Unicorn Currencies
...
🇪🇺→🇦🇪

Send Money from European Union to United Arab Emirates

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

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

Save £2,025 per £100k Payment

European Union 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 EUR 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 European Union: What You Need to Know

EUR Origin Specifics

  • EUR single currency for 20 countries
  • SEPA instant payment network
  • GDPR compliance required

Your Local Advantages

  • Local EUR account available
  • SEPA (Single Euro Payments Area) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.

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)

European Union → United Arab Emirates Corridor Insights

Popular Industries

  • Commodity Trading
  • Construction
  • Oil & Gas

Peak Trading Hours

CET (GMT+1) 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 EUR from European Union to United Arab Emirates?

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

Open AccountView United Arab Emirates Details

Bank of Canada registered PSP | FINTRAC licensed MSB