Client story
Client's Story
Where they started
Andrey had capital, but it was not on his personal account; it was held in his company account in a UAE free zone—that's where all his operational business was conducted. When he decided to purchase an apartment in Turkey for a residence permit, it was logical to pay from there: the money was essentially his, simply registered in the company's name.
Why the standard route did not work
And here lay a trap that many are unaware of. For Turkish verification and banking purposes, paying for real estate from a company account is a "third-party payment": the funds did not come from the buyer personally, but from some legal entity. Even if the company is 100% owned by the buyer, without proof it appears as if someone else is paying on his behalf, and such payments raise questions and threaten rejection of the residence permit application.
What BRIDGES had to solve
The root cause was the gap between "essentially my money" and "formally the company's money." This gap needed to be closed documentarily: to show that Andrey is the beneficial owner (UBO, ultimate beneficial owner—the actual individual to whom the company truly belongs), and therefore payment from its account is, in substance, his own payment, not someone else's.
Why a standard answer would not do
Andrey contacted BRIDGES, understanding that the task was not simply "to transfer money"—that's easy—but to ensure that the payment from the UAE company account would be recognized as his own: to prove UBO status and a transparent connection between him, the company, and the funds, so that the payment would not be rejected as "third-party."
All my money was in my company account in the UAE free zone, and I wanted to pay for the apartment from there. Then I'm told: this is a third-party payment, it could be rejected. How can it be third-party? It's my company! Dmitry explained the catch and closed it: he documentarily proved that I am the beneficial owner of the company, established a transparent connection between me, the company, and the funds. The payment was recognized as my own, and I received my residence permit.
