Dubai Bank account opening
The financial sector of the UAE is one of the top three biggest sectors in the Gulf Area and has the perfect repute. The banks of Dubai,UAE are among the most reliable jurisdictions in the world. This all credit goes to Central bank of the United Arab Emirates which sets high requirements to the bank’s own capital.
If you compare the majority of European Bank, the banks in Dubai favorably differentiate themselves in low tariffs on banking services, abridged reporting system, high quality of services with very inexpensive fees and loyalty to clients.
Practically all banks in Dubai or UAE have effective level of service with an option of reserved access through internet and telephone banking systems, which makes Dubai bank account opening a very eye-catching and cost-efficient
Dubai bank account opening for personal UAE residents
Personal bank account can be done practically in any of the Dubai bank without any exceptional limits. Time for bank account opening in Dubai depends on the bank procedures and may take a couple of days or more as it varies bank to bank.
Open Dubai bank account, for personal non-residents
Open a bank account in Dubai for non-residence could be a bit tricky and possible there would be some restrictions on such type of account which means such account would be the Dubai savings bank account only. Under Non-resident bank account in Dubai cannot have the Cheque book and may be not able to have loan facilities however other features would be fully available. You have to deposit handsome amount to get non-residents bank account Dubai. kindly note that not all UAE banks open accounts for non UAE residents.
Dubai bank account opening for UAE Company
The procedure is very straight for Dubai Bank accounts of UAE Company .The shareholder (s) have to provide all the required documents of the company as well as some personal documents have a Dubai bank account for a UAE based company. If you do not have the company in Dubai or in any UAE Free zone but need Bank account in Dubai, the most cost-efficient resolution is to register the UAE offshore company and open Bank account for such company. Opening bank account in Dubai for the corporate entities established in the UAE is carried out equally and perfectly.
Bank account opening in Dubai for none – UAE Company
Bank account in Dubai for None- residents Company is very much possible under the condition of the appropriate documentation of the corporate which need to done in the UAE embassy in the country of the company incorporation and by the Ministry for Foreign Affairs in Dubai. If needed, we can assist you to all the documents certification services.
Our services within account opening – RIZ & MONA CONSULTANCY will assist you to open all types of bank accounts in Dubai. We have built long-term relationships with banks in Dubai,UAE that enables us to choose the best bank in terms of bank account opening in Dubai.
If you need more information regarding the Bank account opening in Dubai please do not hesitate to contact us.
Frequently Asked Questions – Open bank account in UAE
Is it possible to open bank account in UAE?
Yes, it is possible. To open Dubai bank account, it can be personal account or company account. For individuals or companies who are not based in Dubai can also open a Dubai bank accouny however the procedure would be different as they have to provide extra documents. Dubai bank accounts for Non residence bank account for company need attestation of the all documents.
How to open bank account in UAE?
You can contact us and tell us the required bank account type either personal or an account for a foreign company. We will advise you on the required documents. You can Prepare documents and send us back via email and we will verify and then you can come to Dubai to sign the bank applications and can bring original documents with you. After the bank compliance and procedure your account would be open.
Do I need to visit Dubai to open Bank account in Dubai?
In order to open a bank account in Dubai, a Visit to the UAE is a must and this is the requirement of the UAE Central Bank.Some websites claims that it is possible to open a bank account in Dubai without visit but in actual , this is against the policy of Centeral bank of UAE.
I heard that attestation of the documents of a foreign company to open bank account in UAE is quite expensive and extensive. Is this correct?
Attestation of documents of foreign companies takes pretty long and costly as well. First, it is compulsory to attest the company documents from UAE Embassy in the country of origin where the company is registered . After that it is required to get attest from Ministry of Foreign Affairs in Dubai. These attested documents would be consider legal documents to open bank account in Dubai and you can present to the Dubai bank . The attestation cost of each documents is almost 2300AED(Approx. 3000 USD is the cost for attestations) in total however it could be different in different country.
I am not living in Dubai but I need a bank account in Dubai – how to open bank account in Dubai?
If you are not UAE resident and want a bank account in Dubai for your international business, then the most suitable way to get the bank account is to open an offshore company in UAE and you can get the bank account for that offshore company. The costs of offshore company in UAE are not much high and it can be Setup within a couple of days.
How to choose a bank where to open account in UAE?
We can assist to choose the local bank as we are dealing with all most with all bank on daily basis and we do recommend bank account as per the requirement of the client.
How long would I need to stay in UAE and how long bank needs to open account?
The time required to open bank account in Dubai depends on bank and account type (personal or Company account). Normally, you can come to Dubai and sign the paper work for your bank account and go back.as there is no requirement to stay in the United Arab Emirates all this time. The bank will open account and will send all the detail via email i.e. online banking details and account number etc.