Advice on proof of Dubai Residency to open interactive brokers account

[kristoher]

Hello!

I opened a company using DLS Dubai before they ceased business operations. I have a company and am now a UAE resident with ID.

I am trying to open an interactive brokers account using Dubai, however they require proof of address. I assumed an Emirates ID card would have been sufficient.

As part of my job, I constantly travel and have no tax liability due to always moving around. I do not own property, and my nationality allows me to sever ties easily. I visit Dubai frequently but always stay in hotels. However, this is not sufficient for interactive brokers.

Is anybody able to provide any advice or guidance as to how I can open a brokers account? Or perhaps someone else is in the same situation.

Thank you very much!

 

[Martin Everson]

Is anybody able to provide any advice or guidance as to how I can open a brokers account?

Firstly what forms of proof of address does IB actually require as of today? Have you not considered just renting a cheap apartment in Dubai just to get some paperwork? $5k will get you a Indian laborer type apartment for a year with all bills included...lol. Then just hook up cheapest internet connection so you now have two proofs of address. You wont even need to stay there.

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Studio, 1-bath, 450 sqft apartment for rent at Sonapur, Muhaisnah 2 for AED 14,000 yearly, listed by UCF Real Estate. View floor plan, amenities & more.

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[USDT]

Is anybody able to provide any advice or guidance as to how I can open a brokers account? Or perhaps someone else is in the same situation.

IB accepted a bank statement from FAB as proof of address. When opening an account, FAB requested an address but did not require proof of it.

 

[cryptotree]

Sometimes bank statements are accepted and otherwise you can buy an official ejari easily

 

[USDT]

you can buy an official ejari easily

could you elaborate how I can do this?

 

[cryptotree]

could you elaborate how I can do this?

EJARI is a lease agreement, it’s an official contract that you rent something. But you can pay 1000-5000 dirham just to get this and you will have proof of address for the bank or whoever asks for it

 

[USDT]

EJARI is a lease agreement, it’s an official contract that you rent something. But you can pay 1000-5000 dirham just to get this and you will have proof of address for the bank or whoever asks for it

сan you recommend someone who offers this service?

 

[cryptotree]

On dubizle for example you can find services that offer this. I can’t recommend anyone unfortunately. But first check with IB which documents exactly your need to verify the addres. A bank statement would be much easier

 

[USDT]

I know someone that I've used in past for simillar service in UAE

Could you share what the price was for such a service?

 

[USDT]

I paid around 1K for lease agreement, and other useful extras, which i don't want to specify here, but definetly worth it when incorporating in UAE

not a bad price. Thank you for sharing!

If you don't mind, I'll write to you later. I’m not sure yet whether I can solve the problem myself

 

[Nomado]

Few years ago, I opened an account there with a letter from the hotel stating that I was staying at their place (I wrote the letter they signed it).
Let us know how it works