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Setup with EU based bank for UAE Company

gentlemen

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gentlemenNew memberAuthor
Joined
Jan 2024
Messages
48

#1

I have quite recently open up a new company in Dubai, and got all the papers and finally got my bank as well (Wio Business bank). I've received UAE, EUR and USD account.

I have clients in Europe and UK primary, which will pay me by invoice. But some of the clients are complaining about issues to pay to a UAE based bank from their EU-based bank.
How do you manage this in the best possible way, and to get the lowest possible fee.

I've think about this options:
1. Open up a Paypal account, where I'll sending the invoices to the clients, get paid, and withdraw it to my UAE bank.
2. Open up a Stripe account (to also be able to easily charge customers with card payment as well), but the issue is here the fee's.
3. Try to find a NEO-bank or regular bank that can offer me IBAN to an EUR-account in Europe, which accepts UAE Companies, and then withdraw it to my UAE bank.

I also wanna thank you all guys for providing so useful and good information and help to all the members here, amazing!

Thanks in advance!

// G.M

SolsOffshoreCorpTalk moderator
Joined
May 2019
Messages
6,542

#2

Try BVNK, Transfermate, XE.com, OFX, VertoFX, and similar services. They give you a SEPA/EUR IBAN that your European clients can pay into and then you can move the funds to UAE.

gentlemenNew memberAuthor
Joined
Jan 2024
Messages
48

#3

Sols said:

Try BVNK, Transfermate, XE.com, OFX, VertoFX, and similar services. They give you a SEPA/EUR IBAN that your European clients can pay into and then you can move the funds to UAE.

Thank you! I will check them out and get back with the result, if someone else also looking for the same thing in the future.

BeyondBordersNew Member
Joined
Sep 2023
Messages
74

#4

Finductive might accomodate you too

gentlemenNew memberAuthor
Joined
Jan 2024
Messages
48

#5

BeyondBorders said:

Finductive might accomodate you too

Thank you very much! I've applied for an account there now, and will see how it goes. And Malta is not seen as a "high risk" country in Europe?

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