Skip to main content
People & firms

The WONE Global Partners in each market.

Named senior professionals, each admitted as the one firm for a service in their country, and the firms they lead.

For professional firms

Lead your service in your market.

One Partner per service, per jurisdiction, admitted by review against published criteria.

Open Partnerships→
Insights

Sourced answers on doing business across borders.

Every statement is labelled: source-checked, professionally reviewed or not yet checked, with its source and date where checked.

Ask WONE Global

Ask your question.

Answers cite WONE Global's sourced statements and show how each one was checked. Research, not advice.

Ask WONE Global→

United Arab Emirates × Payments, Foreign Exchange & Settlement

Payments, Foreign Exchange & Settlement in the United Arab Emirates

Moving money between markets: payments, currency and settlement. In the United Arab Emirates, that means local law, local regulators and local practice, handled by a qualified professional who practises there.

Who handles this work

On request

WONE Global can find the right Payments, Foreign Exchange & Settlement professional in the United Arab Emirates for you.

No WONE Global Partner holds this yet. Send us your requirement: WONE Global confirms whether a vetted Associate firm can act, tells you who it is and checks for conflicts before any work begins.

Bring a requirement →
United Arab Emirates at a glanceGCC

Dubai · Wednesday 4 November

00:52

Local time

Currency
AED
Working week
Monday – Friday
Commercial centres
Dubai · Abu Dhabi
Dialling code
+971
Region
GCC
Doing business in the United Arab Emirates →

What the rules say in the United Arab Emirates

Payments, Foreign Exchange & Settlement, the essentials

From the United Arab Emirates market guide: the points that matter most for payments, foreign exchange & settlement, each with the source it was checked against.

Full guide · Source-checked research100% of statements checked against a source133 checked against an official source9 checked against a secondary sourceChecked 2026-10-19Not yet professionally reviewed

  • Withholding tax on UAE-sourced income paid to non-residents is set at 0%.

    Covers dividends, interest, royalties and service fees paid to non-residents, unless the income is attributable to a UAE permanent establishment or nexus; the Cabinet may set other rates.Ministry of Finance · checked 2026-10-18
  • Any person in the UAE must freeze, without prior notice, funds owned or controlled by persons on the UN Sanctions List or the UAE Local Terrorist List within 24 hours of the listing decision.

    Applies to all persons in the UAE; financial institutions and designated non-financial businesses must also screen records and transactions (Article 21).Ministry of Economy and Tourism (publisher) · checked 2026-10-18
  • The Central Bank of the UAE maintains a fixed exchange rate of the dirham against the US dollar, committing to buy dirhams against dollars at 3.673 and to sell dirhams for dollars at 3.672 with eligible market counterparties.

    Federal; applies to the CBUAE's dealings with eligible market counterparties. The page does not state when the peg began.Central Bank of the UAE (CBUAE) · checked 2026-10-19
  • The overriding objective of the CBUAE's monetary framework is maintaining the dirham's peg to the US dollar.

    Federal.Central Bank of the UAE (CBUAE) · checked 2026-10-19
  • The Base Rate is the CBUAE's official monetary policy rate and is anchored to the US Federal Reserve's Interest on Reserve Balances rate.

    Federal. The page gives no numeric value; the related CBUAE page notes the alignment may be adjusted to support the peg.Central Bank of the UAE (CBUAE) · checked 2026-10-19
  • Federal Decree-Law No. 6 of 2025 Regarding the Central Bank, Regulation of Financial Institutions and Activities, and Insurance Business is in force, with an effective date of 16 September 2025.

    Federal; onshore UAE and non-financial free zones. DIFC and ADGM financial services are regulated by their own regulators.CBUAE Rulebook · checked 2026-10-19
  • Decretal Federal Law No. 14 of 2018 Regarding the Central Bank and Organization of Financial Institutions and Activities has been repealed by Federal Decree-Law No. 6 of 2025.

    Federal. References to the 2018 law in older bank documents and guidance should be read against the 2025 law.CBUAE Rulebook · checked 2026-10-19
  • No person may carry on any Licensed Financial Activity in or from the UAE without the required Central Bank licence, and the licensed activities include currency exchange and money transfer services.

    Federal Decree-Law No. 6 of 2025, Article 60(1)-(2) and Article 61(1)(e).CBUAE Rulebook · checked 2026-10-19

Read the full guide: Banking, foreign exchange and repatriation

Scope

What the service covers here

  1. 01Map payment and collection flows
  2. 02Identify foreign-exchange exposures
  3. 03Review settlement and banking constraints
  4. 04Put workable cross-border payment arrangements in place

Key questions

What we will work through with you

  • What needs to be decided before payments, foreign exchange & settlement work starts?
  • Who is professionally responsible in each country?
  • Which other work, such as tax or employment, must happen at the same time?
  • What information and decisions are needed from the business?

If your work involves another country or another area of expertise, WONE Global brings in the right professional and keeps all advisers informed.

WONE Global Partners in the United Arab Emirates

Professionals working here

No named lead for Payments, Foreign Exchange & Settlement yet — these WONE Global professionals already work in the United Arab Emirates and can bring the right local colleague in.

Dr Hajra NazirDubai · United Arab Emirates

WONE Global Partner · United Arab Emirates

Dr Hajra Nazir

Head Corporate Advisory / Consultancy Division · VASS International Auditing & Consultants · Dubai

Dr Hajra Nazir is qualified Professional Doctorate (PD) in Business Advisory & Compliance with prestigious organizations in the field of Corporate Advisory, Business Administration, Law, Commerce, Applied Economics etc.…

Priju DominicDubai · United Arab Emirates

WONE Global Partner · United Arab Emirates

Priju Dominic

CEO & Founding Partner · Dominic & Partners Chartered Accountants LLC · Dubai

Armed with two decades of rich experience spanning across diverse industries and verticals, I have garnered the trust and admiration of many valued relationships. Audit & Assurance, Consulting, Risk Advisory and Tax pra…

Sunil ThomasDubai · United Arab Emirates

WONE Global Partner · United Arab Emirates

Sunil Thomas

Partner & Auditor Certificate Holder · VASS International Auditing & Consultants · Dubai

Qualified accounts professional with progressive years of experience in the field of accounting, finalization, budgeting, forecasting, business analysis, cash flow management, together good knowledge of auditing and fin…

Viswanathan NairDubai · United Arab Emirates

WONE Global Partner · United Arab Emirates

Viswanathan Nair

Managing Partner · VASS International Auditing & Consultants · Dubai

Comprehensive experience in directing and controlling activities including strategic planning, feasibility studies restructuring and turnaround of Business activities, evaluating Business proposals, etc Experience in se…

WONE Global Intelligence

Ask about payments, foreign exchange & settlement in the United Arab Emirates

Ask in your own words. Answers come from WONE Global's checked records, with every source shown, and end with the named Partner who can act. Go deeper on any point, or build a decision file.

Contact WONE Global

Discuss Payments, Foreign Exchange & Settlement in the United Arab Emirates.