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Non-Resident Bank Account Dubai

Non-Resident Bank Account Dubai

IBM Global makes opening a non resident bank Account in Dubai or UAE very simple and uncomplicated. Easily manage your day-to-day financial transactions.

Businesses as well as individuals can open non-resident bank accounts in the UAE. However, if you need to open a corporate bank account in dubai you need to set up a business in Dubai or any other emirate in UAE. On the other hand, a personal account can be opened under a personal name of an individual.

In order to open a personal bank account, you need to visit UAE, and submit an application for account opening to the bank concerned.

non resident bank account dubai
Non resident Personal bank account dubai

Requirements for Opening a Non-Resident Bank Account in Dubai

In order to apply for a bank account as a non-resident, you have to visit the UAE bank of your choice with the following set of personal documents:

  • Your original passport
  • Proof of address - a utility bill or a confirmation of your address by a city council or municipality
  • Personal bank statements for the past 3-6 months – as a proof of funds
  • CV outlining your personal and professional background

Our team of banking experts will review these documents and will arrange a meeting with banker for you to sign on the application forms. Usually, it takes 1-2 weeks to open an account, but the time frame varies from bank to bank. Once the bank approves your account, the bank will send you a formal email with your account details and online banking instructions.

non resident bank account dubai

Benefits of Non-Resident Personal Bank Account

Having a non-resident account enables you to have the following facilities:

  • Online banking
  • Debit card

A non-resident bank account in UAE is helpful in the following cases

  • you come from a country where there are restrictions on international transfers
  • you are not allowed to operate in a foreign currency from your country
  • your country’s banking system is not reliable
  • you intend to receive income and make long-term savings with interest

Frequently Asked Questions (FAQ's)