There are a few different options for doing offshore banking in the UAE. Best alternative available through special economic zones like Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) is incorporating an offshore company and then opening a corporate account.
While this provides more flexibility, it does involve additional regulatory compliance overhead.
A far simpler approach for both individuals and businesses is signing up for an online offshore banking account with Jetonbank.
As a fully digital bank licensed in the Commonwealth of Dominica, Jetonbank allows account holders to enjoy all the perks of UAE offshore financial services from anywhere in the world without the hassle of traveling or forming a new legal entity.
Can I Open a Bank Account in the UAE Remotely?
Yes, through Jetonbank it is possible to open an offshore bank account in the UAE completely online and remotely without visiting the country.
Normally, local UAE banks require an in-person meeting and proof of UAE residence to open an account. However, as an international digital bank, Jetonbank allows non-resident online banking after verifying your identity online.
To open an offshore banking account online in the United Arab Emirates through Jetonbank, you will need to provide basic KYC (Know Your Customer) documents like a valid passport, proof of address and source of funds documentation during the online application process.
Within a few business days, once your identification has been verified electronically, you can instantly access your new multi-currency bank account online. Funds can then be transferred globally through wire transfers and you have access to banking tools like debit cards.
How Do I Open an Offshore Banking Account Online in the United Arab Emirates?
Opening an offshore bank account with Jetonbank is a simple process that can be completed fully online in just a few steps:
1. Begin the Application
Go to the Jetonbank website and click "Open an Account". Fill out the short application form providing basic details.
2. Upload Identification
Upload clear photos/scans of your valid passport or national ID as well as a proof of address such as a utility bill from the last 3 months.
3. Provide Source of Funds
Briefly describe the origins and intentions of your estimated annual transactions through the account. No large documentary uploads are required.
4. Conduct Video Verification
A Jetonbank officer will contact you via a secure video call on an agreed time for a brief live verification interview.
5. Accept Terms and Conditions
Electronically sign the account terms and conditions via an online signature.
6. Account Activation
Within 2 business days usually, once verification passes, your new offshore bank account will be activated for use through online and mobile banking.
Follow this simple process to start benefitting from tax-efficient, multi-currency online offshore banking in the United Arab Emirates through Jetonbank—all without ever visiting the country.
How to Do Secure Offshore Banking in the UAE?
Security should be the top priority when conducting financial business remotely online. Here are some key things Jetonbank does to ensure safe and secure offshore banking in United Arab Emirates:
Bank Licensing and Regulation
As a licensed bank based in the Commonwealth of Dominica, Jetonbank complies with high EU standards for financial regulation, supervision, data protection and cybersecurity.
Online Banking Platform
Jetonbank provides a modern online banking platform that uses HTTPS security, data encryption, firewalls and regular vulnerability tests by independent auditors.
Identity Verification
Jetonbank follows thorough KYC and AML protocol involving personal documentation and a live video call to verify customers are who they claim before opening their offshore account.
Account Access Security
Strong authentication using a physical security key or 2-Factor Authentication apps like Google Authenticator is required for online access in addition to login passwords.
Data Privacy Protection
Personal and financial data of customers is held privately and securely in regulated data centers with limited access even for Jetonbank staff as per Swiss privacy laws.
Dedicated Support Team
Jetonbank assigns dedicated relationship managers plus 24/7 live support to assist customers with any issues and ensure peace of mind while banking remotely.
By partnering with regulated Jetonbank, you can confidently conduct secure and private offshore banking in the UAE safely online without risks normally involved with unlicensed digital banks or local banks.
Which Bank is the Best to Do Offshore Banking in the UAE?
When selecting a partner for your offshore banking needs in the UAE, Jetonbank stands out as an excellent option.
Here are some of its main advantages:
- Fully licensed and regulated by established authorities in friendly financial jurisdictions like Dominica.
- Pioneers digital banking solutions, allowing account opening and management 100% online without physical presence requirements.
- Serving clients globally with multi-currency accounts in USD, EUR, GBP, CHF and more from as low as $5,000 minimum deposit.
- Advanced security with bank-level encryption, two-factor authentication and stringent KYC/AML protocols.
- Dedicated relationship managers and 24/7 support through phone, email and live chat globally.
- Exclusive cash management services from payments and transfers to investment advisory.
- Over a decade of experience and positive reviews serving HNW individuals and corporations seamlessly.
For seamless and hassle-free offshore banking access to the opportunities in the UAE without travel or paperwork, Jetonbank is a top choice offering a fully digital corporate banking experience trusted by clients worldwide.
Taking advantage of offshore financial centres like the UAE through Jetonbank's innovative services allows growing your wealth securely and taking full control of your finances from anywhere on the go.
To get started, simply visit our website or speak to a relationship manager to learn more about opening an account today.
