Mentor Group Gold - AD Thread! BANK ACCOUNT IN DUBAI 100% AND OFFSHORE OR FREEZONE COMPANY SETUP

[First Idea Consultant LLC]

BTW, I do believe 800AED for a misstype in the thread, 8000 is accurate but I have not formed a company there as of yet

yes that's fine man, cost for Dubai free zone with 1 visa 6500 US dollars ( government cost) we will help you from start to end until your visa finished we will charge 1500 dollars our service fee and if you need our banking facilities then that will be separate . for business account we are charging 2k dollars and private account 750 dollars so your can say if you are taking all package then we can make it 10k dollars. yes we are accepting crypto payment USDT.

 

[aapni]

Crypto license you can make it but bank account opening with crypto activities are very very tough and you need VARA approval also that is expensive. i don't recommend to open with crypto activities , open simple software trading or selling and marketing activities and get UAE residence visa bd bank accounts and payment gateway, there are many many ways to cash out your crypto in UAE. Even for stocks trading or brokerage you need external approval from security exchange that is also expensive and taking time and Strick regulations, so better don't take that kind of activities, in UAE business activities in trade license is very important in bank point of view. yes we are accepting USDT payments.

I mean if you accept your fee and visa fee payment using crypto from outside UAE? Thanks for doing so.

the bank account initial deposit can be from a bank transfer. but it is unclear from your post or website how much that needs to be. Is it zero balance bank opening ?

 

[First Idea Consultant LLC]

I mean if you accept your fee and visa fee payment using crypto from outside UAE?
the bank account initial deposit can be from a bank transfer.

as a company we will accept payment from crypto outside the UAE, we will share our wallet details, then to government we will pay traditional way they mostly accepting bank transfer or card payment. Yes for bank deposit you need to do bank trasnfers.

 

[aapni]

Apologies for a messed order of replies - my browser is just having problem Quoting and editing.
I had two more queries:
- how long does the customer need to be there for the process of visa and bank account opening ?
- how much initial balance needed to open the bank account ?

 

[First Idea Consultant LLC]

Apologies for a messed order of replies - my browser is just having problem Quoting and editing.
I had two more queries:
- how long does the customer need to be there for the process of visa and bank account opening ?
- how much initial balance needed to open the bank account ?

1: for company formation you don't need to be here so all process online and you will get verification link via email to start the process, company formation takes 7 to 10 days, establishment card takes 2 days and we will apply your E-visa permit to enter into UAE to complete your medical and biometrics. so in UAE you need to be here at least 5 to 7 working days, business account will take some time to open approx. 2 weeks, you just need to do signatures and you can go back and meanwhile your account will be open.

2: depends on bank to bank, normally 50k aed minimum or if you want to go with digital bank like WIO there is no requirement for deposit only 99 AED per month there charges.

 

[aapni]

Thanks a lot for the info. I have talked to agencies , theyr'e suggesting cheaper corporate service quotes, but they seem to dodge the bank question where as a business useless when there is no bank account. Also, they r'e suggesting RAK and other banks that close accounts in a month so it is a bit doubtful.

 

[First Idea Consultant LLC]

Thanks a lot for the info. I have talked to agencies , they're suggesting cheaper corporate service quotes, but they seem to dodge the bank question where as a business useless when there is no bank account. Also, they are suggesting RAK and other banks that close accounts in a month so it is a bit doubtful.

yes i don understand, so my quote is for Dubai free zone setup not for RAK or Sharjah, many service provider offering services in cheaper price but that is not in Dubai, other cities and you will get residency of Sharjah or RAK not for Dubai, for bank account i am giving 100% guarantee to open if you choose business activities what i can recommend. bank account service is refundable if in case not successful but there is no chance because i am banking specialist having 10 years experience in UAE banks.

 

[aapni]

if you choose business activities what i can recommend

So that is a clear filter before getting a service.
I wonder, is crypto & currencies trading (for overseas firms) a safe business activity ?

Btw, I mean they suggest RAK bank, but I rear they are fairly inconsistent in closing account in a month after opening it.


So, for other members in the thread,
the total cost is likely to be 25K USD with a reasoinable guarantee for bank account opening and a visa processing with a corporation registration, and 2 weeks stay in UAE which is required for the process to complete .

 

[SCHLOSSFINANZ]

ok so you recommend to your clients to lie about their acitivies? Interesting....

 

[First Idea Consultant LLC]

if you choose business activities what i can recommend

So that is a clear filter before getting a service.
I wonder, is crypto & currencies trading (for overseas firms) a safe business activity ?

Btw, I mean they suggest RAK bank, but I rear they are fairly inconsistent in closing account in a month after opening it.


So, for other members in the thread,
the total cost is likely to be 25K USD with a reasoinable guarantee for bank account opening and a visa processing with a corporation registration, and 2 weeks stay in UAE which is required for the process to complete .

Crypto trading activity is high risk activities in a bank so I don't suggest to take that. Simple take some marketing services and software development activities. RAK Bank yes there reputation is not good for business banking, we can open in Dubai Islamic bank or Emirates nbd bank.

 

[alain]

Is it a requirement to set up a company and go through all the other services you offer in order to open a bank account in Dubai?

 

[aapni]

same question

 

[Clank]

same question

Is it a requirement to set up a company and go through all the other services you offer in order to open a bank account in Dubai?

https://www.rakbank.ae/en/everyday-banking/rakbank-for-you/non-resident-bank-account