Our valued sponsor

Dubai Golden Visa Bank Deposit - Crypto

bwy

New member
Dec 7, 2020
21
12
3
35
Dubai offers the Golden Visa by depositing 2M AED into a 2-year fixed-term savings account.

Any recommendations on how to do this via crypto? Would cashing out directly into the savings account raise any issues? Are there better OTC options?

If you had the funds only in crypto, how would you go about it?
 
  • Like
Reactions: JohnLocke
Dubai offers the Golden Visa by depositing 2M AED into a 2-year fixed-term savings account.

Any recommendations on how to do this via crypto? Would cashing out directly into the savings account raise any issues? Are there better OTC options?

If you had the funds only in crypto, how would you go about it?
I moved to Dubai around may june last year after considering few places and i've learned a lot about it and crypto. No option to pay the golden visa with crypto directly as i know but you can get a managers check at otc desks. I confirm that works. Banks don't want to hear about crypto personal accounts linked to exchanges get blocked. P2p like binance p2p is risky despite what people on reddit say im saying from banking perspective one day one of your p2p friends might get their account checked then all transacted accounts get closure. Common stories here my friend...


Managers checks look around the dubai marina very decent otcs there make sure they are regulated and for those amounts they'll take your kyc information as most places now do. Crypto to cash is fine if it 20-30k euro at once i can confirm that too. If your crypto can be proven history you can check out rain bahrain exchange and they will deposit without issue. i suggest sending from one big exchange like coinbase to rain. Such process results in smooth transactions for me and so far i've personal exchanged over 700k usd since arriving here


That is my experences from here oct is great place to search for content it helped me make decisions which now resulted in better lifestyle new friends and new business opportunities!
 
I moved to Dubai around may june last year after considering few places and i've learned a lot about it and crypto. No option to pay the golden visa with crypto directly as i know but you can get a managers check at otc desks. I confirm that works. Banks don't want to hear about crypto personal accounts linked to exchanges get blocked. P2p like binance p2p is risky despite what people on reddit say im saying from banking perspective one day one of your p2p friends might get their account checked then all transacted accounts get closure. Common stories here my friend...


Managers checks look around the dubai marina very decent otcs there make sure they are regulated and for those amounts they'll take your kyc information as most places now do. Crypto to cash is fine if it 20-30k euro at once i can confirm that too. If your crypto can be proven history you can check out rain bahrain exchange and they will deposit without issue. i suggest sending from one big exchange like coinbase to rain. Such process results in smooth transactions for me and so far i've personal exchanged over 700k usd since arriving here


That is my experences from here oct is great place to search for content it helped me make decisions which now resulted in better lifestyle new friends and new business opportunities!

I guess this "rain" cex works inside Bahrein? Would it be possible to use it to offramp inside Bahrein?
 
Banks don't want to hear about crypto personal accounts linked to exchanges get blocked.<...>


If your crypto can be proven history you can check out rain bahrain exchange and they will deposit without issue.<...>
Thanks for the info! Can you elaborate this? P2P is not allowed but licensed rain.com is fine and you can transfer from them directly to your account without questions from the bank?
 
Thanks for the info! Can you elaborate this? P2P is not allowed but licensed rain.com is fine and you can transfer from them directly to your account without questions from the bank?
I don't know why but this how it is. P2p is allowed but if they check big trouble....

Rain is a good cex well regulated and supported in Bahrain. I presume that's the reason it is seen like that also all your transactions come as bank transfeer. If you have real reason to accept crypto with your business you have nothing to worry about
 
  • Like
Reactions: Meta
Is anyone successfully cashing out from Rain to a personal UAE bank account? Especially for large amounts?

I’ve heard that Nexo → UAE bank works well, since Nexo provides a personal IBAN and the transfer shows up as a personal deposit.

Curious to hear how others are handling their off-ramping for large amounts
 
  • Like
Reactions: forward
There are lots of UAE based binance p2p traders for a while now with thousands of transactions and they still have banking. Some of them say that even if bank asks they just say its binance p2p and banks understand.......
Not sure how true this is, but I see the same traders for an year now and they still operate with bank transfers.....
 
Dubai offers the Golden Visa by depositing 2M AED into a 2-year fixed-term savings account.

Any recommendations on how to do this via crypto? Would cashing out directly into the savings account raise any issues? Are there better OTC options?

If you had the funds only in crypto, how would you go about it?
We help quite a few clients who are in a similar situation, holding crypto and looking to get a UAE Golden Visa. One of the simplest and most common routes we've seen is exchanging crypto to AED and using those funds to purchase property in Dubai. That purchase, if structured right, can make you eligible for the 10-year Golden Visa. The property route requires a real estate investment of at least AED 2 million. That can be in one property or across multiple units. What's important is that the total investment meets or exceeds the threshold. As for off-plan properties, yes they are now accepted, but there’s a condition: you need to have paid at least 50% of the property’s value already, and that amount must be registered with the Dubai Land Department. If there’s still a mortgage or payment plan in place, you’ll need a letter from the developer or bank confirming the payment status and their no-objection for visa issuance. People often go for off-plan units in prime locations because you can put down the 50%, secure the visa, and let the handover happen later. Also, you can sponsor your spouse, children (regardless of age), and even your parents once your visa is approved. We also see a lot of people doing this without ever needing to be physically in Dubai until the visa stamping stage, especially if they’re working remotely or managing assets internationally. If your funds are in crypto, converting them into fiat through a proper channel is the first step. It needs to be a clean, verifiable source, ideally going through a regulated OTC desk or private banking route to avoid any issues with the property transfer or visa application.
 
Last edited by a moderator:
We help quite a few clients who are in a similar situation, holding crypto and looking to get a UAE Golden Visa. One of the simplest and most common routes we've seen is exchanging crypto to AED and using those funds to purchase property in Dubai. That purchase, if structured right, can make you eligible for the 10-year Golden Visa. The property route requires a real estate investment of at least AED 2 million. That can be in one property or across multiple units. What's important is that the total investment meets or exceeds the threshold. As for off-plan properties, yes they are now accepted, but there’s a condition: you need to have paid at least 50% of the property’s value already, and that amount must be registered with the Dubai Land Department. If there’s still a mortgage or payment plan in place, you’ll need a letter from the developer or bank confirming the payment status and their no-objection for visa issuance. People often go for off-plan units in prime locations because you can put down the 50%, secure the visa, and let the handover happen later. Also, you can sponsor your spouse, children (regardless of age), and even your parents once your visa is approved. We also see a lot of people doing this without ever needing to be physically in Dubai until the visa stamping stage, especially if they’re working remotely or managing assets internationally. If your funds are in crypto, converting them into fiat through a proper channel is the first step. It needs to be a clean, verifiable source, ideally going through a regulated OTC desk or private banking route to avoid any issues with the property transfer or visa application.
Which private banking routes you would recommend?
Does priority/exelency accounts in banks like adcb, enbd, sc, etc count?
 
Yeah, just to clarify, Revolut and similar platforms can work for fiat, but they’re not considered private banking or proper OTC desks. If the funds come from crypto, most of these platforms (including UAE priority accounts like ENBD or ADCB Excellency) won’t be able to handle the conversion properly or issue the compliance paperwork needed, especially for property registration or Golden Visa purposes.

Most people go through a licensed OTC provider or private bank (either UAE-based or offshore) that can provide full KYC and source of funds reports.

Also, small side note, the UAE just removed the 50% down payment requirement for Golden Visa via real estate. You now only need to have signed for AED 2M+ (even off-plan), not paid half upfront. It simplifies things a lot.
 
Yeah, just to clarify, Revolut and similar platforms can work for fiat, but they’re not considered private banking or proper OTC desks. If the funds come from crypto, most of these platforms (including UAE priority accounts like ENBD or ADCB Excellency) won’t be able to handle the conversion properly or issue the compliance paperwork needed, especially for property registration or Golden Visa purposes.

Most people go through a licensed OTC provider or private bank (either UAE-based or offshore) that can provide full KYC and source of funds reports.

Also, small side note, the UAE just removed the 50% down payment requirement for Golden Visa via real estate. You now only need to have signed for AED 2M+ (even off-plan), not paid half upfront. It simplifies things a lot.
What would be a good example of an UAE based private bank?
 
Yeah, just to clarify, Revolut and similar platforms can work for fiat, but they’re not considered private banking or proper OTC desks. If the funds come from crypto, most of these platforms (including UAE priority accounts like ENBD or ADCB Excellency) won’t be able to handle the conversion properly or issue the compliance paperwork needed, especially for property registration or Golden Visa purposes.

Most people go through a licensed OTC provider or private bank (either UAE-based or offshore) that can provide full KYC and source of funds reports.

Also, small side note, the UAE just removed the 50% down payment requirement for Golden Visa via real estate. You now only need to have signed for AED 2M+ (even off-plan), not paid half upfront. It simplifies things a lot.
How much do you need to invest in such property in Dubai to get the Visa ?
 
  • Like
Reactions: donna4
You can do off-plan, pay 20 % downpayment + 4 % DLD of a property valued at 2 million AED. After this, then you can apply for the golden visa, you would need to get the title deed, from developer to do that. Price for a Golden Visa is around +/- 16.000 AED valid for 10 years. (best thing is you dont have VISA travel rules - 6 month out and come back to Dubai) Golden VISA can be 10 years out, and then come back and renew.
 
You can do off-plan, pay 20 % downpayment + 4 % DLD of a property valued at 2 million AED. After this, then you can apply for the golden visa, you would need to get the title deed, from developer to do that. Price for a Golden Visa is around +/- 16.000 AED valid for 10 years. (best thing is you dont have VISA travel rules - 6 month out and come back to Dubai) Golden VISA can be 10 years out, and then come back and renew.
Incorrect. You can't get the title deed from the developer before the off plan property is finished and handed over. However, you can still apply based on the off plan purchase and it works, i've done it.
Also last time I checked Rakbank wasn't a private type of bank.

Spreading false information when offering related services, doesn't look good.
 
Incorrect. You can't get the title deed from the developer before the off plan property is finished and handed over. However, you can still apply based on the off plan purchase and it works, i've done it.
Also last time I checked Rakbank wasn't a private type of bank.

Spreading false information when offering related services, doesn't look good.
There are no false information, this is the process. The document, you get from the developer is a Oqood (so you can call the document what you want) but the process, is that you need that document, before you can apply for the golden VISA even when you haven't paid of the 1 million AED (as was the rule recently)

Rakbank is a both a private and business bank, and they are the best bank in UAE - With low compliance.

@PinkCat I will help you free of charge to get Rakbank, just so I can prove you are
wrong
 
There are no false information, this is the process. The document, you get from the developer is a Oqood (so you can call the document what you want) but the process, is that you need that document, before you can apply for the golden VISA even when you haven't paid of the 1 million AED (as was the rule recently)

Rakbank is a both a private and business bank, and they are the best bank in UAE - With low compliance.

@PinkCat I will help you free of charge to get Rakbank, just so I can prove you are
wrong

Don't want to argue really and appreciate your offer.
But my experience is that I got golden visa based on an off plan property for which I've paid 50% but didn't have Oqood. However, it still works and the company I hired to do it for me did it within like 10 days.
Anyway, it's just a technicality.