Opening a Personal Bank Account in Dubai

World Company Setup's main activity is to support businesses and individuals who want to relocate to Dubai and successfully integrate into the local environment. Among the many issues we have already resolved for our clients, opening a personal bank account is particularly popular. This topic becomes even more relevant each year as many visitors face difficulties in this area. Let’s take a closer look at the process, from gathering the necessary documents to the opening procedures themselves.

Documents Required to Open a Personal Bank Account in Dubai

There is a standard list of documents for opening an account:

Original passport
Emirates ID - An identification card from the Government of the United Arab Emirates.
Residency visa - grants the right to reside in the country and also confirms residency in Dubai.
Local phone number. There are 4 main mobile operators in the country, the most popular of which are Du and Etisalat. It is possible to get a SIM card at any of their branches. It is important to check that the number is active and can be used for roaming.
Statement from a personal account – reflecting financial transactions for the last six months. It does not matter if it is from a Russian bank or a foreign bank.
Confirmation of address in the Emirates - serves as proof of residence.
Salary Certificate (for employees) – a certificate confirming the salary. If you have a different type of visa, you need any similar document that confirms your solvency.

This is not an exhaustive list. Each bank has its own requirements. For example, it may request that a minimum contribution be deposited into the account or that the bank's additional products – insurance/credit card – be registered.

Therefore, if you decide to apply to a financial institution, make sure you have prepared all the necessary documents.

Get Information on Opening a Corporate and Personal Bank Account in Dubai

Process of Opening a Dubai Bank Account and Popular Banks

To issue an account:

Choose a bank that accepts foreigners.
Provide a package of documents.
Wait for a response from the bank. The institution's specialists will first check the documents, accept the application, and then contact you.
Receive a bank card – this can be done on-site or ordered to your address.

The entire process usually takes from a few days to a few weeks.

Popular banking institutions for foreign citizens:

Emirates NBD.
FAB
RAK
Mashreq

The conditions and requirements of the banks differ, so check all the details on their official websites beforehand or contact their support services.

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Opening a Personal Bank Account in Dubai

Despite the complexity of the process, opening a corporate or personal bank account in Dubai is quite easy. If you have any specific questions, are experiencing difficulties, or do not want to waste your time on this procedure, please contact our company. We have sufficient experience in the Dubai jurisdiction to assist you in obtaining the necessary information and guiding you through the entire account opening process.