Banking & Credit Cards in Dubai

Banking & Credit Cards in Dubai - FULL GUIDE

Рет қаралды 9,112

Күн бұрын

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What are the best bank accounts and credit cards in Dubai, are banks safe in Dubai?
In this video, I will give you the most detailed breakdown of banking here in the UAE including which banks I use and why,.
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CHAPTERS:
0:00 Banking in the UAE - how it works
1:30 How to Move to Dubai
6:00 What banks are best in Dubai
7:05 The banks & credit cards I use
12:30 How to open Dubai bank account in 1 day
Tags: dubai banking, moving to Dubai, dubai life, dubai cost of living, how to move to dubai, moving to uae, uae visa, uae residency, dubai visa, bubai company formation, how to start a company in dubai, is dubai expensive, why i moved to dubai

Пікірлер: 51

@tuomaskiv Күн бұрын

🇦🇪 Want to get set up in Dubai? Book a Free Consultation - www.genzoneconsulting.com/meetings/schedule-session/tk

@lukas7164 2 ай бұрын

Man you are the G.O.A.T. for sharing all of this information with us! Thank you

@SantandoMartinez 2 ай бұрын

Great video. Can you please make a video in which platforms you use to invest in index funds and stocks in the UAE?

@jamesjimenez6287 2 ай бұрын

soooo good, best tips

@samcortes9 2 ай бұрын

Good video really helpful

@viajeronomadatv 2 ай бұрын

Very useful video!! Do you use only a WIO bank accout for your company, or do you use other Bank as well? Thank you

@Saaumm 2 ай бұрын

what is a require document to open account in emirates bank, I will really appreciate your respond.

@ElJosman Ай бұрын

Gracias amigo ❤

@ahmadi3718 Ай бұрын

Which one is best kripto friendly

@im.m 2 ай бұрын

ive been looking for info like this - CC in the uae, points etc

@SiliciumCorp 2 ай бұрын

Would you mind take a shot at a video about Index funds please ?

@ramzzz2814 Ай бұрын

SiB cashback card offers 10% for online and digital transactions. MAX cashback is AED 300 a month

@moarzt 2 ай бұрын

dude if someone pauses and zooms in the right way they may see your emirates card number, see if you can blur it

@nonameanon9368 Ай бұрын

3 Questions 1) Does Dubai go by sharia law when it comes to bank accounts? 2) if Dubai doesn't have the deposit insurance what it the "official term" the govt uses to not let a bank go insolvent? 3) Do banks in UAE pay interest?

@antoniodellemonache9008 2 ай бұрын

1st like 😆

@clemlowes9417 2 ай бұрын

How was your experience during the flooding in Dubai? We were lucky enough to just miss it as we headed back home from our visit in late March.

@tuomaskiv 2 ай бұрын

I just missed it too, I left for travels in Asia just before it

@Rowafaedits194 2 ай бұрын

CAN i EDIT your KZfaq videos?

@alirezamoharrami9526 Ай бұрын

great

@ms-hi7cp 2 ай бұрын

Do you need an emirates ID to open a business account? (Given that you first open your business and only after you can sponsor yourself for residency)

@tuomaskiv 2 ай бұрын

I believe you needed it but I could be wrong. Business can be open without having a busines bank account yet

@ms-hi7cp 2 ай бұрын

@@tuomaskiv Last question, promise. Does your activity still apply as a qualifying income under the new tax law? mof.gov.ae/wp-content/uploads/2023/06/Ministerial-Decision-No.-139-of-2023-Regarding-Qualifying-Activities-and-Excluded-Activities.pdf

@moarzt 2 ай бұрын

Can you make a video on how to invest in index funds or things like that from Dubai?

@tuomaskiv 2 ай бұрын

Most people open a Interactive brokers account

@im.m 2 ай бұрын

@@tuomaskiv what does that mean? an account within the bank they are with?

@kingkohli4952 22 сағат бұрын

Ibkr(interactive brokers) is a brokerage (online app to trade stocks) it's available in 34 countries@@im.m

@richardb2004 2 ай бұрын

The banks in the uk don’t guarantee, it’s a protection up to £85k

@Coachiskandarzai 28 күн бұрын

If you can only choose 1 credit card. Which one will you choose?

@tuomaskiv 28 күн бұрын

Emirates NBD Skywards Infinite

@PrinceMC23 2 ай бұрын

How do credit scores work

@tuomaskiv 2 ай бұрын

They don’t have a standardised credit score system, loans are given based on bank statements etc

@moarzt 2 ай бұрын

Thanks for the video, I'm a Dubai local but I never thought about banks and just opened an account in the same bank as my parents (they actually opened it for me when I was a kid).. I will be looking at what suits me best now (Emirates one seems awesome since I like travel)

@tuomaskiv 2 ай бұрын

Glad it was helpful!

@OlympicAirwaysAirlines 2 ай бұрын

audio is fucked

@mexicounexplained 2 ай бұрын

You're too young to remember "Too Big to Fail."

@arnoldvosloo220 2 ай бұрын

What did he say which indicates that to you?

@mexicounexplained 2 ай бұрын

@@arnoldvosloo220 Well, for one, he was only 9 or 10 years old when all the banks in the US should have gone under but were bailed out by the government. He is making it seem like the banks in the UAE are "safer" than the US, but the US government has shown that it will bail out the banks if they make massive mistakes. Hence the phrase, "too big to fail." I was 40 years old and lived through it, not in elementary school. I remember it well while it was unfolding. I also have an MBA and have owned my own business for longer than Tuomas has been alive, so I know a thing or two about banking and finance.

@arnoldvosloo220 2 ай бұрын

@@mexicounexplained He pointed out the smaller banks that have struggled recently in the US and said the reserve ratios for the US overall are a bit lower than UAE banks. He didn't say big banks in the US are going bust anytime soon. Not sure what point you're trying to make here with your life story. Plus why do you keep commenting on his age?

@mexicounexplained 2 ай бұрын

@@arnoldvosloo220 You're not understanding what I'm saying.

@mexicounexplained 2 ай бұрын

@@arnoldvosloo220 It makes no sense for me to clarify further.

@cluxter-org 2 ай бұрын

Good video, thanks. No words about American Express? What do you think of it? I've heard several people around me saying that it is a must when you live there and travel often.

@tuomaskiv 2 ай бұрын

As far as I know Amex here is okay but not as good as elsewhere, also many places don’t accept it AFAIK

@cgroyg 2 ай бұрын

Not the best card here, most places dont accept it

@cluxter-org 2 ай бұрын

@@cgroyg Good to know, thank you very much.