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Opening a personal account in UAE

The financial system of the United Arab Emirates is trusted by businessmen from different parts of the world, thanks to the stable and rapid growth of the economy. According to statistics, financial institutions in the UAE are the best to deposit and safely store financial assets. The number of people wishing to open an account in the UAE is increasing every day, which indicates the stability of the banking system of this country compared to other countries. Therefore, many foreign businessmen and entrepreneurs seek to invest in local banks for further development and implementation of business projects.

Work experience

Dynasty Business Adviser has practical experience in assisting clients with opening personal accounts in UAE banks. We consider the differences between residents and non-residents, requirements for documents and sources of income, and the specifics of compliance checks. We know the typical reasons for refusals and eliminate them at the application preparation stage so that the client can go through the procedure without unnecessary risks and delays.

Efficiency

To ensure that opening a personal account with a UAE bank takes as little time as possible, we prepare a complete set of documents in advance and select a bank with the appropriate requirements. The professional actions of our consultants allow us to avoid document returns, revisions, and repeated requests from the bank. This approach allows you to access your account within the expected time frame.

Comprehensive

We offer a comprehensive service for opening a personal account with a UAE bank. To achieve this, we compare the client's profile with the banks' requirements and then select the most suitable option. We then assist with the application process and interviews, as well as helping with interactions with the bank after the account has been opened. This format allows the client to conduct their business with peace of mind.

No intermediaries

We work directly with UAE banks, handling communications, document preparation, and deadline monitoring. This format eliminates the need to pass the client along a chain of intermediaries, minimises the risk of errors, and significantly reduces costs. Practice shows that our professional presentation of the client's profile increases the likelihood of successfully opening an account on the first attempt.

Confidentiality

When opening a personal account with a UAE bank, confidentiality is of paramount importance. Consultants work with clients' personal and financial data—sources of income, residency status, personal information—strictly within the framework of banking requirements and international standards. This approach eliminates risks and guarantees the correct handling of information.

VIP service

Complex situations require a separate approach and careful consideration. Our experts provide personalised support to clients: they analyse their profile, prepare a package of documents considering the requirements of a specific bank, and guide them through the application process. Each step is worked out considering the specific situation. Leave the puzzle of banking requirements to us, and we will lead you to a successful result!

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Opening a personal bank account in the UAE

Contact our qualified specialists who will help you open a bank account in the UAE and save your time and money. Thanks to our knowledge, experience, and acquired skills, we will help you open an account, regardless of type, in any bank in this state as quickly as possible.

For those who want to open a personal bank account, take a look at the basic information and requirements for this procedure below.

What are the benefits of opening a bank account in the UAE?

By default, the owner of a personal account in a bank in the United Arab Emirates gets the following:

a debit card that can be used worldwide;
access to online banking to manage your funds regardless of your country of residence.

Opening a personal bank account in the UAE: features and requirements

A special feature of UAE financial institutions is that they are open to depositors from all over the world. Opening an account is available to both residents and foreigners. For non-residents, there are some restrictions and specific conditions, including:

to get a credit card, you need to make a security deposit into your account;
a checkbook is not issued for a non-resident.

Standard requirements for opening a personal bank account:

the applicant must be present in person during registration and filling out documents for opening a personal account;
the applicant must have an original passport to confirm his identity and a copy must be made by a representative of the financial institution.

Special requirements for an applicant without a resident visa

A non-resident applicant must provide the following:

presence of a note in the passport about arrival in the UAE (copy);
a document confirming payment for utilities, which indicates the full name and address of registration or residence of the applicant;
bank account statement from any bank;
mini-biography of the applicant indicating the type of activity.

Cost of opening a personal account in UAE banks

	Price
ENBD	From 500 $*
ADIB	From 500 $*
MISR Bank	From 500 $*
WIO	From 500 $*
FAB	From 500 $*

* Note: The final cost of services is determined individually and depends on a number of factors, including passport details. Therefore, prices may vary. For an accurate quote, we recommend contacting our consultant.

Requirements for an applicant with a resident visa

When opening a personal account, an applicant with a residence permit must present:

a copy of the resident visa;
a copy of the document that identifies the applicant in the United Arab Emirates (Emirates ID).

Please note that if an employee of a local company who is a resident wants to open an individual account, then he needs to submit a letter stating that the employer has no objection to this.

The above requirements and conditions are relevant when opening a personal bank account. Remember that each bank can additionally put forward its own conditions and require other documents in addition to the standard list. You can find out more details and get comprehensive advice from our employees.

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Online personal account management

It is impossible to imagine a modern financial system without Internet banking. This tool allows account holders to manage their funds online, regardless of their location. Banks in the UAE provide a range of services in this area. The client can pay bills, transfer money, and perform other operations in the system.

A peculiarity of Internet banking in the United Arab Emirates is multi-level protection and the maximum level of security. This service is provided by all UAE banks free of charge and regardless of the client’s wishes, both to residents of the country and to foreigners.

If you want to open a personal account in a UAE bank, contact us right now by phone, via Skype, or send an online request.

Who will you communicate with?

We will discuss your request and issue, find the optimal solution, and pass the project to the appropriate specialist. We will provide information about the company's services and introduce you to leading specialists within the company.

After consultation with the customer service manager, the legal consultant conducts a more in-depth analysis of your request and develops project strategy options and preliminary organization of all processes.

Will coordinate with you the strategy and stages of further work and conditions. Will be responsible for coordinating the work of the legal consultant, ensuring the correct implementation of the strategy, providing individual approach, and ensuring compliance of the team's activities with legal norms.

Manages your project within the company, coordinates team activities, and ensures that project goals are achieved on time. Responsible for planning, executing, and monitoring assigned tasks.

Represents your interests in government agencies, including handling company registration and subsequent processes, obtaining additional permits, and accompanying you during visits to government agencies.

Will communicate directly with you regarding accounting issues, transactions, and necessary documentation. Ensures the correctness and order of your financial flows functioning.