Dubai Banking: Don't Make These Mistakes with Dubai Banks

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 YouTube 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.

[AlexS_]

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.

[elsbells]

Great topic, very useful, according what I understand you help due or assistant(s), to get to their process?

[BarbaraPearson]

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.

[kbs]

Be very very careful. You are not allowed to say anything against government or banks etc in Dubai.

[kimtreasa]

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

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[Chrise]

Good experience with ADCB and Emirates NDB here. Both issued cards and chequebooks fast.

[Carmel-tw]

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.

[WiseWealthy]

London Banking system is the best opened a bank account in an hour!! While Dubai banks it took me 5. Days

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Please make a video about corporate brokerage accounts, to buy stocks etc.

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