How to open a personal bank account in UAE?

In today’s world, we need banking services for every transaction. As a financial centre, UAE offers quick and easy bank account opening in popular banks. UAE has turned out to be a robust banking sector with approximately 50 foreign and local banks in the country. As per the rating, UAE banks are classified stable due to resilient capital levels and liquidity buffers. Here, business setup companies like NHBC help you choose the perfect banking partner.

Why do you need a personal bank account in UAE?

UAE is well known for its secure and stable banking system. Therefore, opening a personal or non-resident banking account gives you a lot of benefits including,

? Reliability and safety

UAE banking system is highly regulated and provides a secure environment to its users.

? World-wide access

Since these banks are technically well-organized, you have number of ways to access your account over reliable internet or telephone banking

? Round the clock service

Most UAE banks provide round the clock support to its users.

? Vivid options

UAE has a wide range of banks providing current, savings, and offshore banking solutions. Therefore, you always get the best banking solution.

How to open your personal bank account in Dubai?

There are two possibilities to open your personal bank account,

The first step is to make a thorough research and contact banks that meet your individual needs. Then, you can proceed with the current or savings bank account opening. However, it’s a time consuming process where you have to visit the bank more than once.

? The second option is to connect with one of the best business setup consultants in Dubai like NHBC. Being experts, we have worked with different banks and analyze all the particulars that simplify your account opening procedure. Moreover, you have the advantage the opening your bank accounts with minimum efforts and you have to spend just one day for it.

Documents required - opening your personal bank account in Dubai As a resident, there are some basic requirements to open your bank account in Dubai. The documents include,

? Original passport along with its copy

? Copy of your visa

? Salary certificate

? Few banks ask for the Emirates ID.

However, you can provide it later when you have received it. On the other hand, they may ask for the copy of Emirates ID registration form. Non-residents are limited to open a savings account whereas the bank won’t issue a checkbook. Instead, users will get a debit card to withdraw their money. Additionally, non residents have a limit on their minimum and maximum balance. Here, banks are forced to run a background check before you open an account.

In certain cases, non-residents have to submit the following documents,

? Reference from the bank where you have existing account

? Past six months bank statement

? Source of incoming funds

? Latest bill like water, electricity, etc that indicate your residential address

Open your bank account with NHBC

NHBC is a leading business setup consultant in Dubai, UAE. We leverage years of expertise in business setup services. We help you in opening all types of personal or corporate bank accounts in Dubai, UAE. With strong connections in top UAE banks, we satisfy all the banking requirements of our clients.

NHBC will help you throughout the process providing complete bank account services in