Dubai is increasingly being positioned as the “new Switzerland”, a place where you can keep your
assets securely without the risk of unfair and unreasonable taxation. Here are some of the
reasons why more people are choosing to open a bank account in the emirate.
The privacy of your account is protected since the UAE does not have any information exchange treaties. This means that the government in your home country cannot get information about your Dubai bank account that you would rather keep private.
It is very easy to open an account in the country. In fact, some banks will even allow you to open an account even if you are not physically present.
There are no currency controls or other restrictions to the movement of capital. This means that you will not have trouble repatriating your money back home from the bank.
Your money is secure since Dubai’s banking sector is well-capitalized and one of the strongest in the region.