Benefits of having a bank account in Dubai
Having a bank account in Dubai offers immense benefits for the corporate as well as for individual/private sectors. One of the major requirement for opening a corporate bank account is to setup a company in the UAE. Having a bank account in Dubai opens up a gate of opportunities and offers and eases your trading or services needs internationally and locally.
Here follows a summary of the benefits you will enjoy when you open a bank account in Dubai:
Bank account for an offshore company registered in the UAE is less costly, however it is extremely hard to open a bank account plus there are higher requirements on minimum account balance and initial deposit. The company account is NOT considered to be resident which means it is constantly under strict compliance monitoring.