Bank Account Opening in Dubai, UAE

Bank Account Opening in Dubai

Are you want to open a bank account in Dubai, UAE? Do you looking to open a bank account in Dubai, UAE? Is your business want to open a bank account in Dubai, UAE? The easy process opens a bank account in Dubai, UAE. Open Personal and Corporate Bank accounts in Dubai, UAE. Are your non-resident need to open a bank account in Dubai, UAE? Are you British Virgin Islands (BVI) / Foreign offshore company that needs to open a bank account in Dubai, UAE? Opening corporate bank account in Dubai, UAE. Choose a bank account in Dubai, UAE. Easy way to open bank account in Dubai, UAE.

UAE Banking

UAE Central Bank was Established in 1980. There are approximately 60 local and foreign banks in UAE. Banks follow IAS and IFRS standards. UAE Banks offer services in English and Arabic. There are four types of banks in Dubai, UAE: Commercial bank, Industrial bank, Investment / Merchant bank & Islamic Bank. Types of bank accounts in Dubai, UAE: Current Account and Saving Account. Investment account, Offshore Accounts.

Who Can Open Bank Account in Dubai, UAE

  • Resident Personal Bank Account,
  • Non Resident Personal Account.
  • Corporate Account for UAE Residents Partnerships.
  • Corporate Account for UAE LLC.
  • Corporate Account for UAE Offshore companies.
  • Corporate Account for UAE Free zone company.
  • Corporate Account for Foreign company.
  • Corporate Account for British Virgin Islands (BVI) / Foreign offshore company.

Required Documents to Open Bank Account in Dubai, UAE

  • Trade License
  • Passport copies
  • Partnership agreement
  • Memorandum of association
  • Article of association, chamber of commerce certificate
  • certification of incorporation
  • share certificate
  • CV of all partners
  • Company profile and management
  • Business Profile
  • Board Resolution
  • Proof of residence visa
  • Notarized Power of attorney (if any)
  • Emirate ID
  • No objection letter from sponsor/ employer
  • Disclosure of the source of funds
  • Any other document as requested by a bank
  • Bank reference
  • Utility bills etc

(for foreign companies all documents are required to be attested and notarized by the UAE embassy in the home country)

Note: Bank will not permit opening a bank account in Dubai, UAE without a physical presence in Dubai. Exceptional only for International banks no need to physically present in Dubai, UAE but need to present Local branches

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