Residence Or Non-Residence Account Opening

Do You Wish To Open A Residence Or Non-Residence Account In Dubai?

The experts at Mighty Finance make residence or non-residence account procedures a piece of cake for companies, investors, or individuals. Additionally, we assist you in preparing bank account opening application forms, introducing bankers, and fixing appointments with them. Be free to get in touch with us to enjoy hassle-free transactions in Dubai through your new account. 

What All You Need To Open A Residence Or Non-Residence Personal Bank Account In Dubai? 

Both residents and non-residents in Dubai are eligible to open a personal bank account (used for non-business purposes). However, the conditions to open a non-resident account in Dubai might be different from that of the resident one. For instance, Dubai UAE banks let non-residents open only a Savings account and not a Current account. Besides that, non-residents do not get the cheque book facilities and get debit cards for withdrawing money. Also, you will be subjected to a minimum and/or maximum balance if you are a non-resident. 

Here are a few more conditions & requirements for opening a personal bank account for Dubai non-residents: 

1. The presence of the applicant is mandatory in Dubai/UAE
2. Passport copy with UAE entry page
3. Profile of the applicant (CV)
4. Original bank reference letter from the personal / company bank account of the applicant from the country of origin or anywhere in the world (this need may vary from bank to bank)
5. Original personal bank statement of the last six months from the country of origin or anywhere in the world. (If the applicant has only company account/or ownership of the company outside or inside UAE, then latest six-month bank statement and also give the legal documents from the company proofing his ownership or share)
6. Most of the banks in Dubai / UAE need a monthly average balance to open a non-resident personal account in Dubai / UAE and this condition might change depending on the bank.