You dont need a bank account to get a local cheque. You can turn fiat into crypto and let specific companies hand out a cheque directly to the developers if buying property. There is fees of maybe 1% but the whole procedure is less time consuming and best of all decentralized.
That's right! However, due to the 1-2% additional fees, and the often unregulated nature of these services, some buyers prefer to open a bank account first.
Thanks for the information, Lucas , may I ask if I'm a self employed and getting money, but not regularly, Can I pay myself a salary from another bank account and apply it for travelling visas?
Can a non-resident open a savings account with a local bank on the basis they’ll transfer AED 2 million to buy investment bonds or sukuk so that they can get a golden visa as a deposit investor? It would avoid the hassles of being a real estate investor and earn interest.
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You comments are very profissional.👏
You dont need a bank account to get a local cheque. You can turn fiat into crypto and let specific companies hand out a cheque directly to the developers if buying property. There is fees of maybe 1% but the whole procedure is less time consuming and best of all decentralized.
That's right! However, due to the 1-2% additional fees, and the often unregulated nature of these services, some buyers prefer to open a bank account first.
If you open a savings account as a non-resident, can it be used to pay for real estate such as sending a SWIFT/wire transfer to the escrow account?
Very good, thank you
Thanks for the information, Lucas , may I ask if I'm a self employed and getting money, but not regularly, Can I pay myself a salary from another bank account and apply it for travelling visas?
Can a non-resident open a savings account with a local bank on the basis they’ll transfer AED 2 million to buy investment bonds or sukuk so that they can get a golden visa as a deposit investor? It would avoid the hassles of being a real estate investor and earn interest.