🏴→🇦🇪
Send Money from Scotland to United Arab Emirates
Scottish businesses and exporters paying United Arab Emirates suppliers. Send GBP from Scotland, receive AED in United Arab Emirates with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local GBP collection + local AED delivery = no correspondent bank fees
Save £2,025 per £100k Payment
Scotland 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 GBP 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 Scotland: What You Need to Know
GBP Origin Specifics
- Scotland uses GBP currency
- Post-Brexit customs documentation
- FCA regulated payment services
Your Local Advantages
- Local GBP account available
- Faster Payments instant collection
- No correspondent bank fees on origin side
Local Collection Method
Faster Payments
Instant (T+0) • UK domestic instant payments. Money available immediately.
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)
Scotland → United Arab Emirates Corridor Insights
Popular Industries
- Commodity Trading
- Construction
- Oil & Gas
Peak Trading Hours
GMT 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 GBP from Scotland to United Arab Emirates?
Save 80% on every payment with t+0 (2.3s avg within unicorn network). Local GBP collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB