Tag Archives: Dubai

Banking

Dubai Offshore company banking services – Jumeira Consultants

Dubai is one of the ideal places to set up a business or to look for individual business opportunities. If you are planning either of these, then you may have to open a bank account in Dubai for your transaction needs. Unlike most other countries, it is a simple procedure in Dubai. All you need are a few documents and proofs.

Operating an offshore bank account is simply carrying out your banking activities in a location other than the one in which you live. Individual and corporate account holders may have different reasons for opening an offshore bank account .Most general and popular reasons being tax saving requirements and multi currency loan requirements.

Another common reason for operating and offshore bank account is the flexibility that accompanies such an account and expatriates can benefit in a huge way from an offshore bank account as allows them to manage their international financial commitments easily. The latest free zone, Dubai International Financial Centre (DIFC) is flexible and unlimited offshore banking will become much easier.

Many large banks have offices in Dubai .All the banking activities in Dubai are regulated by UAE Central Bank and they impose many restrictions on foreign banks. Some of the restrictions are

a) Foreign banks are not allowed to have more than 8 branches

b) Any commercial bank operating in Dubai must have capital available of at least Dh 40 million. .

As the DIFC free trade zone will be governed by an independent regulatory authority, it assures financial sector organizations, more legal independence and fewer trade restrictions will be implemented on banking and financial institutions. Many financial institutions are to be granted licenses to trade within the zone and the DIFC will attract many companies in the financial sectors worldwide to promote offshore banking.

The offshore banking facilities in Dubai free zones have comprehensive laws to ensure transparency and to avoid money laundering .The laws also cover international economy compliance factors .The free trade zone is basically being designed to allow financial institutions to work and grow without limitations and restrictions such as taxation burdens, reporting requirements and stringent laws and rules.  The offshore banking sector in Dubai has already seen a growth in bank deposits following the introduction of the EU Savings Tax Directive. Many of the more traditional offshore centers do not offer many incentives to the banking sector as much as in Dubai .So it is becoming one of the most popular destinations for offshore banking.

Jumeira Consultants is able to offer clients assistance with all aspects of offshore company formation, business setup in dubai, business setup in uae free zones.

company formation in dubai

Finance

Middle East Finance by the Best Investment Banks in Dubai & UAE

The choice of the investment bank for putting aside the capital is a serious resolution. There are copious numbers of investment banks in Dubai and the Middle East to select from, and when you are finally selecting the one, there are several things which you have to think about prior to taking the final resolution. There are foreign as well as local banks in the Middle East which are all set to take care of your capital, or let you temporarily use the finances. The Middle East finance is on the boosting stage and there are always opportunities to make private equity in Middle East so that your finance can not only stay saved, but also they start enhancing as well.

The Middle East is the paradise for the investors who want to have their money increased twice or thrice as you get useful guidelines from the official personnel of the investments banks and you can see the investment banks in almost every state or country of the Middle East.

The National Bank of Egypt proposes saleable promissory notes such as deposits, loan, credit cards, investment in real estate, etc. The National Bank of Qatar offer marketable Islamic bank actions like asset administration actions like riches management, account administration, portfolio management along with almost the items available in the National Bank of Egypt.

In the same way, the National Bank of Dubai offers investing promissory notes which includes investment advice-giving, life and commodity insurances, etc. The National Bank of Oman presents the marketable services which take in the deposits, loan and mortgage, credit cards, investment suggestions, accounts and asset management, brokerage and some others.

A brokerage company is a monetary organization that works as a stock agent. Brokerage companies serve the customers who are interested in making the investment in trade public stocks. In Kuwait, the largest brokerage company is Arab Financial Brokers which is world renowned. This company gives Forex trading, micro trading, Islamic investment and online brokerage to the clients globally. The purpose of establishing this company was to handle the growing number of currency and potential trading needs in the Middle East region and AFB has proven itself to the best of the expectations with unparalleled service and viable terms and conditions, and this is the reason why AFB has built up a strong association with its clients which his rising with the passage of time. AFB’s administration staff has totally changed the face of brokerage companies.

As you can see the presence of the investment banks all around the Middle East like Egypt, Qatar, Dubai, Oman, Kuwait and others, so finding and making the Middle East finance profitable is quite easy and you just need to make a good research for this purpose. Dubai is certainly a jewel of the crown for the UAE and the Middle East and the investment banks in Dubai really so wonders for their clientele with the best services and helps them build the private equity in Middle East with an easy and money making process.

Richard Burton is a seasoned finance banker, with expertise in regional corporate financing and offshore investments. The author resides in Kuwait, and has been writing articles for various industry magazines and blog post for a number of years. Middle East finance | Investment banks in Dubai | Private equity in Middle East

Finance

Affordable Islamic Finance Dubai

Islamic finance has emerged as a viable alternative the world over after the financial meltdown of the west. It is growing at the rate of more than 15%. Not only Muslim countries but modern, secular and industrialized countries like UK, France, Japan, Singapore and Hong Kong have become a hub of Islamic finance and banking as well.  The rapid development and growth of such finance is considered a priority area by international banks of world stature.

Dubai is seen by many industry watchers as the leading center of Islamic finance today. It has more sukuk listed than anywhere else, with $ 16 billion worth, and international investors are flocking to the emirate’s latest sukuk issuances and initial public offerings, thus making Islamic Finance Dubai, a viable option.

Essentially, Islamic finance is finance under Islamic law (or Shari’ah) principles. The basic sources of Shari’ah are the Qur’an and the Sunna, which are followed by the consensus of the jurists and interpreters of Islamic law.

Islamic Finance Dubai, like other countries in the Middle East, practices banking in consonance with the main principles underlying Islamic finance.  These include the prohibition of taking or receiving interest; capital must have a social and ethical purpose beyond pure, unfettered return; investments in businesses dealing with alcohol, gambling, drugs or anything else that the Shari’ah considers unlawful are deemed undesirable and prohibited; a prohibition on transactions involving masir (speculation or gambling); and a prohibition on gharar, or uncertainty about the subject-matter and terms of contracts – this includes a prohibition on selling something that one does not own.

In addition, Islamic finance can be combined with conventional funding sources and export credit agency (ECA) support, for the closure of innovative transactions, in Dubai and other Middle Eastern countries. In the world of commercial banking, the more commonly encountered methods of Islamic financing include Murabaha (cost-plus financing),Mudaraba (profit-sharing),Musharaka (partner- ship financing), Ijara (leasing), Istisna’a (commissioned Manufacture)

Islamic loans are as plentiful as they are life and comfort-enhancing! The Shari’a compliant repayment plan termed the Al Khairi Liabilities Settlement, seeks to ease your financial burden and begin afresh by transferring your conventional bank liabilities to the loaning agency; you can avail Hajj and Umrah Finance on a no profit and no processing fees basis; an amazing no mortgage, zero down payment option gets you  an AED 200,000 Boat Loan to be repaid in 5 years, Tamweel Finance for wedding expenses and renting an apartment, Travel Finance for religious or enjoyable family vacations, Islamic loans also include exciting Car, Personal and extremely comprehensive Education, Home and Shares Finance, to loan you happiness permanently!

Find and compare Islamic finance Dubai at souqalmal.com