​Opening a bank account in UAE

On 1 July 2014 the OECD released the full version of the standard for

the automatic exchange of financial information. It was approved by the finance ministers and Central Bank

heads of G20 in September, 2014. More than 65 countries and jurisdictions have signed this standard and another 40 will join the system in 2017.

Banks, credit unions, investment funds, offshore jurisdictions will be required to disclose information constituting bank secrecy about their both corporate and private customers (account information, deposits, loans and securities available physical and legal entities).


Can I protect information constituting bank secrecy?

Out of this situation is - opening a bank account and use it for financial transactions in the country, which the banks are not required to provide tax authorities with information constituting bank secrecy. First of all, opening accounts in the UAE banks will protect the information on the operations of the company and its owner (individual account), thanks to the policy of financial institutions of Arab Emirates (UAE has not yet been included in the "black list" of FATF and did not sign the OECD standard).

Until recently, especially popular Swiss, Austrian and other European banks. But taking attention into automatic exchange of financial information (Switzerland agreed to join the exchange of tax information with other countries despite the fact that the reform of the taxation cost of 2 billion francs)

OPENING (PERSONAL) ACCOUNT FOR INDIVIDUALS:

Opening a bank account in UAE is quite simple and cheap!!!


To open a personal account (in three currencies - the euro, the dollar, and dirham) need to submit the following documents:

- The personal presence of the applicant's account in a bank, at the signing of documents for registration in the relevant bank account

- The applicant's passport (in the case of residence in the UAE must always be affixed visa for UAE) to remove the copies in the presence of a representative of the bank. If the applicant has arrived in the UAE to open an account and is not a resident of the United Arab Emirates, one of the requirements is to provide a copy of the page of the passport with the stamp of the applicant's arrival in the UAE.

- Applicant's E-Statement of pre-existing account with any other bank (for the previous 6 months) with an indication of the applicant's residential address in English.

- NOC Certificate from the applicant's workplace with the obligatory indication of it the amount of wages and positions

- If the applicant is the owner of the company, shall provide documents to prove incoming profits.

- If the applicant had a work visa, you need a letter of no objection of the employer to open an account. (NOC)

Account in the Bank of the United Arab Emirates cannot belong to a resident of the United Arab Emirates, but in this case does not provide the possibility of obtaining a checkbook for the account holder. Except for these restrictions to a bank account is not a resident of the United Arab Emirates does not differ from that account to the resident. Checkbook Bank of the United Arab Emirates had a huge spread, by means of calculations it is convenient and reliable way to carry out financial transactions. The holder of the checkbook in Dubai and other Emirates can be both private and legal persons.


OPENING BANK ACCOUNT FOR LEGAL ENTITY (COMPANY)

In order to open a bank account need the following documents:

- Copy of the passport of the owner (all owners if more than one)

- A copy of an official identification document on the territory of the United Arab Emirates - Emirates ID (if the owner has a residence permit in the UAE)

- Passport copy of the director (if applicable)

- A complete package of company registration documents

- Power of attorney (if necessary)

- Applicant's E-Statement of pre-existing account with any other bank (for the previous 6 months)

- Certificate of employment of the owner (owners) of the company with an indication of the amount of wages

- A certificate of residence


IT IS IMPORTANT TO KNOW:

In the UAE, the company can have only one license (several options) and one office (the area which is defined by the owner of the company, depending on the required number of work visas him for the operation of the company) and one bank account (which is open to the company license). You can open multiple accounts on this license in the UAE or other banks outside the territory of the UAE. If you want to register a company in the UAE, which would have more than one license, you need to have a license for each office.

DOCUMENTS FOR BANK ACCOUNT OPENING FOR OFFSHORE COMPANY:

- Memorandum of the company

- Registration certificate

- Passport copy of holder (s) of the company

- Copy of the passport pages of the arrival in the UAE (can be done upon arrival for signing final paper)

- Applicant's E-Statement of pre-existing account with any other bank (for the previous 6 months) with an indication of the applicant's residential address in English.

- A certificate of residence (notarized English translation)

- Certificate of employment of the owner of an offshore company, with an indication of the amount of salaries and positions


Opening a bank account in UAE is impossible without your presence - PERSONAL PRESENCE OF THE CUSTOMER IS A MUST!

Opening a bank account in Dubai provides access to the account management via Internet Banking. Online UAE banking systems provide a huge range of operations, allow you to make as an online payments and money transfers to other accounts of various banks.

Online UAE banking system characterized by the highest degree of user protection against online fraud. One of the main advantages - is account control from anywhere in the world.

Local banks are does not open accounts for legal entities that are not registered in the UAE.

UAE BANKS - GUARANTEE THE RELIABILITY OF YOUR BUSINESS!


Advantages of opening a bank account in the UAE:

- Non-disclosure of information about account holders

- The reliability of the UAE's financial system

- Low cost of payment in any currency transactions

- UAE banks included in the top 100 world banks

- Free entry and withdrawal of capital


Opening a bank account in the UAE:

Open an account in the UAE bank is not only prestigious and advantageous, but also not very hard. It gives a lot of opportunities to expand your business and banking at the highest international standards. If you use the services of a qualified firm, you can quickly get a score in one of the UAE banks, it is not necessary to change the place of residence.

To open quickly and correctly an account in the UAE banks, it is best to take advantage of the support specialists. We offer to open an account for an individual and for companies registered in the UAE. Our prices and competence of employees - will be pleasantly surprise you. We will help in any situation, as well acquainted with the peculiarities of the banking system in the UAE.

In the UAE, local authorities welcomed the finding only the top 100 world-known banks. UAE banks have proven themselves in the world market as a stable financial tool developed service system throughout the world. Formally, the restrictions on opening accounts for individuals or entities do not exist, but there are peculiarities. Adulthood comes to the UAE 21 years, so the person who drives the account must be at least 21 years.

To open a bank account in UAE need to pass a series of relatively simple procedures: signing of bank forms, obtaining approval for opening an account, obtain customer account numbers and account management codes.

Our company knows how to open a bank account in Dubai with minimal cost and personal customer time. If you are interested in quality and prompt service of our experts, please contact us in any convenient way for you.

Возникли вопросы? Будем рады ответить на них

  • Позвонить по телефону
    +971(56) 577-8970
  • Написать письмо
  • Звонок через Skype
    BisaFZE-UAE
  • Написать в WhatsApp
    +971(56) 577-8970