Dubai cash deposit of $1.000,000 in two different bank accounts

[jafo]

In some jurisdictions, it is a taxable income for the company. (In practice, you are usually funding a company when it has negative bilance; and no profit => no income tax. But some specific situation may happen.)

So, it's best to "lend" the company money then?

 

[Forester]

So, it's best to "lend" the company money then?

In such a situation – yes.
(And depending on the form of the company and jurisdiction, it can also be possible to raise the founding capital etc.; and there can be perhaps another ways, too – I am not an accountant and these tricks remain still rather a mystery for me, I admit. I am only sure who I should ask, in the particular situation )

 

[J55k]

It's true ENBD is not the best bank for that (I would avoid FAB for cash transactions as well). but many other banks are used to it.

Which ones?