Dubai Banking: Don't Make These Mistakes with Dubai Banks
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- เผยแพร่เมื่อ 10 ก.พ. 2025
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If you're new to my channel, my name is Rafael Cintron. I’m the founder of Wealthy Expat, a company focused on helping high-net-worth individuals obtain second citizenship and move abroad. Our services focus on guiding clients through the process of obtaining second residencies, citizenships, and creating tax-efficient structures, particularly in low-tax environments like Dubai.
Here’s a bit about my journey:
I’ve traveled to over 80 countries and obtained multiple new citizenships along the way.
In my early career, I realized the constraints of traditional tax systems, which led me to explore legal strategies to minimize tax obligations.
Wealthy Expat has helped over 500 clients navigate international residencies, foreign company setups, and asset protection strategies.
Our team offers top-tier services, handling everything from setting up offshore bank accounts to getting second citizenship by investment to securing Dubai residency and more.
My TH-cam channel was started to share my experiences and insights with others who seek freedom and financial security outside of traditional systems.
Today, Wealthy Expat continues to grow, with a focus on empowering clients to protect and optimize their wealth in a world where freedom is increasingly restricted.
Let’s create your path to freedom.
DISCLAIMER: This video is not tax and/or financial and/or investment advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.
Good experience with ADCB and Emirates NDB here. Both issued cards and chequebooks fast.
Great topic, very useful, according what I understand you help due or assistant(s), to get to their process?
Both me and my assistants help
So true, WIO is the best. Overall, the UAE banking system feels like a nightmare from the past, with long delays in opening accounts and further delays in receiving money from abroad (non-crypto related). Their AML departments put you under review for the slightest reasons, as they seem to fear everything. The UAE government must make their banking system more user- and business-friendly; otherwise, they may soon witness another outflow of businesses and individuals from certain industries.
Definitely. The digital friendly banks like WIO and Bancoli are by far better than the traditional ones.
Managing Money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains.
ADCB is good. I never had an issue during my six years in the UAE. As a non-resident you can open a savings account in person.
It's good that Dubai banks are cautious about the processing of documents of applicants who raise concerns, and scrutinize these applications and anything regarding crypto currency. It shows how vigilant and ethical the banks of Dubai are and would make me personally feel safe banking with such great establishments. Perhaps they can update their systems to be more faster, those banks who have outdated application processes. But other than that, it's sounds like the safest and best banks to bank with.
I’m doubling down on Grinchzmass-this is going straight to the moon.
You are right. ENBD is the best in terms of Quality of services as well as technological advancement.
AWS32K and ETH together? Bro, this combo feels unstoppable. 15x is just the start 🚀
Meme coin lovers, this is your holiday gem-Grinchzmass is pure gold.
Hola, yo tengo el FAB y es muy bueno por ahora, lo abri hace 1 mes a la semana de llegar a dubai.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
``Monica Lisa Payne is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
hername is Monica Lisa Payne, cant divulge much. Most likely, the internet should have her basic info, you can research if you like
Loving the picks! AWS32K, DOGE, and AVAX look so promising. Might double my funds in these next week.
Wio doesn't offer several trade services such as Letter of Credit etc.
Grinchzmass set for 100x gains with upcoming holidays pump!
Be very very careful. You are not allowed to say anything against government or banks etc in Dubai.
sounds like canada
Dubai is known for major legal money laundering
Against the state I understand but against banks? Why?
Here people are bots and no one is allowed to wake them up!
Scary little tactics 👎
AWS32K and SOL are my new faves! Already made $30k, and I’m all in for the long run 🔥
Mine took less then a day, no issues 😊
ENBD allows Pakistani Residents, non UAE EID holders to open a Non UAE Resident Account with minimum 10k to 15k AED balance.
Ruya Islamic Bank Business and Mbank Business are also decent options.
Can a non resident from Pakistan open an account on tourist visa or is any sort of Business Visa us a must?
@@hpspectre5184With ENBD, it was possible to open a non resident account on a tourist visa. Branch vist is a must.
I have a UAE company but I'm not a UAE resident and opened by Bancoli accounts no problem.
I don't think 50,000 is the minimum for a personal account is true. Most banks only require you to maintain a 5,000 AED balance each month. But Wio is really great. I have my corporate account in Wio and personal accounts in a couple of other banks. Both of them only need 5k monthly balance maintaining. But Mashreq Neo doesn't even have that 5k requirement. I think it's more like 3k
Wio is the best for new people
Which credit card do you recommend in the UAE ?
London Banking system is the best opened a bank account in an hour!! While Dubai banks it took me 5. Days
Not really it took me over a month to open a bank in Uk
My Bancoli GBP account for my UAE company took 3 days.
My uk account took 5 minutes to open!
Great video! Thank you Raphael!
ENBD is the worst bank I ever had to deal with. Absolutely incapable and unprofessional. Nightmare. I've been in Dubai for 8 years. I will go back, but ENBD is the last option of all last options.
So which is best bank according to u?
Agreed. I switched from ENBD to Bancoli and haven't looked back.
Not my experience at all. Been with them for 15 years+ and never any issues.
Can you operate with Wio only or something like that?
Holding AWS32K and SHIB tight, we def gonna hit that 15x soon. FOMO is real!
Grinchzmass is the hottest token this December.
ADCB works fine for me.
Great video.
Can you cash out your Nasdaq stock earnings to UAE just like crypto? Will it still be frozen?
Easy to open HSBC, just get your Virtual address.
HSBC sucks. Sorry to say. Started out with them then switched over to Emirates NBD.
Very informative
How to contact you for your services?
🎉experienced Emirates NBD is 1000 times better than hsbc or citi,
Totally agree
Does WIO allow crypto payments?
Please make a video about corporate brokerage accounts, to buy stocks etc.
Grinchzmass is a holiday vibe and a 100x dream-get in early!
❤❤
Do a video on best crypto cards
Grinchzmass has more buzz than Rizmas ever did-this one’s a sleeper rocket.
Great video! Profited 30%! AWS32K and ADA look solid. SOL also tempting. Should I stick or diversify?
10% profits already thanks to your call. Thinking about AWS32K, MATIC, and ETH. Should I go deeper?
Please tell more about XAPO
If you send you millions from Binance or any crypto on/off ramp. Do they ask you to justify the trades and show them break down of your trades ?
Appreciate the vid! Profited 10% last week. AWS32K, DOGE, and SOL are on my radar now. What do you think?
The hype for Grinchzmass is UNREAL, the next unstoppable pepe meme.
Thanks, any experience with HSBC?
It's good, didn't have any issues so far
I am not a fan. Was with them for a while in the very beginning, then switched over to Emirates NBD.
Are you selling your services....or promoting WIO....cause real banks, as u mention, are quite efficient and things are done without any glitches unlike what ucr mentioning.
You said AWS32K will 100x in your last vid. Can you share more details? Everyone needs to know!
If you’re holding AWS32K and ADA, don’t sell. Moon vibes incoming big time! 🔥
how do you transfer money from US to DUbai?
SOL and AWS32K made me $30k! Following your calls was the best move I made this year 🔥
How about Citibank in Dubai?
what if you have issues at WIO bank, of internet blackout, you even get no money out, ofc you must think ahaed of such worst scenarios......but......
I'm new to investing, and l've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
As a beginner, it's essential for you to have a pro or a very good trader to keep you accountable.
If you can, then get a professional to trade for you I think that way your assets are more secure. Someone like expert Patricia Adler
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
This is correct, patricia strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
I've seen this name before and l'm now interested. Could you let me know how I can reach her?
I wonder what Raphael thinks about Kuwait banking
NBK is advanced in Digital Banking.
what about hawala , does it get flagged
Is there a way to add cash on WIO
you can do that online and in real time easily. I bank with them.
AWS32K and SHIB about to dominate headlines. Everyone will FOMO once they see what’s coming!
Binance rumors are making Grinchzmass the talk of the crypto world.
" i don't need any more lawsuit in my life " lmao.. those who got what he refer to...
Wio and liv both are good
I read elswhere that for buying 70k AED listed shares in the UAE I can get Investor Visa, is it true ? It is same Investor Visa like buying property for 750k AED. Is this true ?
It can't be true. It seems very low.
@@imonyahoo87 I read for Investor VISA in Dubai I can buy UAE listed shares from an exchange stock company in UAE worth 75k AED, is that correct ?
Because I do not need my own company as I am only a private trader trading for my own.
what would be an okay amount to deposit into an account from crypto before they start asking questions? 5k, 10k, 20k ?
Probably 15kish
What if Bank in Dubai goes bankrupt?
Than it’s sorry Habibi sorry Habibi Yallah.😂
Mahtex Great question!!! I get a lot of gobbledygook when asking about deposit insurance in UAE .....
Lol. Yeah deposit insurance is not as good as in the US. On my Bancoli Vault account I have a 125M USD protection. Insane!
BANKS IN THE UAE SO PRIMITIVE. DON'T DO IT!
💯 agreed
WIO is the best. NBD is the worse!
Agreed!
@dehogynemlesznyugdij7901 köszönöm
This dude is promoting something that isnt even i a bank. I am confused.
really Wio? Go check how many accounts were shut down for no reason in the last year.
😮What??!!?
You have a source for this?
For what reason
Rizmas is out, Grinchzmass is in. Time to secure the real 100x gem.
So basically UAE is a pain in the ass.
💯
😂😂😂 we have 50 like 50 five star reviews we purchased
Jealousy doesn't look good on u
DubAY DubAY
Rubbish! Banking is as easy as changing pants.
You fall over each time your put them on?
What a surprise. Free Israel and stuff Palestine!!
Binance rumors are heating up around Grinchzmass-could be the next big listing.
The Grinch is winning, and so is Grinchzmass-secure your spot today.
Grinchzmass is set to take the holiday meme crown. Don’t miss out!
Grinchzmass is going higher than pnut and rizmas.
As a crypto enthusiast, Adaxum´s concept really resonates with me. Investing in the presale for sure!
Influencers are hyping Grinchzmass like crazy, the hype on X is unreal.
Don’t sleep on Grinchzmass, it’s about to take off.
Grinchzmass - early alpha, huge whales, SUPER EARLY.
The Grinch is stealing Christmas and the crypto market-grab your tokens now.
AWS32K and SHIB about to dominate headlines. Everyone will FOMO once they see what’s coming!