Personal bank account

The UAE banking system is often described as one of the most reliable ones to keep profit, providing currency stability, lack of control and the presence of respectable banks and financial institutions. You can manage your account from anywhere in the world, which is very attractive for entrepreneurs and business owners. Our experts can help you quickly open a private bank account in the UAE. The service is provided separately or with other services related to opening and registering a business or applying to reside in the UAE permanently.

Benefits of a private account in the UAE include:

Cooperation with the United Arab Emirates is on the agenda for the development of any business. The crucial thing is to comply with all the established requirements and legal norms. The main advantages of opening a private account in the UAE are:

  • stable economic position of the UAE;
  • possibility of integration into the international financial system;
  • access to many foreign currencies;
  • simplified settlement system in national currency;
  • Free settlement transactions (third parties can perform transactions, and this action is not considered dubious or illegal);
  • No need to exchange tax data.

To open a bank account in the UAE, you will need the following documents:

  • resident’s passport and visa;
  • Resume (a critical document. It should reflect your professional experience and career as closely as possible. The bank very carefully checks it);
  • Personal account statement (the period for which the statement must be provided depends on the bank, usually 3 – 6 months). It must be translated into English;
  • Proof of residential address.

We work closely with all major UAE banks. Our experts know all the intricacies of the work of financial institutions. Years of our practical experience in opening the bank accounts guarantee reliable protection and support at all stages.

Features of a private account in the UAE:

You can open an account in a bank in the UAE only if you fully comply with the established requirements and can present certain documents. The following services are available for a client who has opened an account:

  • a personal manager;
  • receiving interest on the balance;
  • large withdrawal limits;
  • accrual of bonus points;
  • approved overdraft;
  • unlimited number of transactions;
  • internet banking

We provide full support in opening a bank account in the UAE. Our experts will help collect the necessary documents and prepare your documents according to the bank’s requirements.

FAQ

We have prepared the answers to some of the most common questions we receive from our clients regarding the Personal bank account opening.

How to open an offshore bank account in UAE?

We are a registered agent in all key free zones and offshore jurisdictions in UAE. We can incorporate a company in a short period of time and help to open an individual or business bank account

Can I open a bank account in UAE?

A UAE resident visa will allow you to open a personal or business bank account. There are several types of banks to choose from, but remember that many require a high minimum deposit. At most banks, you will only need to show your passport, visa and a letter from your employer stating your average salary.

Can I open a bank account in the UAE without a residency permit?

The UAE only allows expats without a residency visa to open a savings account. As a rule, such account does not come with a chequebook. Instead, most banks issue an ATM card so users can withdraw money while waiting for their residency visa

Can a non-resident open a bank account in the UAE?

Most banks in Dubai only allow non-residents or tourists to open savings accounts. The restrictions imposed mean that current accounts or other services are only open to residents.

Can I open a bank account in Dubai online?

Most banks in Dubai offer free online banking, so we recommend signing up for it when you apply. Online banking is an easy and secure way to manage your finances.

How can I open a bank account in the UAE without a minimum balance?

Banks in the UAE started offering accounts without the requirement of maintaining a minimum balance. Such accounts are called zero-balance accounts.

How long does it take to open a bank account in the UAE?

Expats can open a bank account in the UAE within a few days. The process generally takes anywhere from one or two days to several weeks, depending on the type of account. Different accounts require different documents.

Can tourists open a bank account in Dubai?

Tourists can only open a savings bank account, not a current one. A copy of your passport with a stamp of entry into the UAE must be provided.

Can I open a bank account with my passport

Almost every bank requires a valid government-issued photo ID when opening an account. Other forms of government-issued identification are a valid passport or ID card.

How do I open a savings account in the UAE?

To open a savings account in the UAE, you can visit the nearest branch of the bank of your choice or apply through online banking. You can withdraw, deposit and transfer funds with a savings account anytime.