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.
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.
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 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:
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:
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:
