Unicorn Currencies
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🇨🇦→🇦🇪

Send Money from Canada to United Arab Emirates

Businesses in Canada paying United Arab Emirates suppliers for Commodity Trading. Send CAD from Canada, receive AED in United Arab Emirates with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local CAD collection + local AED delivery = no correspondent bank fees

Save £2,025 per £100k Payment

Canada to United Arab Emirates corridor savings

Traditional Bank
£2,530
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local CAD collection
  • ✓ Transparent 0.5% spread
  • ✓ UAEFTS (UAE Funds Transfer System)
Your Savings
80%
£2,025 per £100k
At £300k-£3M monthly, save £5,068/year

Sending from Canada: What You Need to Know

CAD Origin Specifics

  • CAD commodity currency (tracks oil/resources)
  • Interac e-Transfer for fast payments
  • FINTRAC oversight

Your Local Advantages

  • Local CAD account available
  • EFT (Electronic Funds Transfer) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.

Paying Suppliers in United Arab Emirates: Compliance & Requirements

Regulatory Considerations

  • UAE Central Bank reporting for transactions >AED 55,000
  • Free zone vs mainland entity differences
  • VAT (5%) documentation required
  • Economic substance regulations for certain activities

Payment Best Practices

  • UAE is a re-export hub - use for onward shipments to Africa/Asia
  • AED is pegged to USD (3.67:1) so minimal volatility
  • Dubai/Abu Dhabi banks well-connected globally
  • Use UAEFTS for domestic, SWIFT GPI for international
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via UAEFTS (UAE Funds Transfer System)

Canada → United Arab Emirates Corridor Insights

Popular Industries

  • Commodity Trading
  • Construction
  • Oil & Gas

Peak Trading Hours

EST/PST (GMT-5/-8) to GST (GMT+4) time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send CAD from Canada to United Arab Emirates?

Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.

Open AccountView United Arab Emirates Details

Bank of Canada registered PSP | FINTRAC licensed MSB