Opening a Bank Account in Dubai

OPENING A BANK ACCOUNT IN DUBAI FOR BUSINESS IN THE UAE

Opening a Bank Account in Dubai meets customer service requirements of the modern business standards. UAE banks are recognized in the whole world as stable financial institutions with high reputation on the international market.

The economic stability of the UAE draws business attention of the leading world banks to open new branches in the UAE. Business investors are very interested in opening a bank account in Dubai for keeping their business assets in this economically stable environment.

openeing a bank account in dubai

UAE BANK ACCOUNT OPENING

Open a bank account in the UAE is a quite easy but time consuming procedure. Free Zone Consulting will help you for a UAE’s bank account quick opening..

Before opening the account, you should considerer the following peculiarities for opening bank account in Dubai or any other Emirate.

OPENING A BANK ACCOUNT IN DUBAI FOR NON RESIDENTS

According to the UAE Central Bank Regulations, it is needed the personal presence of the applicant for opening an account. However, there is an exception when a bank’s representative  meets a client in other country outside UAE or when the applicant visits an official foreign branch of the bank for his personal identity authentication.
If you are not able to be present during the application process, we can offer you to open your bank account in other banks outdoors UAE.

It is so common that non- UAE residents are interested in opening bank account in Dubai or any other. This is possible, but there are certain limitations:

✓ It is needed a security deposit  to get a credit card

✓ The bank holder will not be able to get a check book

REGULATIONS FOR BANK ACCOUNT OPENING IN DUBAI

Bank checks are very common in the business world of the UAE, but only UAE residents can have Check books. If a new company wants to get a checkbook, its owner (UAE Resident) has to open an account in any bank of the UAE.

The local legislation and Central Bank authorities regulate how to use a checkbook for any economic operation. That is the reason why it is so important to understand all the rules about using a checkbook in order to avoid negative consequences.

Free Zone Consulting will help you to receive your checkbook and explain you how to use it correctly.

BANK ACCOUNT OPENING WITH DEBIT CARD

Opening a private or a company bank account in Dubai allows to get a debit card independently of your UAE residency status. Debit card is UAE’s standard tool for terminal processed payments and cash withdrawal through ATM machines.
UAE bank accounts debit cards have some restrictions which differ in accordance with type of card. UAE financial authorities can control the terms and conditions of debit cards use.

We offer full information about terms and conditions of debit card use and process of document submission.

ONLINE BANKING

UAE online banking offers a wide range of financial operations that allow you to make online payments and transfers abroad. The online systems of UAE banks is highly secured and protect its customers from frauds. You can make any online financial operation only after many steps of account holder identification.

Main benefit of UAE online banking is the possibility to control your bank account from anywhere in the world.
Opening a bank account in Dubai or anywhere in the UAE provides you the online banking option.

Contact us if you are interested in fast Dubai bank account opening with online banking option.

opening a bank account in dubai and uae

REQUIREMENTS FOR OPENING A BUSINESS BANK ACCOUNT IN DUBAI

There are some main requirements and other conditions which vary in accordance with the type of account and UAE residence status of account holder.

Main document requirements for opening a bank account in Dubai or UAE:

  • Personal presence of the applicant in one of the bank offices for signing the account registration.
  • Passport of the applicant.
  • If the applicant is not an UAE resident and came to UAE for opening bank account in Dubai, it is mandatory to present a passport with a entry stamp in UAE.

REQUIREMENTS FOR NON UAE RESIDENTS

  • Prove of personal identity of the applicant (utility bill) and place of his residence.
  • Bank statement from existing account in other bank. Sometimes it is also require a Reference Letter.
  • CV of the applicant

REQUIREMENTS FOR UAE RESIDENTS

List of documents required for an individual account in UAE:

  • Applicant Visa Copy.
  • Emirates ID Copy.
  • If the applicant is on father or husband visa a Non Objection Certificate from the sponsor is required.

List of documents required for opening corporate account in UAE:

  • Investors Visa Copies.
  • Investors Emirates ID Copies.
  • If the Managing Director is not an investor a copy of his passport is required.

Contact us if you are interested in bank account opening in Dubai and would like to get more information.

WE ARE HERE TO HELP YOU

SEND US A MESSAGE IF YOU HAVE ANY DOUBT OR WANT MORE INFORMATION.

We will answer your request as soon as possible.

You can also use our Live Chat!