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Old 20th Nov 2012, 15:18
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Bus429

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Join Date: Nov 1998
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Business banking in the UAE - slightly OT

We've set up a Sharjah SAIF FZC running an aviation consultancy which is almost identical to our UK business. Frustratingly, we have been unable to trade through the local business because setting up a bank account is fraught with half-truths and some downright lies (on the part of the banks, not us). RAK Bank and Emirate NBD are as much use as chocolate tea pots. We're currently going through the hoops with Barclays but not too optimistic.
Another problem is setting up Public Liability and Indemnity insurance. For the UK business, no probs; here, hassle. Any leads in that regard appreciated.
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