Dubai has been chosen as one of the five key offshore banking destinations for HSBC customers. HSBC have announced the launch of a new offshore and international service for their premier customers.
HSBC Premier offers cross-border banking enabling customers to take their accounts, credit history and banking relationships with them wherever they choose to live and work.
HSBC Bank International provide offshore financial expertise mainly to expatriates from the United Kingdom, Europe and Commonwealth countries, now living and working in the region. Expatriates account for more than 75% of the population in the United Arab Emirates.
Dubai benefits from its geographical position between Europe and the Far East and a robust regulatory framework that is renowned for its economic and political stability. As an offshore centre, it can offer customers convenience, security, taxation benefits and Islamic banking options. In the United Arab Emirates there is no tax on capital gains, investment income, interest income or inheritance and customers can benefit from Savings and Investment products in major currencies.
Wednesday, April 9, 2008
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