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How to open bank account in the UAE?

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Current Account Opening in UAE: What You Should Know Before Applying

Current Account Opening in UAE What You Need to Know Before You Apply 2Opening a current account in the UAE sounds simple on paper. In real life, the small details decide whether things move fast or drag on for weeks. The bank you pick matters. Your income bracket matters. The paperwork matters even more.

If you're moving to the UAE, starting a new job, or setting up a company, getting the right account in place early saves time and hassle later. For some people, the process is quick. For others, especially non-residents, freelancers, or business owners, banks ask more questions and want a thicker file. That's normal. UAE banks take compliance seriously, and they don't rush account approvals just because the form looks complete.


Current Account Opening in UAE: What You Should Know Before Applying › Read more

How to open a bank account in Dubai

How to open a bank account in DubaiThe bank account in Dubai can be opened for your offshore or onshore company registered in Dubai or other Emirates of UAE (corporate account) as well as for the physical person – resident or non-resident of UAE (private account).

It is also possible to open bank account for foreign offshore or onshore company, (registered outside of UAE). Details – see account for foreign company.


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Open a bank account in UAE Remotely: How it Works

Dubai bank account, UAE -  opening without personal visit / presence

We work extensively with international clients and have heard this question countless times: “Can I open a bank account in the UAE without living there?

The short answer is, "Yes, but not in all cases." It depends on the bank, your profile, paperwork, and how clearly you can explain the source of the funds and the account's purpose. That's how it works in this country. Compliance is a must.

 


Open a bank account in UAE Remotely: How it Works › Read more

List of Banks in UAE: Full Overview

List of banks in Dubai UAE

The UAE banking market is big, competitive, and packed with options. For anyone comparing banks in the UAE, that sounds promising at first — until it’s time to actually choose one. Then the real questions start. Which bank fits your profile? Which one works better for day-to-day banking, business payments, or international transfers? And which bank is best in the UAE if you want fewer delays and a smoother process?


List of Banks in UAE: Full Overview › Read more

How to close bank account in Dubai, UAE

How to close bank account in Dubai, UAEThe Government of the UAE has developed a well-thought-out national legislation that is favourable for both natural persons and legal entities, and the Dubai banking law is not an exception. The locally applicable law provides the minimum requirements for closing bank accounts.

In this overview, we would like to present the detailed information on how to close a bank account in Dubai, the UAE.

General Information on the applicable procedure


How to close bank account in Dubai, UAE › Read more

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.