With the creation of the free trade zone called Dubai International Financial Centre, the emirate of Dubai became a more luring spot and the offshore banking business flourished quite quickly. There were many advantages and incentives for that. First, it is well-known that Dubai has a geographically strategic position being a bridge between Europe and Far East and uniting also the business world of Far East and Africa. Second, thanks to its economic and political stability and flexible regulations offshore banking Dubai nowadays represents a stable, secure and a reliable option. Moreover, this market was for many years a new and emerging market that is why the largest banks and financial institutions harried to gain a portion of it and build a strategic presence. There are already opened offices of HSBC, Dresdner, Abbey National Offshore, Barclays and Merrill Lynch which propose offshore banking services.
Offshore banking Dubai proposes offshore services for persons living and/or working abroad who want and look to 
find a safe haven for their financial means. Those who are interested in opening an offshore bank account in Dubai can do it in a relatively quick time without too many complications and difficulties. The staff of the banks is multilingual and is able to speak at least in Arabic, Hindi, Urdu and English, thus making it possible to satisfy the needs of both Asian and European clients.
Moreover, in Dubai the taxation was strategically conceived to create very good conditions for offshore banking business. For example, there is no tax on interest or investment income, capital gains, inheritance. There is also no exchange controls here, so one can take advantage of global investment opportunities. In addition, one can make avail of financial products and services in major currencies including Shariah compliant (Islamic).
There is of course the possibility to open either a private or corporate offshore banking account, depending on the needs of the client. Investors undertaking offshore banking Dubai can manage and control their transactions from all over the world via Internet banking, which is offered with most offshore bank accounts. All you need is a computer and Internet connection.
In addition, there are no funds transfer restrictions as offshore banking Dubai allows real flexibility.
Notwithstanding the fact that many jurisdictions have changed their legislation in order to provide for more access to one’s banking information and details, offshore banking Dubai achieved significantly high level of secrecy. Today it offers safe offshore bank accounts secured with anonymity and privacy.