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How to open bank account in the UAE?

Top 5 private banks in UAE

Top 5 private banks in UAE

The United Arab Emirates is one of the most rapidly developing countries in the world. In fact, the country demonstrates high results in such key areas as national industry, business sector and finances.

The Government of the UAE conducts a forward-looking policy of developing a national financial market. Special attention is devoted to the improvement of a private banking sector and digitization of the banking operations.

For many years now, the UAE banking institutions have held leading positions in the various local and international rankings. Such rankings were based on the numerous indicators, including the availability of the entire essential private banking services, the safety of financial transactions and quality of banking services.


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The best bank in UAE for expats

The best bank in UAE for expats

The contemporary global financial system is characterized by some certain level of the general instability of the national economies and fluctuations on the labour markets. At the same time, the United Arab Emirates enjoys stable social, political and financial systems.

The UAE, being located at the intersection of the world’s major trade routes, remains one of the most looked-for destinations for expatriates from all over the world.

The Government of the United Arab Emirates strives to create the most attractive and favourable conditions for living and carrying on business activities. Thus, the UAE welcomes all the private persons, investors, business persons and entrepreneurs from all over the globe to live and work in the business-friendly environment.


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The best bank in UAE for your business

The best bank in UAE for your business

Nowadays, the United Arab Emirates is considered to be the world’s most important and rapidly developing financial and business hub.

The Government of the United Arab Emirates puts all the efforts to increase the attractiveness of the country to investors, businesspersons and entrepreneurs from all over the world. Besides, a lot of work is done with the purpose of creating the most favourable business-friendly environment for carrying out investment and business activities.

The UAE banking system provides representatives of the business sector with the numerous competitive opportunities and favourable advantages. In fact, many banks offer the utmost various financial tools and specialized business services for corporate clients.


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The best bank in the United Arab Emirates

The best bank in the United Arab Emirates

The United Arab Emirates financial system is the highly developed and important component of the global financial market. The UAE banking system, being a part of the national financial market, is the integrated part of the UAE economy.

The UAE banking system is represented by the numerous best banks, which deliver the full set of high-quality services to both private and corporate clients on the local and international markets.

In this overview, we would like to provide the most important and relevant information on the best largest, strongest and the most reliable bank of the United Arab Emirates — Emirates NBD.


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Top 3 largest banks in the UAE

Top 3 largest banks in the UAE

The United Arab Emirates is the highly developed modern country, which is considered to be the most powerful state in the Middle East and Northern Africa region. Besides, the UAE is one of the world’s most important financial and business centres that provides the favourable business-friendly environment and the entire necessary infrastructure.

The Government of the UAE puts all the efforts to maintain the continuous economic, social and political development of the state. The particular attention is paid to the advancement of the existing banking system of the UAE.


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For those who would like to open bank account abroad, the United Arab Emirates is the one of most attractive option.

First, financial sector of the United Arab Emirates is noted for its impeccable reputation - country's banks are ranked as ones of the most reliable in the world.

Second, baking service charges in the United Arab Emirates, in comparison to European banks, are lower and the level of service is quite high. Almost all banks provide telephone and online banking.

How to open bank account in Dubai or other Emirate?

Opening a bank account is done in three stages: signing documents in presence of a bank officer (about one hour including your possible questions to the bank), receiving the account opening approval and account opening (approximately 2 weeks), receiving of access codes for internet banking (approximately 2 weeks).

There are formally no special restrictions relating to opening bank account, though there are some specific aspects in respect of individuals or legal persons.

How to open personal bank account in the UAE?

If you are a resident of the UAE, the account can be opened without any complications in almost any bank. For non-residents of the United Arab Emirates, some restrictions apply. First, there are banks that operate only with UAE residents. Second, you can only open savings account, which means it is impossibility to obtain a cheque book. All other banking options will be available to you in full extend. How to open corporate bank account in the UAE?

For companies incorporated in the UAE, the procedure of opening an account is very simple. Shareholders are required to provide personal documents and those relating to the company. If you only plan to open a company and bank account in Dubai and other Emirate of the UAE, then the most rational solution in terms of costs will be offshore company in the UAE.

It is also possible to open an account for a non-resident company. This will require legalization of documents in the Ministry of Foreign Affairs and UAE consulate in the country where such company is registered.

How to open bank account abroad without problems?

Just contact our company and we will provide you with professional assistance in opening bank account. Experienced specialists will be pleased to guide you through the whole process of opening an account in the UAE, and will explain all aspects and advantages related to it.

Our company has built up long-term relationship with banking institutions throughout the United Arab Emirates. Based on your requirements related to type of services and tariffs, we will find the best bank for you. Due to extensive experience and professionalism of our staff the procedure of opening bank account for you will be the least burdensome.

Should you have any question regarding our services, please feel free to contact us.