A bank account in the Emirates facilitates many operations and procedures in the Emirates, especially for people who hold golden residence in the UAE, in addition to people who want to establish a company in Dubai as well. For this reason, we will talk in the following lines about the conditions, benefits, and requirements for opening a bank account in Dubai. Continue reading with us to know more details about this topic.
Documents required to open a bank account in the UAE
In order to open a bank account in Dubai, you will need the following documents:
- Residence visa or Emirates ID card, if available
- The passport of the person concerned
- In addition to a copy of your appointment letter from the bank
- Proof of income document, such as a salary slip or bank statement
- If you wish to apply for a personal account, you must also present a residence document in the Emirates
Conditions and requirements for opening a bank account in Dubai
As for the conditions and requirements necessary to open a bank account in Dubai, they are as follows:
- Passport of the person concerned in addition to a valid visa
- A residence permit or work visa for the person concerned as well
- The person concerned must be over 18 years old
- In addition, he must have an active bank account, containing at least 1,000 AED
- Documents to prove the person’s identity and residence in Dubai
- In addition to an income proof document, such as a salary slip or other
- An authorization letter from the employer, for people working in Dubai temporarily
- Documents proving the insurance coverage of the person concerned in the Emirates or in Dubai
For companies, the following documents must be submitted:
- The company’s commercial license
- Company incorporation contract
- Passports, visas and IDs for all people working in the company
- The lease contract for the company’s offices
Conditions for opening a bank account for non-residents
For personal accounts or for persons not residing in Dubai, the following conditions must be met:
- Submitting the original personal bank statement to the bank, in addition to that the person concerned must keep this original in the country of residence for at least six months.
- Original bank reference letter, in addition to personal data and/or CV.
- A copy of the passport of the person concerned
- Evidence to prove ownership of the bank account of the concerned party
Advantages of opening a bank account in the UAE
A bank account provides people in Dubai with many economic and social advantages that facilitate business in the city. For this reason, the process of opening a bank account is considered one of the most important steps in establishing a company in Dubai. One of the most prominent features offered by the bank account is the ability to access and manage funds from anywhere in the world, in addition to transferring your funds between different accounts.
In general, anyone who wants to work or invest in Dubai cannot give up bank accounts thanks to these features. Especially for people who want to invest in this city in the long term.
Tdabeer company is with you every step
Establishing companies, investing in Dubai, opening a bank account, obtaining a commercial license, and many other services provided to you by Tdabeer Company and its highly experienced work team. Do not hesitate to contact us and join our customer list, or to inquire or ask anything related to this topic.
Follow us on social media:
