Bank account in the Emirates

Year by year the Emirates are becoming a more and more appealing country for life, work and business. And if you want to settle here, the first thing you’ll need is to open a bank account in the UAE.

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Year by year the Emirates are becoming a more and more appealing country for life, work and business. And if you want to settle here, the first thing you’ll need is to open a bank account in the UAE.

17.02.2025

Why do you need a UAE bank account?

How can a non-resident open an account in Dubai?

Commercial opportunities. Opening a bank account in the UAE is the first step in organizing the financial side of your business, allowing you to conduct cashless transactions, receive international payments, and cover local expenses.
Payment convenience. Having a bank account in the UAE greatly simplifies the day-to-day as it makes paying the bills and rent, as well as shopping very easy.
Access to the credit products. Having an operating account in the local bank significantly improves your chances of getting a loan or a credit card.

Is it possible to open a current account for business in Dubai quickly?

1.Documents:

Passport and copy of your visa.
Proof of home address, such as a utility bill or a lease agreement.
Letter from your employer (if applicable) or your company’s constituent documents (for business owners).

2.Minimum balance. Some banks can require you to provide a minimum deposit for opening their account.
3.Commissions and fees. Before choosing a bank, it is wise to research all potential fees associated with the account, as well as the terms of service.
4.Types of accounts. There are several types of bank accounts in the Emirates: current, savings, corporate, etc. You should determine which type suits your needs and goals best.

What is needed to open a current account in the UAE?

Choose a bank that best suits your needs based on its terms, loyalty programs, and other offers.
Prepare all required documents, ensuring they are up to date and error-free.
Submit an application for the account to the chosen bank, which could be done through either a bank branch or an online system.
Wait for the decision which can take from one to several days. Once your documents pass verification, the bank will open your current account and provide you with its details.
After your account is opened, you also receive a debit card for payments.

If you’re looking to open a current account in the Emirates as soon as possible, whether for business, savings or personal needs, we at StableGrowz are happy to assist. We’ll provide you with all the necessary information and help to make this process as simple and convenient as possible.