What is offshore outsourcing?
Outsourcing, taking by itself, implies that some business processes of the company are shifted for ...
Interesting facts:
Since 2004, the UAE has been governed by Sheikh Khalifa – the older son of the state’s founder Zayed Bin Sultan Al Nahyan Full versionAlongside with the usual methods of payment, chequebooks are quite popular in the United Arab Emirates. For local residents they are the very common attribute similar to a wallet.
Cheques are easily accepted in public institutions, shops and private companies. Besides, many Arab banks provide the opportunity to cash cheques via online banking without the need to go to the main office.
Chequebooks are especially popular among business persons. The process of payment by cheque is convenient and easy: it is sufficient to simply indicate the amount and the purpose of payment on a specific cheque form. You need neither Internet nor other additional devices.
Both natural persons and onshore companies can get a chequebook. The main requirement is that the natural person must possess the UAE residence visa. In the case of getting a corporate chequebook, the owner of the company must be the resident of the UAE.
A criminal accountability for drawing fake or unsecured cheques was introduced to fight fraud. A cheque is considered to be unsecured if there is not enough money in the bank account at the time of its presentation. The usage of such cheques is considered as fraught with a heavy fine or an imprisonment of six months to three years.
Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:
The UAE law does not provide for the presumption of innocence in the cheque related fraud cases, and the person is considered guilty until proven otherwise. Owing to such strictness, a chequebook in the United Arab Emirates is considered a reliable and safe method of payment.
Please contact us if you want to obtain this method of payment. We will help you to choose the right bank, to open an account in the UAE and to get a chequebook.
Outsourcing, taking by itself, implies that some business processes of the company are shifted for ... A reliable asset protection is one of the main advantages of opening an offshore company in the ... If you are planning to put a decent amount of money in a bank, the issue of its reliability comes ...More articles from "Dubai & UAE business news":
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