JOHNNY DOETHE LIFE WHISPERER

UAE Business Account Needed!

Selord

replies
10
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328
SelordNew memberAuthor
Joined
Sep 2020
Messages
6

#1

Hi,

Mashreq Bank Just suddenly closed my business account in UAE and I have not yet received any explanation.

This account was running smoothly since September 2020.

I have an online business selling online courses.

I Use UAE based payment Gateway.

My trading license is from Fujairah Free Zone.

I need to open a new business account in UAE ASAP.

I am currently thinking of opening business bank accounts with ENBD, FAB or ADCB. Which one is the best ?

What Electronic Money Institutions (EMI) is best in for UAE online businesses.

Any ideas any thoughts are highly appreciated.

Thanks

JohnnyDoeSchrödinger‘s guy
Joined
Jan 2020
Messages
10,049

#2

Try ADIB.
If you are interested, I have a RAK company for sale at $1k, with an active ADIB a account.

SelordNew memberAuthor
Joined
Sep 2020
Messages
6

#3

JohnnyDoe said:

Try ADIB.
If you are interested, I have a RAK company for sale at $1k, with an active ADIB a account.

How to get in touch with you?

JohnnyDoeSchrödinger‘s guy
Joined
Jan 2020
Messages
10,049

#4

Selord said:

How to get in touch with you?

PM me. There is also a thread about the RAK company for sale. It will be closed in May if nobody wants it.

CaptKQuiet Authority
Joined
May 2020
Messages
2,127

#5

Selord said:

Hi,

Mashreq Bank Just suddenly closed my business account in UAE and I have not yet received any explanation.

This account was running smoothly since September 2020.

I have an online business selling online courses.

I Use UAE based payment Gateway.

My trading license is from Fujairah Free Zone.

I need to open a new business account in UAE ASAP.

I am currently thinking of opening business bank accounts with ENBD, FAB or ADCB. Which one is the best ?

What Electronic Money Institutions (EMI) is best in for UAE online businesses.

Any ideas any thoughts are highly appreciated.

Thanks

Any of those are good, just print off all your bank statements and take them and ask if they can help.

SelordNew memberAuthor
Joined
Sep 2020
Messages
6

#6

CaptK said:

Any of those are good, just print off all your bank statements and take them and ask if they can help.

In which way these are good?

We make 6 digits AED monthly. Everything is legit, selling online courses.

Used local payment Gateway for all my online sales then payout to my mashreq business account for the last 11 months.

CaptKQuiet Authority
Joined
May 2020
Messages
2,127

#7

Selord said:

In which way these are good?

We make 6 digits AED monthly. Everything is legit, selling online courses.

Used local payment Gateway for all my online sales then payout to my mashreq business account for the last 11 months.

Since you have proof of transactions then just take it to them and apply.

FredQuiet Authority
Joined
Sep 2019
Messages
2,159

#8

None of the above mentioned onboards a Fujairah FZE in 2022 especially without substance.

If you show the Mashreq Statements they will already smell that Mashreq closed your account and ask about it.

Mashreq has a far more risk appetite then ENBD, ADCB or FAB.

FAB and ADCB are completely out of play due to Fujarirah and ENBD wants to see a big deposit no matter what.

You can look at bottom of the barrel banks like Ajman Bank.

SelordNew memberAuthor
Joined
Sep 2020
Messages
6

#9

Fred said:

None of the above mentioned onboards a Fujairah FZE in 2022 especially without substance.

If you show the Mashreq Statements they will already smell that Mashreq closed your account and ask about it.

Mashreq has a far more risk appetite then ENBD, ADCB or FAB.

FAB and ADCB are completely out of play due to Fujarirah and ENBD wants to see a big deposit no matter what.

You can look at bottom of the barrel banks like Ajman Bank.

Fred, I sent you message via Telegram. But you didn't reply .

JohnnyDoe said:

PM me. There is also a thread about the RAK company for sale. It will be closed in May if nobody wants it.

How to PM you ?

JohnnyDoeSchrödinger‘s guy
Joined
Jan 2020
Messages
10,049

#10

Selord said:

Fred, I sent you message via Telegram. But you didn't reply .

How to PM you ?

you should find an option somewhere if you click on my profile

blizzFake user - Alias of JohnLocke
Joined
Mar 2017
Messages
881

#11

put the mouse courser over the profile, wait until the window pops up with "Start Conversation" ;)

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