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Opening an account in Bank UAE
- stable banking system, not dependent on global crises;
- the highest technology of protection and safety of funds;
- the central regulator of the UAE issues licenses only to proven, reputable and best banks;
- exclusively premium level of banking services;
- the UAE does not participate in automatic exchange of information and accounts (CRS);
- for non-residents, multicurrency cards and payments are available all over the world;
- services of personal English-speaking bank managers;
- modern remote account management using Internet banking:
- a wide range of investment programs and offers.
Opening a bank account in Dubai or another emirate of the UAE is possible for both an individual and a legal entity of a non-resident. The key condition for banks in this region is high account turnover. If a non-resident does not interest the bank in their plans for transactions or investments, banks may request a resident visa or refuse to open an account at all. Based on the specifics of this region and the financial level of local citizens, banks are not interested in providing high-class services to clients with low financial potential. In addition, a prerequisite for opening a bank account in Dubai (UAE) is a personal visit and physical identification. To open an account, UAE banks also require real economic substance: an office in the country, employees, and passing a strict KYC process, including an analysis of the beneficiary's financial background (UBO) and the source of his capital.
Also for non-residents, an important aspect of opening bank accounts in Dubai is that the UAE has not signed an apostille agreement, so this feature must be taken into account when preparing the documents requested by the bank. If you need assistance in preparing documents, communicating with English-speaking managers of UAE banks, as well as in complying with other banking procedures, please contact our lawyers for support. Thanks to many years of partnership with UAE banks, we know exactly what it takes to securely open an account in the United Arab Emirates.
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