Requirements to Open a Bank Account in UAE

If you’ve just moved to the UAE then you’ve probably already hit the beach, walked a few malls and sampled the souqs. But soon, reality will undoubtedly bite and you will need to open a bank account.

In countries like the UAE, there are many tasks such as renting an apartment that requires you to pay upfront for which you will need a bank account.

There are three types of banking systems in the UAE, and all of them work under the Central Bank of UAE. Every bank requires different documentation for opening an account.

Given below is a list of some documents that are most commonly required by the banks to open an account.

1. Original Passport with about a minimum three months expiry date
2. Copy of your visa page (a valid residency visa)
3. A salary certificate (NOC) from employer or sponsor.
4. An original Emirates ID card. The documents required to apply for an Emirates ID card are as follows:
5. A precisely filled application form
6. Original passport
7. A biometric scan at a service center
8. UAE visa page

Non-Resident account

Most banks in the UAE allow non-residents to open only a Savings Account and not a Current Account. So you won’t be able to ask for a checkbook however, you will be given a debit card to withdraw money. As a non-resident, you will be subject to a minimum and/or maximum balance. It is possible that a bank will decide to run background checks before allowing you to open a bank account.

Opening a bank account in any of the banks in the UAE does require some paperwork and attention. As one of the best Management Consulting and Corporate services firm in UAE, Innovative Zone can assist with opening bank account in UAE.