https://gfmag.com/award/award-winners/worlds-safest-banks-2023-global-100/
Is there an internal list of OffshoreCorpTalk's Top Safest Banks?
Is there an internal list of OffshoreCorpTalk's Top Safest Banks?
Freezone (IFZA, Dubai) residency renewal
- Thread starter OCT2023
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Depends on how you define safety.
GF Mag focuses a lot on credit rating and financial statements, which are good indicators of the financial well being of a bank. If that's all you factor in when assessing if a bank is safe, GF Mag's ranking is probably pretty solid. But do they account for regulatory risk? Security risk? Currency risk? Product risk? Client risk? Systemic importance of the bank?
Chase Bank and Bank of America is ranked 68th and 69th respectively. If either were to fail, the US government would very likely step in to save it.
Several banks on the GF Mag list are functionally useless as they are development banks or other specialized banks that don't engage in day to day banking. What's the point of their ranking? To show how many banks they found on Wikipedia and dug up the financials of?
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This is the probably the answer to your question.
GF Mag focuses a lot on credit rating and financial statements, which are good indicators of the financial well being of a bank. If that's all you factor in when assessing if a bank is safe, GF Mag's ranking is probably pretty solid. But do they account for regulatory risk? Security risk? Currency risk? Product risk? Client risk? Systemic importance of the bank?
Chase Bank and Bank of America is ranked 68th and 69th respectively. If either were to fail, the US government would very likely step in to save it.
Several banks on the GF Mag list are functionally useless as they are development banks or other specialized banks that don't engage in day to day banking. What's the point of their ranking? To show how many banks they found on Wikipedia and dug up the financials of?
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This is the probably the answer to your question.
I totally agree on this with you.
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The safest bank is btc
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Only 1 bank in UK makes top 100. What a shame for a major global financial center smi(&%
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
After looking at the list, I cannot confirm that. The majority of the top positions are all state owned, many of them not even in the retail business. I am pretty confident that those are all safe.
In cold wallets (Trezor etc)
In random EMIs/banks just for the time needed for making payments or buying crypto.
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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields
Hello all,
If anyone has experience, can you advise about the process for residence permit renewal in Dubai for the FZCO owner and GM? So far I deducted the following.
1. Get medical blood test.
2. Submit application for residency renewal via the Amer center or online.
3. Apply for visa renewal via IFZA online ( 72 or 24 hours for 1500 AED)
4. Wait for the card delivery.
Has anyone been going through this ? Is it a correct process?Any other documents needed? Is it possible to finish it in 5 working days?
Appreciate your help.
If anyone has experience, can you advise about the process for residence permit renewal in Dubai for the FZCO owner and GM? So far I deducted the following.
1. Get medical blood test.
2. Submit application for residency renewal via the Amer center or online.
3. Apply for visa renewal via IFZA online ( 72 or 24 hours for 1500 AED)
4. Wait for the card delivery.
Has anyone been going through this ? Is it a correct process?Any other documents needed? Is it possible to finish it in 5 working days?
Appreciate your help.
Hello everyone,
If anyone needs information about renewing a Dubai residency through the IFZA Freezone Authority (formerly a DLS client), here is the process I followed:
Please note that my objective was to make it fast and don't stay longer than needed.
Set up a mailbox account with mail forwarding.
Scheduled an appointment for the medical blood test. My price was 750 AED, it may be too much but I had my results in 30 minutes.
Arrived in Dubai on Sunday evening.
Completed the medical test at 7:30 am on Monday.
Visited the Amer center, approximately 100 meters from the medical facility, to obtain the Residency ID renewal form. The center opens at 8:00 am, but you can get inside earlier.
Was third in line at Amer; waited around 30 minutes because there was only one staff member on duty in the morning.
Provided my passport, ID, and photograph. Had to supply my mailing address, UAE phone number, and email address via WhatsApp. Fee was around 350 AED.
Received the service confirmation form.
Filled out the IFZA visa renewal form and paid 1750 AED for VIP processing (24-hour turnaround). Normal processing is 72 hours. You must submit the form and payment before 11:00 am. You must have medical test results and ID renewal form confirmation beforehand. IFZA had a specific requirement for scanned documents (maximum 400 kb), so I used an app to compress my images. Aside from this, the process was straightforward. IFZA sends the employemnt contract for signature to both the sponsor (myself) and the employee (also myself). They request several documents (Establishment Card, MOA, license), but if you're renewing, you likely have these already.
Tuesday: Visa issued. At this stage, I could have departed Dubai.
Thursday: Received notification from ICP that my Residency ID card was printed. I left Dubai Thursday morning.
Friday: Checked Zajel courier's website for tracking updates. It was received and is on route.
Saturday (today): Awaiting notification from the mail forwarding service regarding the card delivery.
I can provide you with specific addresses from my experience and IFZA links if you need them. Just let me know in this thread, and hope you can save some money with more optimal trip.
If anyone needs information about renewing a Dubai residency through the IFZA Freezone Authority (formerly a DLS client), here is the process I followed:
Please note that my objective was to make it fast and don't stay longer than needed.
Set up a mailbox account with mail forwarding.
Scheduled an appointment for the medical blood test. My price was 750 AED, it may be too much but I had my results in 30 minutes.
Arrived in Dubai on Sunday evening.
Completed the medical test at 7:30 am on Monday.
Visited the Amer center, approximately 100 meters from the medical facility, to obtain the Residency ID renewal form. The center opens at 8:00 am, but you can get inside earlier.
Was third in line at Amer; waited around 30 minutes because there was only one staff member on duty in the morning.
Provided my passport, ID, and photograph. Had to supply my mailing address, UAE phone number, and email address via WhatsApp. Fee was around 350 AED.
Received the service confirmation form.
Filled out the IFZA visa renewal form and paid 1750 AED for VIP processing (24-hour turnaround). Normal processing is 72 hours. You must submit the form and payment before 11:00 am. You must have medical test results and ID renewal form confirmation beforehand. IFZA had a specific requirement for scanned documents (maximum 400 kb), so I used an app to compress my images. Aside from this, the process was straightforward. IFZA sends the employemnt contract for signature to both the sponsor (myself) and the employee (also myself). They request several documents (Establishment Card, MOA, license), but if you're renewing, you likely have these already.
Tuesday: Visa issued. At this stage, I could have departed Dubai.
Thursday: Received notification from ICP that my Residency ID card was printed. I left Dubai Thursday morning.
Friday: Checked Zajel courier's website for tracking updates. It was received and is on route.
Saturday (today): Awaiting notification from the mail forwarding service regarding the card delivery.
I can provide you with specific addresses from my experience and IFZA links if you need them. Just let me know in this thread, and hope you can save some money with more optimal trip.
which is a good mail delivery service and can you use it for receiving bank cards? I thought some of this stuff requries in-person thumb print?
Nomado said:
I didn't know you needed to redo the medical check for a renewal. So the renewal process seems to be similar to the process of applying for the visa in the first place, isn't it ?
Click to expand...
It is simpler, just blood test. No fluorography performed.
I didn't know you needed to redo the medical check for a renewal. So the renewal process seems to be similar to the process of applying for the visa in the first place, isn't it ?
Click to expand...
It is simpler, just blood test. No fluorography performed.
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