Ukrainians are actively working and investing in the UAE. Many earn money in Dubai and want to send money to relatives, pay for housing, or invest in businesses back home. In such cases, the remittance mechanism is often used—a convenient and fast way to transfer funds from Dubai to Ukraine.
What is a permutation?
A money transfer is a bank-free money transfer where funds are transferred in one country and the equivalent amount is issued in another. On the Dubai-Ukraine route, the scheme works simply: the client deposits dirhams in Dubai, and the recipient receives hryvnias in Kyiv or another Ukrainian city.
How the scheme works in practice
The client in Dubai contacts the partner, agrees on the amount, exchange rate, and time of receipt. After the dirhams are transferred, the partner contacts their representatives in Ukraine, and the cash is delivered to the recipient the same day. A code or password is sometimes used to prevent errors.
The process takes anywhere from a few hours to a day, making relocation the fastest way to get your money back home.
Benefits of rearrangement
The main advantage is speed. Unlike bank transfers, which can take 3-5 business days, a transfer allows you to receive your money the same day. Secondly, there’s no bureaucracy. No bank accounts, income statements, or explanations of the origin of the funds are required. Thirdly, there’s a favorable exchange rate. Partners offer terms that are often better than those offered by banks or traditional exchange offices.
Moreover, the transfer is convenient for any amount. You can transfer anything from a small amount for personal use to a large payment for a business or the purchase of real estate in Ukraine.
Who is it relevant for?
The permutation is especially popular among:
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migrant workers who want to help their families;
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entrepreneurs paying for transactions or services in Ukraine;
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investors returning capital for new projects;
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tourists who need to exchange funds for personal expenses.
Safety tips
Although relocation is a time-tested method, it’s important to choose only reliable partners. Reputation plays a key role: it’s best to work with companies that have been in the market for a long time and have good reviews. It’s important to fix the rate and amount in advance, as well as agree on a code word for cash transfers.
Result
Transferring funds from Dubai to Ukraine has become one of the most popular options for those who value speed, convenience, and reliability. This method allows for money transfers without banking restrictions and bureaucracy, and the exchange rate is often more favorable. This allows Ukrainians in the Emirates to quickly and securely return funds home, help loved ones, and invest in local projects.
