Local authorities in the UAE welcome the presence of the top 100 well known global banks.
It is primary that all individuals wishing to open an account in the United Emirates obtain a residence visa, which proves your rights to reside in the country.
Some UAE banks may ask to see a copy of the following documents:
Your salary certificate will need to state your monthly income and be signed by your employer.
For UAE residents with working visas, all UAE banks will instantly open a current account. One may obtain a credit and debit card given their earnings. There are no restrictions concerning account transactions and Internet banking.
Having a check book is necessary and applies to all residents living in the United Emirates.
Formally, there are no restrictions concerning account opening for people or legal entities. However, there are some requirements listed below:
When opening a UAE bank account there is three different stages:
Receipt of account numbers and management codes by the client (1-2 weeks)
If you do not have a UAE residence visa and you have entered the United Emirates under a tourist vis
a. Banks will only allow you to open a savings account. A non-resident bank account will have certain restrictions in com
parison to an official residents account.
If you enter the UAE on a tourist visa you will only gain access to a debit card, which will allow you to wi
thdraw funds stored in the account. Internet banking is possible for some non UAE residents, depending on the candi
Although, a check book is not applicable. Given all of the above banks may refuse to open any account, when only a tourist visa is obtained.
The cost of account management and transactions is around 10-20 dollars.
When opening a cooperate account in the UAE you must consider the following requirements:
For International or “offshore” companies incorporated in the UAE an account may be opened in some UAE banks depending on their regulations and laws.
At present International companies can open an account in the following UAE banks:
“Amadlaw” provide robust corporate and individual account opening services to companies, with the most recognised banks operating in the UAE.
We prepare and analyse client documentation and present them on your behalf to UAE banks in the most manageable condition, to secure your account opening is efficient and easy.