07 April 2008
Global banking giant HSBC yesterday designated Dubai as one of its key offshore banking centres and launched a new "Offshore and International Service" enhancement to its HSBC Premier Service. HSBC Premier offers seamless cross-border banking enabling customers to take their accounts, credit history and banking relationships with them wherever they choose to live and work. With this new service enhancement, HSBC aims to meet the growing needs of its Premier customers, who can benefit from offshore banking.
Dubai has been chosen as one of the five offshore destinations of choice focusing on customers from the Middle East, North Africa and Pakistan.
It has also been chosen as the centre for offshore Shariah-compliant products and services. This is the result of extensive research, which shows that customers principally select their offshore centre based on where they feel most comfortable from a personal perspective.
The Jersey-based HSBC Bank International, with a representative office in Dubai, will continue to provide offshore financial expertise primarily to expatriates from the United Kingdom, Europe and Commonwealth countries, now living and working in the region.
Gul Khan, Regional Head of Premier, Home Finance and Insurance, HSBC Middle East, said: "Dubai is the regional business hub for the Middle East and North Africa region and major tourist destination.
Global banking giant HSBC yesterday designated Dubai as one of its key offshore banking centres and launched a new "Offshore and International Service" enhancement to its HSBC Premier Service. HSBC Premier offers seamless cross-border banking enabling customers to take their accounts, credit history and banking relationships with them wherever they choose to live and work. With this new service enhancement, HSBC aims to meet the growing needs of its Premier customers, who can benefit from offshore banking.
Dubai has been chosen as one of the five offshore destinations of choice focusing on customers from the Middle East, North Africa and Pakistan.
It has also been chosen as the centre for offshore Shariah-compliant products and services. This is the result of extensive research, which shows that customers principally select their offshore centre based on where they feel most comfortable from a personal perspective.
The Jersey-based HSBC Bank International, with a representative office in Dubai, will continue to provide offshore financial expertise primarily to expatriates from the United Kingdom, Europe and Commonwealth countries, now living and working in the region.
Gul Khan, Regional Head of Premier, Home Finance and Insurance, HSBC Middle East, said: "Dubai is the regional business hub for the Middle East and North Africa region and major tourist destination.
"As an offshore centre, it can offer our customers convenience, security, taxation benefits and Islamic banking options."The five offshore centres are located in Jersey, Singapore, Hong Kong, Miami (Latin America International Centre) and Dubai.
By Staff Writer
© Emirates Business 24/7 2008
