+971 4 4542366 +971 554413566

Flyingcolour logo Flyingcolour logo2

  • Home
  • UAE Company Setup ›

    Business Setup Overview

    • Business Setup Overview of UAE
    • Educate yourself about Jurisdictions in UAE

    Mainland Business Setup

    • UAE Mainland Overview
    • Mainland Professional Company
    • Mainland Limited Liability Company
    • Mainland Industrial Company
    • Mainland Branch/ Representative for Foreign Company
    • Mainland GCC Owned Company

    UAE Mainland

    • Dubai Mainland
      Dubai Mainland Business Setup Overview Business Setup Al Barsha & Tcom Business Setup Al Quoz & DIP Business Setup Al Qusais Business Setup Bur Dubai Business Setup Business Bay Dubai Business Setup Deira Dubai
      Business Setup Downtown Dubai Business Setup Dubai Marina & JBR Business Setup Dubai Media City Business Setup International City Business Setup New Dubai Business Setup Sheikh Zayed Road Business Setup Jumeirah Beach Road & Al Wasal Road
    • Abu Dhabi Mainland
    • Ajman Mainland
    • Sharjah Mainland

    UAE Freezone

    • Freezone Business Setup Overview
    • Dubai Freezone
    • Abu Dhabi Freezone
    • Ajman Freezone
    • Sharjah Freezone
    • Ras al Khaimah Freezone
    • Umm al Quwain Freezone
    • Fujairah Freezone

    UAE Offshore

    • Offshore Business Setup Overview
    • Dubai Offshore
    • Ajman Offshore
    • RAK ICC Offshore
  • Taxation ›

    Taxation

    Expert taxation and financial management solutions

    VAT Services

    Business Accounting Services

    Financial Forecast & Projection

    Book-keeping Services

    Accounts Payable

    CFO Services

    Inventory Verification Service

    Tax Residency Certificate in UAE

    Payroll Management

    Month End Financial

  • PRO Services ›

    PRO Services

    Professional support for all your business needs

    PRO Business Services Overview

    PRO Services

    MEA & MOFA Attestation

    Golden Visa

    Property Visa

    DUBAI Customs Registration

    Assistance in Bank Account Opening in UAE

  • DIFC Formation ›

    DIFC Formation

    Pioneering Excellence in Financial Foundations.

    Overview

    DIFC Foundation

    DIFC Prescribed Company

    DIFC Innovation Hub

    DFSA Regulated Entities

  • Blogs ›
    • Categories
    • Industries

    About Business

    Building & Engineering

    Educational Activities

    Financial Activities

    Gas & Energy

    Heavy Industries

    Light Industry

    Medical

    Nutrition & Food

    Personal Household

    Print & Media

    Real Estate

    Sports

    Activity Group: Transport

    Various Activities

    Business Setup

    Company Formation

    Dubai Business Laws

    Entertainment & Related

    Freezone Company Formation

    Offshore Formation

    Research Article

    UAE Business News

    Accounting & Bookkeeping

    Business Setup Dubai

    Cloth Pressing Business

    Construction

    Crypto Business

    Decoration Design Business

    Dry Cleaning Business

    Education

    Energy and Mining

    IT

    Financial Services

    Fintech

    Healthcare

    Healthcare Industry

    Hotel and Hospitality

    Home Based Business

    Manufacturing

    Media and Entertainment

    Online Business

    Real Estates

    Restaurant and Cafe

    Shipping

    Telecommunication

    Trading

    Transport

    Travel and Tourism

    Utilities

    Yoga Centre

  • Contact
Calculate Your Business Setup Cost in UAE

International Payments Guide for Small Organisations

  • Home
  • Blog
  • International Payments Guide for Small Organisations
  • Mon 23 Dec 2013 | By : Flyingcolour
blog-post-image

The world of business has become extremely competitive and with the globalization, trading activities have crossed the borders, which naturally bring the process of international payments. These days even the smaller organisations look for opportunities in the new and emerging markets, which involve paying or receiving of international money. Being a smaller enterprise, a lot of factors needed to be taken into consideration and cost is definitely a challenge that required to be dealt in a meticulous manner. However, cross border payment is really a challenge from these companies. Hidden fees, complicated process are some of the difficulties that the smaller companies often had to face.

Usual Practice:

It is a usual practice to make international payment through bank transaction. No doubt, it is safe as well as quick and one can be assured that the end party would receive the money on time. But then, you cannot overlook the operational costs, which are high enough; added to that are the existing exchange rates, processing fees and other untold charges. All these make international payment a real painful job. Hence, it is essential to find a foreign exchange provider who can help your business to grow and make the transaction of international currencies smooth.

Options:

As already stated, a number of organisations operate currency accounts with UK banks because it is easy from them to transact foreign currency. But for smaller organisations, cost becomes a factor. There are FOREX service providers that offer a service known as currency account transfer. This helps in transferring money from one country to another by avoiding high exchange rate costs. You can have a control over the currency costs which are associated with transfers between currency accounts, if the processing was done through bank. Hence, the fluctuation in the exchange will not be affecting the business transactions of the small companies, which otherwise could be harmful for their growth.

Check Points: Here are some of the points that small companies should check while managing their international payments.
  • You should be aware about the current exchange rate and cross check with the one that your provider is offering in return for sending or receiving the international transfer.
  • Even if the service providers say that they do not charge anything for the transfer, watch out the exchange rate they offer. You can get a clear idea about the charges they opt for the transfer.
  • It is also necessary for you to know the local currency rates as well as regulations because it affects the cost of the product or service.
  • Make your payment plan prompt because the market may change. Moreover, you need to be assured whether the fund you will be transferring is secured. So, pick a trusted and licensed provider to get the best rate.

The profit margin should not be compromised at any point of time, which may not always be a factor for the large companies. Small companies have to be very scrupulous about international payments and incorporate the right process that can help them in foreign currency exchange.

Leave a reply

  • flyingcolourbs
  • 3000+ Real Customer Reviews on Google.

  • Click here to Read.

Recent Posts

How to Start a Gardening Business in UAE
Wed 16 Jul 2025
How to Open a Flyer Printing Business in UAE
Mon 14 Jul 2025

Contact Us

Our Success

Our Success lies in honestly and integrity which are used as motivational factors to inspire us to arrive at success as well as prosperity for the company plus our customers.

18,000

+

Global Clients

20

+

Years of Experience

175

+

Team of Professional

High Tech


Real Time Support

Ready to take it a step further?

You can schedule a free call with our expert consultants

Do you have questions or want more information ?

Phone : +971 4 4542366

Mobile or Whatsapp : +971 554413566

Email : info@flyingcolour.com

Keep connected

Get updates by subscribe our newsletter

About Us
  • We are a leading consulting firm providing Company formation, Accounting & VAT and immigration services located in Dubai - UAE ...Read more
  • flyingcolourbs
  • 3000+ Real Customer Reviews on Google.
  • Click here to Read.
Popular Services
  • Jebel Ali Offshore Company Setup
  • Business Setup in Dubai Free zones
  • Limited Liability Company
  • Professional Company Setup
  • Bank Account Opening in Dubai
  • Offshore Company Formation
  • Dubai Mainland Company Setup
  • Trade License
  • Miscellaneous
  • Flyingcolour® Careers
Quick Links
  • Mainland Company Formation
  • Free Zone Company Formation
  • Offshore Company Formation
  • VAT Registration & Return Filing
  • Economic Activity Guide for UAE
  • VAT Consultancy Services
  • Customer Grievance Policy
  • Terms and Conditions
  • Privacy Policy
Contact
  • Head Office:
  • Office No.2608,2609 & 2610
  • Concord Tower Opposite Palm Jumeirah Dubai Media City,
  • Dubai. UAE.
  • DIFC Office:
  • Unit GV-00-04-03-BC-44, Level 3,
  • Gate Village Building 04, PO Box 84059,
  • Dubai. UAE.
  • payment

©2004 - 2025 Flyingcolour® . All rights reserved