Dubai is an amazing place in the UAE. This place attracts many tourists and provides everything for the needs of the people. Dubai offers many opportunities for their tourists to make them feel at home.
Are you planning to move to the United Arab Emirates for work purposes or set up your business to invest in? The Bank Account Opening in Dubai will be crucial to navigating the relocation being a part of life. There are many factors when you commit to banking. What factors do you need to consider when choosing the right bank for you? There are several branches, and you get benefits of savings. You need to submit your income requirements, extensive documentation, and other common criteria. Here are some details you need to manage the process to find the right bank for your investment.
Can Foreigners Open a Bank Account in the UAE?
There are many pathways for foreigners to open their bank account in the UAE. The short answer is yes, but which bank is critical and what type of account do you want to open. It is your residency status in the UAE. The first requirement of banks is that you present your passport with the no-objection letter. The second requirement is to have residency to open an international Bank Account for Non Residents in Dubai.
The Requirement to Open a Bank Account in the UAE
As mentioned above, different banks will require other documents, along with your requirement of a passport and no-objection letter. These can be included in your visa if you arrive in the UAE. You need a document that states your employer, your salary, and proof of address in the form of the utility bill. Banks can also request a letter of recommendation from another bank.
Requirements to Open the Bank Account as a Non-Resident
You would expect to register yourself for a bank account with non-residents, whether for your business or yourself. Here are some important things you need to stay aware of. Want to open a personal bank account in the UAE as a Non-resident? The following documents are mandatory.
- Copy of your passport.
- An original copy of the bank account with the reference letter and your country of origin's personal/corporate account.
- An updated CV (Curriculum Vitae).
- Original copy of the last six months of the personal bank statements from anywhere globally.
The Bottom Line
Quickstep is one of the top leading business setup consultants in Dubai. They are always updated with the latest UAE government laws. You are at the right online platform to start your dream business. The holistic approach covers the end-to-end business services to provide a one-stop destination to all businesses. They also provide services for Accounting and Bookkeeping in Dubai.
