Do you think it’s a complex and time-consuming process for companies located outside of UAE to open a bank account in Dubai? As the leading business service consultant in UAE, we partly agree with you, even as we can do the job on your behalf and make it much easier and trouble-free for you. IBM Global have a professional team of accountants and experts with years of experience to assist you to open offshore bank account Dubai.
UAE offers mainly three types of business licenses: mainland license, free zone license and offshore license. Among these, offshore license allows entrepreneurs or working professionals to expand and enter a lucrative international market. It is preferable to open an offshore bank account in UAE to ensure the business operates smoothly, and optimized tax planning.
The UAE owes a lot to its robust and highly regulated banking sector for its economic and financial stability. UAE banks offer hassle-free and world-class customer services, and strictly comply modern banking standards and requirements.
However, in order for you to open offshore bank account in Dubai or elsewhere in UAE, you need to meet certain conditions. The point to note is that if an individual is the owner or partner of an onshore or an offshore company then he can open a corporate account to conduct the company’s banking transactions. But for a resident or non-resident person, what is allowed is to open a private bank account.
Surprisingly or not, UAE’s financial institutions don’t place too many restrictions on offshore banking. In fact, UAE offers many more advantages to businesses operating offshore bank account in Dubai than other countries do. The major advantages are:
Other benefits of opening an offshore bank account in UAE include the ensured secrecy in conducting international business and easy access to advanced banking facilities offered by UAE banks that might not be available locally.
Often, offshore banking is associated with high financial sophistication and even chicanery. In reality, the average person can open offshore bank account in Dubai in a few hours. You'll need to do some research to find the specifics relevant to your situation with each offshore bank and the foreign jurisdiction. An offshore bank account can provide you with a range of benefits. Here's what you can expect.
-Shareholder’s passport copy with UAE entry stamp
-Copy of main pages of MD passport, in case he/she is not a shareholder.
-Company License
The process of opening an offshore bank account in Dubai varies from bank to bank, largely because of adherence to own policies and requirements. In any case, the process of opening an offshore account could be quite challenging and time-consuming for an entrepreneur.
With years of experience in the UAE market as a top business consultancy service provider, IBM Global can make offshore account opening a hassle-free experience for you. We have one of the best teams of skilled professionals in the industry who can obtain all kinds of updates and information beforehand so that there is no delay or ambiguities in the whole process. We can guide you with the best advice and support for your business establishment so that you save valuable time and money.
IBM is one of the best online banking services company helps to assist you to open an offshore bank account in Dubai, UAE. Open offshore bank account have many advantages. Our experienced professionals assists you to open offshore bank account online Dubai, UAE. Other benefits of opening offshore bank account are higher returns in international investments, economic and political stability, generate higher interest rates, foreign banking systems offer security, diversify your wealth, higher liquidity, hold multiple currencies, asset protection.
Offshore account basically refers to a bank account that is outside one’s home country. An offshore bank account can be opened in the name of an individual or company, and are termed personal and corporate accounts respectively. Offshore accounts offer multiple advantages including legal and financial.
Online offshore banking allows greater financial flexibility, and eases financial transaction by enabling operations and financial control from anywhere in the world.
