Dubai Offshore Bank Account

dubai offshore bank account

Learn about the Dubai banking system, and the opening of a Dubai offshore bank account. You will find details on the governing body, and you can see a full list of foreign and national banks that are currently operating in Dubai.

The Dubai Banking System

Central Bank

The Central Bank was established on the 11th December 1980, the bank formulates and implements monetary, credit and banking policy in accordance with the State’s general policy and in such ways as to help support the national economy and stability of the currency.

The Central Bank’s responsibility is to, exercise the privilege of currency issue, endeavor to support the currency, maintain its stability internally and externally and ensure its free convertibility into foreign currencies, direct credit policy in such ways as to help achieve balanced growth of the national economy, organize and promote banking and supervise over the effectiveness of the banking system, undertake the function of the bank of the government within the limits prescribed in the law, advise the government on financial and monetary issues, maintain the government’s reserves of gold and foreign currencies, act as the bank for banks operating in the country and act as the State’s financial agent at the International Monetary Fund, the International Bank for Reconstruction and Development, and other International and Arab Funds and Institutions and carry out dealings of the State with such concerns.

Financial Institutions Operating

Some of the national and foreign banks operating in UAE:

National Banks operating in UAE:

  • Abu Dhabi Islamic Bank
  • Abu Dhabi Commercial Bank
  • Arab Bank for Investment & Foreign Trade
  • Bank of Sharjah
  • Commercial Bank International
  • Commercial Bank of Dubai
  • Dubai Bank
  • Dubai Islamic Bank
  • Emirates Bank International
  • First Gulf Bank
  • Invest Bank
  • Mashreq Bank
  • Middle East Bank
  • National Bank of Abu Dhabi
  • National Bank of Dubai
  • National Bank of Fujairah
  • National Bank of Ras Al Khaimah – Known as RAK Bank
  • Bank of Sharjah
  • National Bank of Umm Al Qaiwain
  • Union National Bank
  • United Arab Bank

Foreign Banks operating in UAE:

  • Al Ahli Bank of Kuwait K.S.C.
  • ABN-Amro Bank N.V.
  • Arab African International Bank
  • Arab Bank plc.
  • Bank of Baroda
  • Bank Melli Iran
  • Bank Saderat Iran
  • Banque Banorabe
  • Barclays Bank Plc.
  • Banque du Caire
  • Credit Agricole Indosuez
  • Credit Suisse
  • BLC (France) S.A.
  • BNP Paribas
  • HSBC Bank Middle East
  • Citibank N.A.
  • El-Nilein Bank
  • Habib Bank A.G.Zurich
  • Habib Bank Limited
  • Janata Bank
  • Lloyds TSB Bank Plc.
  • National Bank of Bahrain
  • National Bank of Oman S.A.O.G.
  • Rafidain Bank
  • Standard Chartered Bank
  • Societe Generale
  • United Bank Limited
  • UBS

To open a Dubai offshore bank account, or to learn how Starting Business can assist you with Dubai offshore banking, Contact Us today.