Q: Hello, I have a question related to business. I have set up a business in the UAE (Flexi desk in Free Zone). The business activity is E-Commerce. I have registered the business and obtained a UAE Investor Visa, but when it came to opening a bank account, I faced a lot of difficulties. While I was waiting for the opening of a bank account (which took me 4 months and the banker has failed to open a bank account), I have opened a merchant account with Telr. I started accepting payments online from my customers and right now there's money in the merchant account which can be withdrawn to a UAE business bank account (as I have mentioned earlier, I don't have a UAE business bank account). So I have contacted them and asked if they can transfer the money to my personal bank account which is outside the UAE (US bank account or my Russian bank account). They have stated that they can't settle funds to the bank account outside the UAE due to UAE CB rules. Can you suggest me please what I can do in this situation?

Q: Hello, I'm a resident in the UAE and sometimes I perform consulting services for companies abroad. Do I need to sign a contract between myself as an individual and the foreign company to get money for services to my personal bank account in the UAE? A company has already paid me for services. What documents do I need for the UAE bank?

Q: Hello I wanted to ask if my family will send me money from Germany to the UAE, and the amount is 120,000$, what are the procedures? Can I receive them? And when can I withdraw them?

Due to the large number of individual and commercial banking transactions and transfers they carry out from one country to another or within the same country, we present here a quick glance at the importance of bank account numbers and not the names of beneficiaries when making bank transfers in accordance with the law and Central Bank regulations.

The law defines the crimes related to money laundering, commitments and the jurisdictions of the governmental authorities, and the sanctions against perpetrators of money laundering.