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Dubai UAE

Location: Eastern Arabian Peninsula on the coast of the Persian Gulf

Capital: Dubai

Population (2021): 3,515,813

Status: member of the Supreme Council of the Union (SCU)

Currency: AED (Dirham)

Official languages: Arabic

Did you know?

Dubai has long enjoyed a reputation as a secure, tax-free jurisdiction for international banking and company incorporation.

There are no Corporate or Personal Taxes payable. Only banking institutions and companies active in the oil sector are subject to corporate taxes.

English is the official language in the workplace, including contracts/agreements written, invoices, banking etc.

The population currently stands at 1.5 million however 82% of the population are foreigners. Arabic is the official language; however English is the business language.

Dubai is an undisputed business hub of the Middle East.

Abu Dhabi and Dubai are the only two emirates to have veto power over critical matters of national importance in the country’s legislature.

UAE banks have a strong economic performance and autonomy from international financial organizations what makes UAE a highly desired destination for foreign businessmen and investors to park their monetary assets.

Dubai is a business place which enjoys the presence of some of the largest global banks as well as a number of local or regional banks which offer a wide variety of banking solutions to cater to every business need.

Dubai has become a major banking jurisdiction and, if you want to open bank account in Dubai, all you have to know is you can
take advantage of the business environment and all the opportunities.

Current economic reliability of the UAE is satisfactory for financial institutions like a bank. Dubai Bank’s leading-edge financial system satisfies the modern standards and customer needs when you have to open a bank account in Dubai. Due to this reason, the UAE financial institutions have been accredited globally and increased a perfect reputation with respect to the services they offer.

Key features

Muticurrency accounts

Online internet banking and mobile application

VISA and Mastercard Debit cards

Banks may ask for minimum deposit

Loans and finance banking services

Merchant services