Bank Account Opening

Bank Account Opening in Dubai, UAE

When moving to a new country, one of the most fundamental things people need is safe access to financial management. In the UAE, having a bank account is crucial for managing personal and business transactions efficiently.

Dubai boasts the presence of various prominent local and international banks, offering individuals the opportunity to open an account based on their preferences. Banking institutions in the UAE can be divided into two types: local financial institutions and international branches of foreign banks. However, when international branches such as CITI Bank or Bank of Baroda request something, clients may not be aware of the requirements, which can make the bank account opening process quite complex.

This is where Infolinks Business Consultants comes in to help our clients. We provide guidance on the regional banking system and assist in selecting the appropriate banking institute and account type that best fits their requirements. Our experts offer professional support throughout the process to ensure a hassle-free experience for our clients.

Types of Bank Accounts in UAE

Personal Savings Account for UAE Residents

Personal current account for UAE residents

Personal account on demand for non-residents of UAE

Personal escrow account for non-residents of the UAE

Corporate account for a company in the free zone of the UAE

Corporate account for LLC UAE

Account for the offshore in the Emirates

Account for Onshore in the Emirates

Empower Your Business in Dubai, UAE

Open a Business Bank Account Today and Experience Streamlined Financial Management!

Frequently Asked Questions About Bank Account Opening in Dubai

Who Can Open a Bank Account in the UAE?

The UAE is renowned for its flexibility and ease of doing business, making it a top destination for foreign citizens. With local citizens making up only 15% of the population, anyone can open a bank account in the UAE as long as they follow the proper procedures and adhere to regulations. Even when you do not have a long-term plan for staying in the country you can still open a non-resident bank account in Dubai with the help of Infolinks Business Consultants. However, opening a bank account from outside the country might not always be possible and easy.

Infolinks Business Setup Consultants in Dubai offers complete assistance to all our clients for bank account opening, regardless of the type of account they need. Our team of experts provides guidance in identifying the necessary documents required for account opening and assists with smooth processing to ensure that the account is opened without any complications.

We understand that opening a bank account in a new country can be overwhelming, but with Infolinks’ support, our clients can have peace of mind knowing that they have a reliable team of professionals by their side. Our goal is to make the process as seamless as possible for our clients so that they can focus on their business and personal needs.

How long does it take to open a bank account in Dubai, UAE?

The account opening process in Dubai can vary depending on the bank and the applicant’s status (resident or non-resident). For residents, the process can be relatively quick, taking anywhere from a few hours to a few days. For non-residents, the process may take longer, usually between one to two weeks, due to additional documentation and verification requirements.

Can non-residents open a bank account in Dubai, and what is the process?

Yes, non-residents can open a bank account in Dubai. The account opening process for residents is much simpler than that for non-residents and residents can walk out of a bank with an account. However, for non-residents, the process can get a bit complex. By partnering with Infolink business set-up consultants in Dubai you can make the process simple and recommend suitable banking options.

By providing the required documents:

Valid Passport
An original copy of the Bank reference letter
An updated curriculum vitae (CV)
A letter of employment

What documents are required to open a business bank account in Dubai, UAE?

Opening a business bank account in Dubai typically requires the following documents:

Company registration documents, such as a trade license or incorporation certificate
Memorandum and Articles of Association
Share certificates
Passport copies and Emirates IDs of shareholders and authorized signatories
Board resolution authorizing the opening of the account

Note that banks may have additional requirements depending on the nature of the business.

What documents are required to open a bank account in Dubai, UAE?

To open a bank account in Dubai, you will typically need the following documents:

A valid passport with a UAE residence visa (for residents)
Emirates ID (for residents)
Proof of address, such as a utility bill or rental agreement
A salary certificate or employment contract (for personal accounts)
Company registration documents (for business accounts)
Bank reference letter and/or updated CV (for non-residents)

What types of bank accounts are available for individuals and businesses in Dubai?

In Dubai, both individuals and businesses can choose from various types of bank accounts, including:

Current accounts for everyday transactions
Savings accounts for earning interest on deposits
Fixed deposit accounts for higher interest rates over a fixed term
Joint accounts for multiple account holders
Corporate accounts for managing business finances

How can Infolinks Business Consultants assist in simplifying the bank account opening process in Dubai?

Infolinks Business Consultants provide expert guidance on the regional banking system and help clients select the appropriate banking institution and account type based on their requirements. Our consultants offer professional support throughout the account opening process, ensuring a hassle-free experience by assisting with document preparation, submission, and follow-up with the bank.

Our Testimonials

We Love Our Clients & They Love Us Too

Sunil D'souza

Very professional organization. Mr Uvais was very helpful and cooperative. They know the rules, exact documents needed. Got my Visa done within days. Great customer service and very trust worthy team.

Santosh Subramoniam

They handle everything end to end very professionally and efficiently and provides the right advice and guidance. My GV request was handled by Mr.Shan , who was thoroughly efficient, keeps you updated regularly and never misses a call even beyond working time. Mr. Ufais was also available all the time to provide guidance and collectively they work as a great team. A big thanks to them for efficiently handling my request

senthilkumar tiger

I took golden visa service from infolink Dubai , and the executive SCARLET guided me very well and the job it done in very fast than committed time with me .I am very happy about scarlet professional and prompt service.Definateky I will share & Recommend to my colleagues.

Belinda Pereira

I was dealing with Shan and I got excellent service. Really appreciate him answering all my questions whenever I had any doubts. Amazing people to work with and handle my visa processing.

Get In Touch!

Contact us for Bank Account Opening

Infolinks is the professional Business Consulting Company in Dubai UAE. For more detail contact us…

+971 56101 1010

info@infolinksdubai.ae

Office #4814, Aspin Commercial Tower, Sheikh Zayed Road, Dubai - UAE

Fikree Building , Office 33, Near Al Ghubaiba Bus Station , Bur Dubai , Dubai - UAE

Monday to Saturday 9 AM to 6 PM