There are no foreign exchange control restrictions in the United Arab Emirates that may impact cross-border remittances.
Immigration and visa rules
A visa or residency permit is required to live or work in the United Arab Emirates. Long-term visas and residency permits can be obtained on the basis of investment, ownership of a businesses, or on the basis of an employment contract with a UAE employer.
Separate rules apply for business, tourist, and other visas.
United States (US) Foreign Account Tax Compliance Act (FATCA)
The United States and the United Arab Emirates reached a Model 1B Intergovernmental Agreement (IGA) in substance as of 10 June 2014.
On 17 June 2015, the United Arab Emirates formally signed the Model 1B IGA, which came into force on 19 February 2016, with the US Internal Revenue Services (IRS) regarding the exchange of information related to US individuals and certain type of US-owned entities.
On 6 July 2015, the UAE government released guidance notes on the requirements of the IGA on the implementation of FATCA. The final guidelines expand upon the UAE-US Model 1 IGA, including the definitions, implementation of the due diligence procedures, and reporting obligations.
The exchange of information is done on a yearly basis, occurring in September of each year, between the United Arab Emirates and the US IRS. Filing of nil reports is required under the IGA.