UAE Bank Account Requirements
Dubai bank account requirements to open the account depend on:
· The type of the account – private or corporate.
· If you have residency visa in Dubai or not.
· On the additional specific requirements bank may have.
List of banks in Dubai, UAE
The list of the banks includes local as well as international banks in Dubai, UAE as well as other Emirates of UAE.
Abu Dhabi Commercial Bank
Abu Dhabi Islamic Bank
Ajman Bank
Al Ahli Bank of Kuwait
Al Hilal Bank
Al Khaliji (France) S. A.
Al Masraf
Arab African International Bank
Arab Bank PLC
Arab Emirates Investment Bank
Bank Meli Iran
Bank of Baroda
Bank of Sharjah
Bank Saderat Iran
Barclays
Blom Bank France
BNP Paribas
Citibank
Commercial Bank International
Commercial Bank of Dubai
Credit Agricole - Corporate and Investment Bank
How to close bank account in Dubai, UAE
The Government of the UAE has developed a well-thought-out national legislation that is favourable for both natural persons and legal entities, and the Dubai banking law is not an exception. The locally applicable law provides the minimum requirements for closing bank accounts.
In this overview, we would like to present the detailed information on how to close a bank account in Dubai, the UAE.
General Information on the applicable procedure
Requirements for opening a bank account in the United Arab Emirates
Opening a bank account is considered to be an important stage of setting up a company and starting a business. This task requires a thorough approach as you can make your bank account to be an efficient financial tool.
The UAE Banking Law and the Dubai regulations provide for the straightforward and clear procedure of opening bank accounts. The applicable rules are designed to eliminate possible difficulties and the associated red tape.
According to the up-to-date regulations, personal presence is the obligatory requirement for foreign citizens when opening personal accounts. Otherwise, the specialized compliance department would reject account application.
Requirements for opening a bank account in the United Arab Emirates › Read more
Student bank account in UAE
The United Arab Emirates is the fast developing country that enjoys the world’s highest standards of living. Today, a young Arab nation offers the most favourable conditions for both living and carrying on business, educational and other activities.
In this overview, we would like to provide the most significant and actual information on the current financial opportunities for students. In particularly, we will dwell on the features of opening a student bank account in the UAE.
Today, the United Arab Emirates is turning into one of the world’s major educational hubs. Both local and international students have the opportunity to get a superior education in the leading educational institutions of the UAE. Besides, the Government of the UAE and the Ministry of Education offer the continuously developing system of educational and related services.
