As the trend of offshore banking is increasing, the policies are also getting strict due to which it is becoming harder to have an offshore bank account. So, it is better to have an account now as it will become harder in the future. However, when it comes to the selection of an offshore bank, people get confused that which bank they should choose. Well, there are many options to choose from, but choosing an offshore bank in Dubai will be more beneficial to you than other investment. Due to the safe and confidential banking environment, Dubai has become the most preferred destination for offshore bank accounts. As Dubai is one of the well-established and most flourishing economies in the world, it ensures a stable banking environment.
There are number of benefits that you will get by opening an offshore bank account in Dubai and the biggest benefit is that your confidentiality is given the highest priority. UAE does not have any agreement with other countries for information exchange, which ensures that you information will remain private. The local banks of Dubai are much stronger and do not rely on the external business. Moreover, you will not find the UAE appeared on the “black-list” of nations which are considered as tax havens. However, it does not end here; every offshore bank in Dubai has much more to offer you. Here we are going to mention some advantages of having an offshore bank account in Dubai.
Many banks in Dubai offer access to economically and politically stable jurisdictions. It is the advantage for those people who live in the areas where there are more chances of political turmoil. If you have the fear that your funds will be seized or frozen, then you can consider having an offshore bank account in Dubai.
- There is no much government intervention in the banking system of Dubai and even the overheads of having an account are low. As a result of this, the banks in Dubai operate at a lower cost base and also, provide higher interest rates than the ones which are offered in your home country ....