZA honored the DLS Loyalty Discount offered to me even though I went direct through IFZA. My personal take on this is...

Strangely IFZA wrote me a month ago saying they are only b2b and to go with DLS. So now for them to say the opposite is quite a surprise. But very Dubai!

I too had a back in business email from DLS in December and another one recently. I wrote to the renewals email @dls as I need to renew and weirdly I got an email back from the DLS renewals email address saying DLS is no longer a partner with IFZA - which CCd someone with an IFZA email. Always...

UK National - I know the UK is losing a certain amount of respect globally but don't think it's THAT bad yet :)

Exactly.

was something like $500. Not annoyed with the amount, more the principal LOL

So, Novel bank changed their banking partner a few weeks ago - and now inevitably - they're de-risking and closing foreign owned accounts (which was the whole point of Novel) Sure enough got my email last night (infuriatingly AFTER they'd taken their annual premium fee for 2024): Just to add...

This time it's different? Maybe. Perhaps

Real money isn't paper.

A lot of business bank accounts (a great majority) no longer allow accounts for companies in the precious metals trade or even to those in related areas - such as offering marketing services to gold companies. Which sucks if you work in gold :( As for moving across borders it's no issue even...

Judging by this job posting looks like Revolut going to be a decent option in Dubai at some point soon... https://www.revolut.com/careers/position/head-of-legal-revolut-uae-ecbfa3bf-8509-4436-ac34-f6ed76c3e1a8/

Yeah I was convinced it was a typo too but it's even in their new t&c from December 1. Dubai is sure loving the rug pulls ATM

I almost missed this email but CBD biz account monthly fee is rising from 100aed to 2500aed for their basic account. Crazy hike. Sure you can reduce this by moving up to the next tier but there is minimum threshold of 375000 to be maintained in account. Guess Wio about to get a lot more...

Personally I'm staying in Dubai as the pros far outweigh the cons. Didn't even find the summer heat too bad :) On a practical note @Fred - I've been out of action due to family issues some of which you know about - but now I realize I need to get FZCO company sorted out relatively soon to...