The UAE is a central global financial hub with an advanced banking industry. Banks in the UAE are quick to embrace new technologies like blockchain and artificial intelligence. UAE has an immense focus on digital and mobile banking, even after a vast network of ATMs nationwide.

The nation has a robust financial sector and is home to over 52 domestic and international banks that are members of the UAE Banks Federation. Twenty-two of these are national banks. The Central Bank of the United Arab Emirates oversees all financial operations within the nation and controls the entry of new companies and technological advancements. Business owners can elevate their business potential by establishing an offshore company in Dubai with the added advantage of a dedicated offshore company bank account in Dubai.

Here is the list of top 8 offshore banks in Dubai in 2024

HSBC Middle East

HSBC Middle East is a subsidiary of HSBC Holdings, which is the world’s second-largest bank by assets. HSBC Middle East is headquartered in Dubai and is the regional hub for its financial activities in the GCC countries and Yemen. It has an extensive regional network that offers specialized wealth management and private banking services to high-net-worth individuals. HSBC supports businesses in the Middle East by providing corporate finance, advisory services, trade finance, and treasury solutions to help companies grow regionally and globally.


Citibank is one of the largest banks in the world. It is one of the biggest offshore banks in Dubai that offers a range of private banking services through its Citigold Private Client division. The immense global presence of Citibank allows clients to access international markets with diverse investment opportunities, making it easier to manage their assets worldwide. Citibank offers customized wealth management solutions, investment advice, portfolio management, and help in financial planning.

Habib Bank AG Zurich

Habib Bank AG Zurich (HBZ) is a well-known international offshore bank in Dubai that offers diverse financial services, including personal and commercial banking, corporate finance, trade finance, and wealth management. It is headquartered in Zurich, Switzerland and has a strong presence in regions like the Middle East and Asia. It offers personal and business banking and emphasizes regulatory compliance and security to ensure trust and reliability in all its banking operations.

Royal Bank of Canada

The Royal Bank of Canada (RBC) is the largest bank in Canada by market capitalization. It provides comprehensive services, including personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services globally. It is headquartered in Toronto, Canada and has an international presence. It also provides customers access to over 50,000 ATMs in more than 30 countries.

Noor Bank

Noor Bank is an Islamic bank founded in the United Arab Emirates. It offers a comprehensive range of Shariah-compliant financial services like personal banking, corporate banking, wealth management, and treasury services. The bank is dedicated to upholding the principles of Islamic finance. The bank offers a comprehensive assortment of products like Islamic mortgages, personal finance, business finance, and asset-based financing, all adhering to Islamic finance principles.

Dubai Islamic Bank

Dubai Islamic Bank (DIB) is the first Islamic bank in the world and offers a comprehensive range of Shariah-compliant financial services. DIB has been a trailblazer in Shariah-compliant banking that strictly adheres to Islamic finance laws and ethical standards. It caters to a broad clientele by offering its interest-free banking solutions. It has a solid retail banking network that has enhanced customer experience and accessibility.

Standard Chartered Bank

Standard Chartered Bank is a leading international banking group with a strong presence in Asia, Africa, and the Middle East. It is headquartered in London with a significant presence in emerging markets. The Standard Chartered Bank has over ten branches and over 100 ATMs in the United Arab Emirates. It has a strategic focus on fast-growing and dynamic markets to cater to the unique financial needs of their demands.

Emirates NBD

Emirates NBD is a leading bank in the Middle East. Emirates NBD offers Shariah-compliant banking products and services. It provides customized wealth management solutions like investment advisory, portfolio management, and financial planning services. With Emirates NBD, clients receive personalized attention and expert advice. Emirates NBD is well-positioned to cater to the local and global financial needs of its clients.


What services do offshore banks in Dubai offer?

International banks commonly offer several services to businesses in Dubai. Their services include trade finance, business loans, and investment banking. You can secure your financial future with an offshore bank account in Dubai that can open the doors to many global opportunities. It combines financial privacy and strategic wealth management in a prosperous business hub.

What is Dubai International Financial Centre?

The DIFC is a leading financial hub in the Middle East, Africa, and South Asia. It hosts many international banks and provides a robust legal and regulatory framework, which makes it an ideal location for UAE offshore company formation.

How to choose the best offshore bank in Dubai for business?

It is crucial to select the right bank for your business. One should analyze factors like international transaction capabilities, multi-currency account options, digital banking facilities, and the quality of customer service.

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