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Offshore bank accounts in Dubai

Being midway between the Far East and Europe, Dubai is strategically placed as an offshore centre uniting the business worlds of the Far East and Africa. The banks offer convenience and security as well as Islamic banking options, while also being known for both economic and political stability.

The free trade zone called Dubai International Financial Centre has made the emirate of Dubai an enticing destination and the offshore banking business has prospered.

Dubai offshore services are for persons living and/or working abroad who want a safe haven for their financial means. Opening an offshore bank account in Dubai can be done in a relatively short time without too many complications. There are no fund transfer restrictions therefore offshore banking in Dubai allows real flexibility. Either a private or corporate offshore banking account can be opened, depending on the needs of the client. Offshore banking in Dubai has achieved a significantly high level of secrecy and it offers safe offshore bank accounts secured with anonymity and privacy. All transactions can be handled via the internet from all over the world.

Dubai taxation is strategically conceived creating very good conditions for offshore banking business. There is no tax on interest, investment income, capital gains, or inheritance and there are also no exchange controls, therefore advantage can be taken of global investment opportunities.

Once you have made a list of your needs, considered the fees and rates and decided what kind of offshore banking services are you looking for it is advisable to study what the Dubai banks offer.

Offshore banks provide a large range of offshore banking services. They will include all the services that a domestic bank offers, as well as the added benefit of an anonymous offshore bank account, often providing higher interest rates. The offshore financial services should offer the storage of liquids, money transmission, exchange of different currencies, credit, investment, trade finance, corporate administration and fund management.