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There are several benefits to opening an offshore bank account for UAE residents

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Offshore bank accounts make sense for UAE residents, but it is important to find one with the right servicesImage Credit: Supplied

There are several benefits to opening an offshore bank account, especially if you travel or work abroad and want to be able to manage your money in different currencies. Not only for the seriously wealthy looking to grow their savings, an offshore account is a must for internationally mobile expatriates working in the UAE and Middle East in particular.

With the low interest rate environment in the UAE meaning your savings often are not even keeping up with the real rate of inflation, banking offshore means you can enjoy significantly higher interest rates than what you’d find in UAE.

Here are our benefits of choosing to bank offshore:

Global Portability

Inheritance and Estate Planning

Flexibility and Control

Easy Access

Earn Rewards

https://gulfnews.com/business/banking/put-your-savings-to-work-with-offshore-banking-1.1541687187000