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Dubai Offshore Banks list
Dubai's economy is fairly clearly divided between the 'onshore' sector, dominated by local business interests, with restrictions on foreign ownership, and the 'offshore' sector which consists of the The Jebel Ali Free Zone, the Dubai Investment Park, Dubai Internet City, the Dubai International Finance Centre (DIFC), the Dubai Airport Free Zone, and Dubai Media City.
Dubai: Offshore Banking List
The Jebel Ali Free Zone (JAFZ) was established in 1985 with the specific purpose of facilitating investment. Accordingly, the procedures for setting up in the zone are relatively simple. Its legal status is quite distinct: companies operating there are treated as being "offshore", or outside the UAE for legal purposes.
The option of setting up in Jebel Ali is therefore most suitable for companies intending to use Dubai as a regional manufacturing or distribution base and where most or all of their turnover is going to be outside the UAE.
100% foreign ownership is permitted in the JAFZ. There is exemption from all import duties and 100% repatriation of capital and profits is guaranteed
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- Dubai
Islamic Bank
Dubai Islamic Bank has the unique distinction of beig the world's first fully-fledged Islamic Bank, a pioneering institution that has combined the best of traditional Islamic values with the technology and innovation that characterise the best of modern banking.
Other offshore services in Dubai
- Dubai Internet
City
In February 2000, Dubai set up a free-trade zone for electronic commerce and technology. Among the objectives of the free zone, as outlined by the law, is to draft strategies and policies to make Dubai a centre for technology and electronic commerce