Opening a bank account in Dubai for the companies who are located outside of Dubai is not a hefty process anymore. The economic and financial stability of United Arab Emirates is due to its highly regulated banking sector. UAE banks are well known for providing a high level of customer support and compliance with modern banking requirements. However, there are certain conditions which have to be met before you can open a bank account in Dubai. Firstly, if an individual is the owner or part of an onshore or an offshore company then he has the option to open a corporate account for banking transactions of his company. If a person is resident or non-resident, then he has the option to open a private bank account.
For offshore banking, there are not many restrictions placed by UAE financial Institutions. There are many advantages for an offshore bank account in Dubai as compared to other countries. These advantages include,
- Complete privacy of client’s information. No client information is disclosed by the bank.
- Complete tax exemption. Dubai offers zero tax charges for offshore companies. Every client has his own needs to set an offshore account whether be it to attain secrecy or for conducting international business or obtaining access to those facilities given by foreign bank that are not available locally. Tax optimization is one of the benefits.
Complete Article:
https://www.kwsme.com/business-opportunities-of-dubai-expo-2020-by-setting-up-your-business-in-uae/
Opening a bank account in Dubai for the companies who are located outside of Dubai is not a hefty process anymore. The economic and financi...
