Why Open an Offshore Bank Account in Dubai?

For most people, the idea of setting up an offshore bank account is a fantasy, since this is something that is associated with the very rich. But in fact, even the average person who wants to protect his wealth can benefit from opening an offshore bank account. In recent years, Dubai has become a popular destination for people to open offshore accounts in a safe and confidential environment. The emirate is one of the most prosperous economies in the world ensuring a stable environment in which to do your banking.

One of the biggest benefits of opening an offshore account in Dubai is that your confidentiality will be respected. The UAE does not have any information exchange agreements with other countries to ensure that your account remains private. Dubai is also host to a wide variety of well-capitalized banks with 100% government guarantees for the deposits as well as strict anonymity guidelines. Local banks are strong without the need to rely on external business as well as branches outside the country. And the UAE does not appear on any ‘black list’ of countries that are considered tax havens since it has a strong anti-money laundering regime.

It is also very easy to open an account in Dubai and you don’t even need to appear in person. Transactions are also easy to make since the country has no restrictions on the movement of capital or cash withdrawals. You can transact online 24/7 with no limits and you can transfer large amounts.

Contact us today if you need to open an offshore Bank account.

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S.F.Y. Management & Consulting FZE

SFY Management and Consulting FZE
Level 14,Boulevard Plaza Tower 1,
Sheikh Mohammed Bin Rashid Boulevard.
Downtown Dubai.
Dubai , United Arab Emirates.

Swiss Tel: +41 44 586 17 12
Dubai Tel: +971 4 368 0831
Dubai Fax: +971 4 455 8556

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