Opening a bank account in the United Arab Emirates (Dubai)

The United Arab Emirates is characterized by progressive banking system. Recently, the emphasis is increasingly put on developing the foreign sector of financial institutions, which means that their number exceeds the local ones. The policy of the Central Bank of the UAE imposes high demands on investors, which makes it possible to refer to the banks of the country as the most reliable ones.

According to the structure of accrual of interest rates, service costs and minimum requirements to the balance on the account, the financial institutions of the Emirates are comparable to banks in Europe and America.

How to open bank account in Dubai for non-resident? Selection of bank

Emirates NBD PJSC

It is characterized by the availability of English-speaking personnel, and detailed description of the company's activities is required. Any account is opened within 10 working days. The Bank sets certain conditions for annual turnover, and there are requirements for minimum balance on the account. Detailed information on tariffs can be clarified by phone.

Emirates Islamic Bank

There are employees who speak Russian. Minimum balance on the account should be 28000 euros. In order to open bank account personal presence is necessary. Company documents, recommendation letter from the bank for the beneficial owner of the company, and identity documents are required for opening account in bank of Dubai (the UAE).

Documents for opening account in Dubai (the UAE) for non-resident

1. Passport with indication of the address and the mark of crossing the border of the UAE.
2. Extract from the current bank account of the beneficial owner.
3. CV.
4. Corporate documents of the company.

Specialists of our company prepare the necessary documents for opening bank account in Dubai (the United Arab Emirates). Bank forms are issued directly when opening the account, which means that personal presence is required.

We are ready to accompany you for carrying out legal protection, and interpreter can also be provided to all clients.

United Arab Emirates: list of banks
Name of the bank Account opening cost Founded
Mashreq Bank 1990 USD 1967
National Bank of Fujairah 1990 USD 1982
Emirates NBD PJSC 1500 USD 2007
NOOR Bank 1990 USD 2008
Emirates Islamic Bank 790 USD 2004
National Bank of Ras Al Khaimah (RAKBANK) 1990 USD 1976
Arab Bank for Investment and Foreign Trade (Al Masraf) 1990 USD 1976
United Arab Bank 1990 USD 1975
First Abu Dhabi Bank 1990 USD 2016