Bank Account Opening 

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To open a bank account, especially offshore, became in many cases very difficult. Countries require citizenship or permanent resident visas in the country in which clients want to open bank accounts. A second residency is in many cases a solution to follow a proper asset protection strategy. 

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Which Banks are save in uncertain times? 

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Banks in the UAE offer a 100% cash guarantee. Banks in Europe or Amerika insure cash deposits with 100.000 USD/EUR only. Since the Corona Pandemic and a new major crisis worldwide, it is most important to choose the right bank. 

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We assist in opening private and corporate bank accounts in Dubai, Abu Dhabi, Singapore, and Switzerland. Please note, banks require minimum deposits which usually start from 100.000 USD/EUR and more. There are exceptions to corporate bank accounts. Contact us for more information.

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Common Reporting Standards vs. Bank Secrecy ​

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The UAE offers fully functional bank secrecy for citizens and residents. CRS - Common Reporting Standard and FATKA (USA) takes place for non-residents which force banks to report bank account details to your home country's tax authorities. 

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Trustee & and Nominee Bank Account 

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Global Financial Yard offers trustee and nominee bank accounts for non-residents. Circumstances like the coronavirus pandemic restrict traveling and permanent resident applications until further notice. Threats like a potential fall of the European Union, potential hyperinflation, the collapse of the banking system, or upcoming conflicts in western countries create fears in the financial world. 

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We consult you about bank account openings in Dubai, Singapore, and Switzerland. Contact us for further information. 

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