You are using an outdated browser. For a faster, safer browsing experience, upgrade for free today.
Trust and Trustees

What Are Trusts?

Trusts are an investment tool that can be used to reduce the tax liability of the beneficiaries.

A trust is a financial vehicle that is created by one person (the settlor) for the benefit of another (the beneficiary). Trusts are created in order to manage assets and income for the benefit of a beneficiary. The trustee manages the assets on behalf of the beneficiary, who has no rights to control or access them. A trust can be established during someone's lifetime or after their death, and it can be used as an estate planning tool.

Trusts can be classified into two types: testamentary trusts, which are created by a person's will; and inter vivos trusts, which are not created until after someone's death.

Banking in Dubai

Dubai is a major hub for banking and finance.

Banks in Dubai are regulated by the Central Bank of the United Arab Emirates, which is responsible for monetary policy and overseeing commercial banks. The Dubai Financial Market (DFM) is a stock market that trades securities such as stocks, bonds, warrants, and derivatives.

The UAE has a strong banking sector with assets worth $1 trillion USD in 2016. The top three banks are Emirates NBD, Abu Dhabi Commercial Bank and First Gulf Bank respectively with combined assets of $250 billion USD.

Dubai's financial services sector accounts for about 30% of the economy of Dubai. Banking in Dubai is an important part of the economy.

How can the team at Real Davis assist?

Real Davis Financing Broker will assist you though-out the method associated and help you prepare every necessary documentation to facilitate and expedite an account application. Our fees for getting to the account gap procedures begin from US$2,500. this does not embody the prices of getting ready any further legalised/notarised documentation that a bank may need.

Opening a company bank account in Dubai

Opening a company bank account in Dubai is a necessary step for any company that wants to start a business in Dubai.

Opening a company bank account in Dubai is not as hard as you may think. All you need is to have the necessary documents, fill out the form and submit it. The process takes only about 10 minutes and you can get your new company bank account opened on the same day!

The process is generally as follows:

  • The Bank will request standard corporate documents on the company to confirm the legal existence of the entity.
  • Companies that are owned by other corporate entities will need to provide a full set of corporate documents in order to identify the management and ultimate beneficial ownership of the structure.
  • If the corporate shareholder is foreign, these documents will need to be notarised/legalised in their country of origin and again in the UAE.
  • Full due-diligence on all persons involved with the company from the account signatories, to Directors, Shareholders and UBO – must be provided.

Setup a UAE Offshore company

If you are looking to setup an UAE offshore company, you can look at the following steps:
- Choose a country and set up a company through such country's laws.
- Setup a bank account.
- Get the necessary documents for opening a bank account in UAE.
- Get an NOC from the UAE government for opening a bank account in UAE.
- Apply for VAT registration with the UAE Ministry of Economy.

Real Davis Financing Broker has helped a vast clientele in setting up offshore companies in the following locations:

  • Jebel Ali Offshore
  • ADGM Foundation

Setup an International Offshore company

If you are looking to set up an offshore company, it is important to get all the necessary legal documents in order.
You will need to get a registered address, a registered agent and register your company with the government.

Once you have done this, you will need to create a corporate bank account that can be used for receiving payments from clients and pay invoices. You will also want to consider hiring Real Davis Financing Broker for your offshore company. We can help you setup your international offshore company:

  • The BVI Company
  • The Cayman Islands Company
  • UK Company
  • Irish Company
  • Isle of Man Company
  • Guernsey Company
  • Jersey Company
  • Hong Kong Company