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Offshore Banking

Introduction

As an expat you may enjoy very low or zero percent taxation. However it is important to recognise that moving funds to the security of a savings account in your home nation is likely to attract tax liabilities from your country of citizenship and/or domicile. In addition you may have payment obligations in your home country which require regular direct debits which can be difficult and costly to set up within the UAE banking system.

This is why it is important to consider the potential advantages of offshore banking when working as an expatriate.

Holborn Management Services can advise and help you set up an off-shore bank account in a suitable location depending on your circumstances and requirements. We have well established relationships with many off-shore banks and can make the process easy for you.

 

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+971 445 738 00