Foreign investors flock to UAE for one main reason – high end returns and full control of their funds. Due to zero corporate and income taxes, the business income and profits stays completely with them. Even if your business is not in UAE, opening a bank account in the country proves to be quite useful as you can control your funds, withdraw or transfer as you wish without any hassle. In fact, non-residents can do all their banking activities in the UAE with a bit of paperwork, documents and permits.
As mentioned above, for businesses outside UAE who would like to establish a bank account in a country where they don’t have to pay hefty amounts of taxes to the government, UAE offshore banking is the best bet. An “offshore banking” means establishing a bank account outside of one’s country. These banks offer legal and financial advantages to their owners that makes opening these account worth it.
Offshore bank accounts in UAE helps you keep the funds you make without spending any taxes to the government. Handling funds are also easier.
Off shore bank accounts are of two types:
At Rockefeller, we help our clients open bank accounts with almost a 99% success rate.
Opening a UAE bank means you have easy international access, zero taxation and easy transfer of funds. While opening a bank account might involve a bit of a process, once the account is settled, handling finances becomes much more easier. With zero taxes to give to the government, you keep what you own. UAE banks also have a flexible investment period and non-restrictive banking options.
Note, this might differ from emirate or bank
If you are planning to open a bank account, let us at Rockefeller help you open one without any hassle. We work very closely with the UAE local banks and know how to meet the compliance required for bank account opening. This in turn helps our clients open bank accounts without any hassles or loop holes.
Here are a couple of UAE local banks we work with:
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