UAE Banking and Residency Solutions

UAE Banking and Other Solutions for the Global Geopolitical and Financial Crisis

Introduction – What is This About?

his is a short but critically important note with some ideas for using the UAE relating to the planning of your future international cross border funds flows and banking transactions in order to ensure your companies and yourself personally are operating smoothly and without problems or complications, in the midst of the present geopolitical and financial crisis, while legally making sure that future capital controls, exchange controls and other such complications have a minimum impact. Already thousands have utilized the UAE this year for this purpose and that, as we all know, is no secret.

On top of that we talk about acquiring a Residence Visa for you and your family in the UAE as a ‘plan B’ tool, in case you need it in these difficult times.

I note here that it is no coincidence that, in the space of just a few short months in 2022, 4,500 multi-millionaires mainly from the EU, India, Russia and Ukraine have moved to the UAE permanently to set up home to shelter from the turbulence of the current geopolitical and financial crisis.

What are the Objectives Here?

One wants to legally set up bank accounts abroad, away from one’s country or region (no issues as these are legally set up purely to facilitate the flow of funds and movement in future eventualities in general and not to avoid any current law or regulations) as soon as possible before the situation escalates further in a well-established NEUTRAL (and one that will most probably remain neutral) country with a developed economy and infrastructure, a strong banking system and a reputation as a top international financial and business hub……and preferably one within a short flight from your home.

I think we would all agree that the UAE is one of the very few traditionally neutral (to both sides) countries, accessible by relatively short flights from Europe and other regions as it has excellent relations and cooperation with both the west and the east equally and being a major oil exporting country makes its continued neutrality more secure. It is also a top international financial center with a solid banking system and a well-established economy and prospects.

The UAE is and has traditionally been a neutral and friendly country to both the East and the West.

To aid the West in its energy woes, the UAE has recently signed agreements with both France and Germany for the provision of natural gas and crude oil and appears on no black lists. At the same time the UAE remains a partner of Russia in the OPEC+ and has remained also a traditionally friendly country to Russia and as such abstained from the UN resolutions against Russia and has imposed no sanctions on Russia. Russia has the UAE in its list of “friendly countries’ so suffers no “countersanctions”.

Conclusion

Thus, the importance of opening secondary bank accounts for yourself and any of your EU or European companies (including your Cyprus and Malta companies) or for that matter, companies registered anywhere. Should there be disruptions in your region, these bank accounts will legally facilitate your transactions and make life easier.

Perhaps also a client would like to get permanent residence for him and his family via a Residence Visa in another country. This is quite easy in the UAE, by being a shareholder of a UAE Free Zone company. Setting up such a company in the UAE ensures you get a 3-year renewable Residence Visa, for you and your family.

This can be utilized right away and can help as you have a developed country welcoming you to reside in at any point, with a bank account ready, if the need arises.

How Can Our UAE Office Help You?

We can help you by:

• Opening personal bank accounts via introductions and liaison with reputable and well-established international banks in the UAE, for current accounts and private banking or wealth management;
• Opening (for your UAE company or your company registered anywhere outside the UAE) corporate bank accounts via introductions and liaison with reputable and well-established international banks in the UAE, for current accounts and private banking or wealth management;
• Arranging for UAE Residence Visas and setting up companies in the UAE supported fully by our comprehensive service lines (including PRO services, corporate services, economic / business substance services, tax & VAT services, real estate services, bookkeeping and accounting services (including full IFRS financial statements preparation and statutory audit arrangements);
• Consulting and advice relating to all matters pertaining to any form of investment in the UAE;