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Banking in UAE

UAE

Banking in UAE

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Banking in the UAE

 

Setting up a bank account in UAE is a little more tedious than it is in, say, European countries. There are many formalities, including much paperwork.

You cannot open an account without a UAE residency permit. You may be asked for your tenancy agreement to prove your address. Most banks will also ask for a photocopy of your passport. It is recommended that you take copies of all these documents, as well as identity photographs.

There are cash machines across the Emirate and internet banking is available. Banking hours are usually 0800 - 1200, Saturday to Thursday.

Click here to Ask an Expert about Banking in UAE

Organisations that can assist with Banking

  • > Sovereign Group

    Sovereign offers a range of advisory and support services to assist companies of all sizes to establish successful business operations in foreign markets.

    More Details Visit Website
  • > Need to open a bank account in this country?

    Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.

    More Details Visit Website
  • > Charterhouse Lombard Ltd

    Company formation in Dubai is not a straightforward task. Despite this, Dubai has a unique set of appealing features that attract entrepreneurs and established businesses alike, to make Dubai a base for their operations

    More Details Visit Website

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