Subtotal $0.00
Consulting services can provide valuable insights, strategic guidance, pecialized
1901 Shiloh, Hawaii 81063
Mon to Fri: 9am–6pm, Sat: 9am to 2pm, Sun: Closed
Consulting services can provide valuable insights, strategic guidance, pecialized
1901 Shiloh, Hawaii 81063
Mon to Fri: 9am–6pm, Sat: 9am to 2pm, Sun: Closed
The current economic stability of the United Arab Emirates is very satisfactory for financial institutions such as banks, etc. Most business people are looking for a New Company bank account opening in Dubai, UAE to protect their monetary assets. But sometimes it becomes tough to prepare the documents by yourself.
Then it’s time to consult with our consultants in Dubai, UAE they will help you to open a bank account in the UAE and also guide you through all the processes of opening a bank account in Dubai.
The process of opening a bank account in Dubai is stress stress-full task and includes a considerable value of documentation although needs are different from bank to bank. All norms banking services are provided by the Bank of Dubai such as savings, deposits, and current accounts.
Types of Bank Account Openings in Dubai, UAE
There are many types of bank accounts, that cater to residents and non-residents of the country.
A current account is perfect for transactions and transit formed regularly. Your current account provides a cheque book, which is good for giving rent cheques to your property owner.
Several people in the country open a savings account so that they can receive the most out of their amount. Savings accounts give greater rates of interest than current accounts but give limited access to amounts. They even can lead to fines for withdrawals. Savings accounts generally run on either a feasible or fixed rate of interest. Within a savings account, you can select which currency you would like to denominate your amounts in.
Basic Documents required for bank account opening in Dubai
The necessary documents required to open a bank account in Dubai are:
Services provided by Banks in Dubai:
Banks are financial institutions included in lending and borrowing money. Banks collect client deposits in return for paying an annum interest payment to customers. Banks play a crucial role in the economy providing services for those who want to save and also providing finance to business that wants to invest and expand. These business investments and loans are important to enable economic development.
Bank account opening in Dubai offers you an opportunity to receive a debit card and also a credit card. This is a convenient and classic instrument for any kind of transaction. The holder of a debit card can make any transaction by ATM, and also withdraw their money from the ATMs. There are some conditions to using debit cards that are directly based on the debit card types and banks in Dubai.
Using the cheque book is very common in Dubai’s modern financial system. It is convenient to use a cheque book for a bank account in Dubai and on the other hand, it is a secure method of payment for corporate and individuals. To obtain a cheque book for the company’s corporate account, the investor must be a resident of the United Arab Emirates.
Many people who are interested in Dubai bank accounts usually show their interest in the online banking system. open a bank account in Dubai, UAE online is a unique means of managing a bank account from any corner of the world. The online banking system of Dubai is attractive for companies that are willing to transfer funds from one account to another globally. Furthermore, it is very crucial to mention that the UAE’s online banking system is a highly secure way to conduct business transactions and save its customers from fraud.
How much does it cost to open a bank account in Dubai?
The cost for opening a bank account in Dubai in case you are an investor who wants to do so –
What truly shocking is that similar to the units of banks in other countries, local banks in the UAE do not collect any costs when opening a bank account in UAE.
There are many minimum monthly average balance classifications for local banks, and all local banks are needed to sustain a minimum monthly estimate balance.
Based on the bank you form an application for, this can range from AED 50k to AED 500k for domestic banks in UAE. 50,000 AED is the initial cost for Emirates NBD, for example.
In case you fail to maintain the needed minimum average monthly amount, you will be penalized with a monthly cost of AED 250.
Minimum salary to open a bank account in Dubai?
For a bank account opening in UAE, you need to find out the minimum salary requirement that banks require. The minimum salary for a bank account opening is different and based on the bank, although, this is generally approx. AED 3,000. This is vital to note that so many banks give new customers sign-up rewards along with other benefits in case they fulfill and are eligible for their account needs. To locate if your chosen bank has any deals, this is worthwhile to check with them.
Types of Banks in Dubai
Commercial banks – A commercial bank gives money for commercial activity, provides loans, and manages the accounts of people and companies.
Industrial banks – This kind of bank supports productive activities.
Investment banks – Investment banks are involved in the selling and purchasing of stocks.
Islamic banks – Islamic banks are becoming more influential now. This kind of bank means that business is to be done according to religious rules.
The Banks in UAE have extended their services to cater consumers wary of Islamic financial needs with Sharia’s banking services. There are 8 full-fledged Islamic banks and 23 Islamic windows formed by traditional banks in the country. As a whole, these units account for 19% of the overall banking sector wealth.
Advantages of Bank Account Opening in Dubai
Eligibility Criteria for Bank Account Opening in Dubai
Jurisdictions to Open a Bank Account In Dubai
Free Zone – Freezone company bank account opening in Dubai is a bit of a difficult task. But no need to worry as we are here to help you open a company bank account in Freezone.
Mainland – Mainland account helps business owners to track their costs and handle their funds. Our professionals help business owners in a mainland company bank account opening in Dubai.
Offshore – Offshore banks usually act in the same way as traditional banks but with flexibility. So, if you are wanting, then we will help you with an offshore company bank account opening in Dubai
If you are a foreigner and want to open a bank account in Dubai, UAE then there’s good news for them as our professionals provide bank account opening services to other nationalities as well that comprise – Afghanistan, India, Iran, Israel, Tajikistan, and a lot more, that you can find in our website. So, do not think twice, grab this amazing opportunity, and secure your bank account in Dubai with us.
How We helps you?
We will assist you and your company to establish a company and bank account opening in Dubai. Our professionals also help to prepare application forms for bank account opening and banker’s introduction and fixing appointments. We guide you through every step that we take in the process of opening a bank account in Dubai.
If you want to get help with bank account opening in Dubai, UAE then Our professionals will cover you properly. We understand our clients’ all requirements and we act according to your wishes.
We offers our customers a broad range of services about bank account opening in Dubai and maintaining all the processes. We have a team of qualified professionals, who can advise you of the bank that will complete your all business needs.
To open a savings bank account in Dubai, you may either visit the nearest branch of the bank of your choice or you can apply through internet banking as well.
Opening an SME bank account is simple but the paperwork seems daunting no need to worry, our professionals will help you to open an SME bank account in Dubai.
Yes, a foreign tourist can open a bank account in Dubai with the help of our professionals who will help you to open a bank account on your behalf.
To open a bank account in Dubai as a student, you have to get your Emirates ID. Provide your all information to us we will help you open a bank account on your behalf.
To open a bank account in Dubai non-residents, you just need to complete the KYC requirements and prepare all the documents. Our professionals will help you in the process efficiently.
This is not possible as according to UAE law, the application should be present physically in Dubai to confirm the bank account opening in Dubai process as the bank office ask some questions and witness your signature on the application.