Cheap offshore banking

[Offshore]

Originally Posted by Doc_offshore

Dubai could be the new financial banking center for high networth individuals and they do not deliver information to European or US government tax agencies. Doc Offshore

Update. In 2005 Dubai had signed two memoranda of understanding with the Isle of Man's Financial Supervision Commission and Insurance and Pensions Authority.
In April 2006, the DFSA announced that it had reached an agreement with the Financial Supervisory Commission of the Republic of Korea (FSC).
In September 2006, meanwhile, the Capital Market Authority of Egypt (CMA) and the Dubai Financial Services Authority (DFSA) revealed that they had signed an important memorandum of understanding (MoU), designed to enhance bilateral cooperation between the two regulators.
Finally that year, the DFSA announced that it had entered into a Memorandum of Understanding (MoU) with the Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin), the Federal Financial Supervisory Authority of Germany.
In 2007, the Dubai Financial Services Authority further delivered on its commitment to expand its network of information sharing agreements with foreign national financial regulators, concluding agreements with New Zealand, the Netherlands, Guernsey, Greece, Malaysia, Luxembourg, Switzerland, the United States and Iceland.
Memoranda of Understanding with the national banking and securities regulators of Switzerland and Luxembourg,
In October 2007, the DFSA entered into an historic Memorandum of Understanding with the United States Banking Supervisors.
April 2008, agreement with Hong Kong
Later that year, the DFSA signed MoUs with the Securities and Exchange Commission of Cyprus, the Financial Services Board of South Africa, the Irish Financial Services Regulatory Authority, the Banking, Finance and Insurance Commission of Belgium, the Malta Financial Services Authority, the supervisory arm of the Banque de France, the China Securities Regulatory Commission, the Monetary Authority of Singapore, and the Capital Market Authority of Oman.