EMIs that have no problems with LARGE incoming transfers?

[banafinfodafuggiano]

I make 2-3 big deals every year selling to other businesses, we are tallking about $100,000 - $350,000 payments coming to my Business bank account in one go.

So far I have used my Canadian company and strong local bank accounts and never got any suspension on any platform,

however, I am soon relocating overseas and planning on incorporating either in Hong Kong or Dubai, to save on Tax. (and because Canada is Terrible)


What are the EMIs / banks for these two jurisdictions that will allow me to continue my business as usual
without too many questions asked and without blocking my payments?


The payments will come from Escrow since this is the main middle man that keeps the money until the services are released, and then Escrow pays me.
Escrow doesn't allow me to use Transferwise, Revolut, Airwallex, etc...! to receive payments.


I sell Digital assets in the ecommerce niche to third party businesses so it's all legit Business and nothing in the black or gray area.
We have sale agreements in place, everything verified and signed... etc..

 

[Sols]

Those amounts shouldn't be a problem for any EMI or bank that opens business accounts. In the context of business banking, 100–350,000 is not considered especially large.

Aside from some small or specialized ones, banks in Hong Kong and UAE handle thousands of transactions around that size per day. Even the likes of Airwallex, Currenxie, and Statrys handle a lot of transactions that size and larger per day.

When you open your account, make sure you explain the intended transaction profile on the account to the bank. Give them an early chance to reject you if something about your business isn't to their liking. Expect friction at the first couple of transactions, providing them with invoices, agreements, and the usual stuff. Once you've done that a few times, they'll probably leave you alone aside from spot checks and reaching specific lifetime account thresholds.

 

[myhand]

You need to tell the EMI what you are going to do and where the money is coming from before the money arrive. If you do so, no problems.

 

[bibing]

Lol, I would be surprised any bank or EMI in Hong Kong is going to bat an eye.

I once transferred 400K EUR and they didnt even ask me anything.
We are talking really about another planet. Nothing to do with those kakadoodie banks in Europe

 

[ironhide]

Currenxie and 250k USD transfer worked fine for my Dubai company. But I'd talked to support before money arrived, just in case.

 

[Clearsky Network]

250k transaction is not a big amount. As long as the EMI is well aware of your volumes and gets supporting documents for the transactions there should be no issues

 

[boomy]

Source of Funds and documents like Invoices and real business partners let you without troubles make such transactions with most EMI's.

 

[Clank]

Currenxie works great, you can message support beforehand and get the transaction pre-approved by compliance. This way you won’t face any issues.

 

[Clank]

Lol, I would be surprised any bank or EMI in Hong Kong is going to bat an eye.

I once transferred 400K EUR and they didnt even ask me anything.
We are talking really about another planet. Nothing to do with those kakadoodie banks in Europe

Same experience with Singapore banks. No questions asked, even if I didn’t use my account for over a year and later transferred a big amount of dividends.