Interesting facts:

All legal relations between local and federal authorities are stipulated in the constitution of the UAE Full version
Main picture: What is a Bank Guarantee? What types of guarantees exist today?

What is a Bank Guarantee? What types of guarantees exist today?

authorPublished by Elvira Savir author | Tags: Dubai, UAE, banks

Any business is related with risk in some way. That is why business partners often use a bank guarantee in order to ensure the safety of the negotiated transactions.

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Main picture: The UAE banking system

The UAE banking system

authorPublished by Elvira Savir author | Tags: bank, banks, Dubai, UAE

The banking system of the Arab Emirates consists of the Central Bank and other local and foreign banking institutions. The Central Bank of the UAE performs key functions in the economy of the country and is a well-established financial structure.

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Main picture: What is a bank secrecy? What is the degree of a bank’s responsibility for its disclosure?

What is a bank secrecy? What is the degree of a bank’s responsibility for its disclosure?

authorPublished by Evira Savir author | Tags: Dubai, UAE, banks, bank

Privacy is one of the main issues of concern for bank clients. Let us understand what is included in the concept of bank secrecy, and what is the responsibility of a bank for its unlawful disclosure.

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Main picture: Closing a Bank Account in the UAE

Closing a Bank Account in the UAE

authorPublished by Elvira Savir author | Tags: Dubai, UAE, banks, bank

There can be different reasons to close a bank account in the United Arab Emirates. For example, in the case when the dissolution of an offshore or onshore company is planned, or if you want to change one bank to another which offering more attractive conditions, or you simply do not need a bank account anymore.

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Main picture: The Impact of Information Technology on the Development of the UAE Banking Products

The Impact of Information Technology on the Development of the UAE Banking Products

authorPublished by Elvira Savir author | Tags: Dubai, UAE, banks

In addition to high reliability, the UAE banks are also known for the use of the most advanced information technologies. Their aim is to ensure maximum safety of financial resources and to make banking services simple, comfortable and fast.

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Articles on business in the UAE

In the section "Articles on business in the UAE" you will find plenty of interesting and useful information relating to features, terms and prospects of doing business in Dubai and other Emirates.

We regularly publish informative articles relating to currently central and challenging matters relating to doing business in the United Arab Emirates. When reading them you will learn a lot of useful information that would be of great aid for the best success of your business.

What you need to know about doing business in UAE

Under the laws of the United Arab Emirates foreigners may set up a business by either of two options mentioned below. The first entails registration of own company in UAE, provided that more than half of the shares are owned by resident of the country, and the subscriber is the national of the United Arab Emirates. The second option for starting business in the UAE is more feasible for foreigners, as it allows to own 100% in company business. This option entails registration of a company in any of Free Trade Zones in the UAE.

Out articles regarding business will give you more than an idea of the easiest and cost-effective ways for registering business in the UAE. You will also know the optimal way for registering a company in Dubai. You will also find valuable information regarding business taxation and other aspects of doing business in UAE.

In addition, the articles will give you an idea of other useful information regarding business in Dubai, inter alia, national peculiarities of doing business.

Local business traditions differ markedly from European ones. First of all, it is worth noting that the region's business community never does anything in hurry. The lifestyle in the United Arab Emirates is somehow slower as opposed to Europe or America. Therefore one should be patient when allocating time for business partner for solving issues relating to business.

Read our article on business in Dubai and succeed in business!