Bank Account opening in Dubai, UAE
How to Open a Bank Account in Dubai, UAE
A to Z Consultancy is specialized in opening corporate bank accounts for all types of (offshore, free zone, onshore (mainland) companies. Our team can assist you in bank account opening regardless where your company is incorporated in the UAE or with some other jurisdiction. Assistance with bank account opening is related to company formation through A-Z Consultancy. We are working mostly with local banks in Dubai such as ADCB, ADIB, ENBD, Masheq bank, etc however we can assist with bank account opening with any bank of client’s choice.
The following bank accounts can be opened in UAE
- Personal bank account for UAE residents
- Personal bank account for UAE non-residents
- Corporate bank account for UAE companies (mainland, free zone, Offshore). Openingbank account in Dubai for the corporate entities registered in the United Arab Emirates is carried out fairly promptly.
- Corporate bank account for non UAE companies – possible under the condition of the appropriate certification of the corporate documentation.
As strict anti-money laundering regulations are applied in UAE, opening of corporate bank account in here is not as easy as it sounds. The reason is that banks in the United Arab Emirates have to meet an exceptionally high level of compliance to meet international banking standards. As result it is important that you have the right banking experts, who can help you with the process of opening offshore bank account in Dubai, United Arab Emirates.
How to Open a Personal Bank Account in Dubai, UAE
The applicant is required to be present in person for the bank account opening process. He / She must provide a detailed CV, which will be used by the bank to create a customer profile. A bankaccount statement for last six month from country of origin / country of residence must also beprovided. In addition, a reference letter from the bank must be shown at the time of opening a bank account in the UAE.
A copy of the passport, which includes the page that shows when he/she legally entered the United Arab Emirates (this is marked by an Entry Stamp) must also be attached along with the application.
How to Open a Corporate Bank Account in Dubai, UAE
This is a fairly complex process, requiring the submission of the following documents
- Corporate documents of the company.
- A copy of the applicant’s passport, with entry stamp
- A copy of the applicant’s visa (this could be the visa sticker on his/her passport)
- Copies of the shareholders’ passports, with entry stamp
- Emirates ID, in case the applicant is already a resident of the United Arab Emirates
- The names and addresses of the company’s suppliers and clients
The recent Bank Statements of all the Shareholders, which outline the banking activity carried out by them in the last six months, must also be provided. The statements must come from country of origin or country of residence banks.
Some banks in the United Arab Emirates require additional information about the company’s business contracts. The applicant must be present in person for the bank account opening process.
List of Banks in the United Arab Emirates
There are several local banks in the United Arab Emirates, which include the following
- United Arab Bank
- Abu Dhabi Commercial Bank
- Abu Dhabi Islamic Bank
- Abu Dhabi Islamic Bank
- Mashreq Bank
- First Abu Dhabi Bank
- Emirates NBD
- Emirates Islamic Bank
- Commercial Bank of Dubai
- Dubai Islamic Bank
- Sharjah Islamic Bank
- Noor Bank
- RAK Bank
- Bank of Sharjah
- National Bank
Need Help with Setting Up a Bank Account in Dubai, UAE?
If you require assistance with bank account opening in Dubai, contact A to Z Business Consultancy. Backed by our team of experts, who are with years of experience in banking sector and who are responsible to help our clients with bank account opening in Dubai, United Arab Emirates we are right choice for you.
We can help you open a savings account in Dubai for yourself. We can also help you with opening corporate bank account for free zone company or for non resident company. Contact us to find out more
