Opening bank accounts in Dubai, UAE

The banking system of the UAE is one of the leading in the world, offering impeccable customer service, attractive conditions for loans and mortgages, as well as economic stability.

Banks in Dubai have an excellent reputation, and such a high level of banking has become possible thanks to the effective economic policy of the government and the Central Bank of the United Arab Emirates.

As a result, entrepreneurs, foreign investors, and expatriates planning to relocate to Dubai often open personal or corporate bank accounts here.

Our company can help you open a bank account in Dubai as well as provide detailed advice on the specifics of various banks and choosing the most suitable institution per your goals.

Advantages of Dubai Banks

Local banks and branches of international banks in the UAE adhere to stricter standards than in other countries. This applies not only to a high level of service but also to bank account management and customer requirements.

Dubai banks offer several advantages:

confidentiality for every client,
a wide range of money input and output options,
numerous offices and convenient online banking,
low fees for services and operating costs,
high level of security, reliability, and stability of the national currency,
multi-currency accounts.

Types of Banks in Dubai

Commercial banks serve individuals and legal entities, offering personal and corporate accounts, as well as providing loans and mortgages.
Industrial banks focus on servicing companies and enterprises, offering loans for starting and running a business.
Investment banks specialize in the purchase and sale of shares.
Islamic banks operate by the principles of Sharia.

Opening a Bank Account

Opening a bank account in Dubai can be a challenging process for foreign citizens unfamiliar with local banking regulations. If you don’t want to waste time studying local banking standards or don’t know what bank to choose, our specialists are ready to help you out.

Bank Accounts for Non-Residents

Non-residents can open a bank account with some limitations. Usually, banks allow non-residents to open savings accounts. To do this, you will need to provide certain documents and pass an identity check.

Upon successful verification, the bank will issue a credit card, and the client can obtain a debit card by making a deposit. Deposit requirements vary among different banks. The minimum balance is generally at least 3,000 AED.

Bank Accounts for Residents

UAE residents enjoy various advantages when opening a bank account, including access to Internet banking, debit/credit cards, and checkbook usage.

To open a bank account, you must provide a copy of your passport with a note on entry into the UAE, an original and a copy of a valid visa, documents confirming current income, a letter of no objection from an employer or sponsor, a document confirming the residential address, as well as your Emirates ID.

Each bank may have additional requirements such as a reference letter from another bank, a bank statement for the last six months, or a CV detailing your business experience.

Corporate Bank Account

To open a corporate bank account in Dubai, you can either establish an offshore company in a free economic zone with a commercial account or an offshore company in the UAE with an account.

To open a commercial bank account, you must provide a copy of the CEO’s passport, copies of shareholders’ passports, copies of Emirates ID for the UAE residents, the company’s charter and memorandum, constituent documents of a legal entity, an extract from a corporate account or a reference letter from another bank, a summary of the business experience of the company’s owners, as well as company ownership documents and info on its structure and activities.

Opening a Bank Account Quickly

Our expert team has extensive experience in opening bank accounts in Dubai and is ready to provide support at every stage of the process.

We collect and verify all documents to ensure that they fully comply with banking requirements, offer detailed advice on various banks, and can help select the most suitable option based on your goals.

Having comprehensive knowledge about the particulars of personal and corporate bank accounts, we are ready to answer any questions you may have. Just leave us a message or call!

Registration services

Service	Cost by zone				Notes
	LLC	DMCC	DAFZA	Meydan
Mainland company registration	from 35,000 AED	from 48,000 AED	from 48,000 AED	from 36,000 AED	If there are co-founding partners, an additional amount of 7,000 AED is paid for each of them.
Registration in the free economic zone	from 35,000 AED	from 48,000 AED	from 48,000 AED	from 36,000 AED	If there are co-founding partners, an additional amount of 7,000 AED is paid for each of them.
Liquidation of the company	from 8,000 AED	from 8,000 AED	from 8,000 AED	from 8,000 AED	The client must provide a FINAL BILL (a document confirming the repayment of all debts)

Legal services

Service	Cost
Legal support of the company	550 AED/hour
Legal advice	550 AED/hour
Representation of the client’s interests in state bodies	price on request
Checking existing contracts and drafting new ones	price on request
Assistance in making deals	1-2% of the transaction amount
Trademark registration	1,200 AED

Accounting services

Service	Cost
Accounting support of the company	550 AED/hour
Accounting and tax consulting	550 AED/hour
One-time accounting services	price on request

Administrative services

Service	Cost
Opening bank accounts in the UAE	price on request
Document legalization	price on request

Visa services

Type of visa	Cost	Notes
Visa for 2 years	14,400 AED	Based on the ownership of real estate worth from 750,000 AED
Visa for 10 years	14 400 AED	Based on the ownership of real estate worth from 2 000 000 AED
Visas for investor’s relatives	9,000 — 10,000 AED	For each visa
Express service	1,000 AED
These prices include: police approval, medical test and registration of a resident card (Emirates ID). When registering a company, a 2-year visa is already included in the price.