- Your Dubai Bank Account in 24 Hrs with FREE EXPERT GUIDANCE
- Qualified Financial Consultants with European Work Practices
- On the ground support team to assist you with expert after sales service
- One Stop Company Formation including Dubai Residency & Banking
- Dubai Offshore Companies & Dubai Freezone Company Formation
Europe Emirates has been assisting clients to establish and administer offshore and international bank accounts and has developed useful expertise in identifying and working with suitable offshore banks and international banks. By the very nature of our business we are exposed to a wide range of offshore banks and international banking activities.
We are experienced leaders in advisory business; we have lasting relationships with leading international financial institutions and investment advisors.
Europe Emirates supports its clients to expand and improve their Global Wealth Management and Trading business by providing expert services through a proven and secure platform.
PRIVATE BANKING IN DUBAI
Although private banking is not a simple business, there is a very simple business model to keep in mind: "keeping rich people happy". The definition of "private banking" varies from bank to bank but is generally taken to mean investment management offered on a personalised basis by a bank to an individual with disposable wealth of more than $100,000 (although some banks do not offer private banking services to clients with disposable wealth less than US$ 500,000 or US$ 1 million). Private banking is obviously not synonymous with "offshore", but the costs of a personalised relationship begin to be worthwhile at the $100,000 + level in the light of the superior gains to be realised from offshore investment. Private bankers probably prefer themselves to be approached and considered as financial advisers rather than as an investment-provider, and consequently private banks may not be the most effective choice for a reasonably sophisticated investor who wants to play an active role in the management of his investments.
EXPATRIATE BANKING IN DUBAI
Numerous offshore banks have sought to specialise in the provision of banking services to expatriates as they perceive such business as being relatively risk free, easy to "systemise" and profitable. In essence, expatriate services encompass managing accounts for people resident outside their home countries who may or may not be employed.
INTERNATIONAL COMMERCIAL BANKING
Many of our clients utilise the companies we administer for commercial purposes, such as trading. In such circumstances an offshore bank that specialises in private banking or expatriates will be unsuitable. Our commercial clients seek similar services to an onshore commercial bank.
MATCHING CLIENTS WITH BANKS
Once we understand our clients and their business objectives we will be able to assist our clients in identifying a suitable bank to work with.
Some of the aspects we consider are:
- The nationality, residence and domicile of our client. Banks often have policies that deny, restrict or place conditions upon certain classes of clients from having access to their services, and these policies change from time-to-time.
- The proposed activities of the client company.
- Opening deposits and minimum balance requirements