UAE offers extensive banking options and state of the art banking environment to its residents. Opening a bank account in Dubai, U.A.E is hassle free and instant. It varies under different circumstances for sure but in most of the cases the process is very simple and straight forward. Being one the global economic destinations UAE offers immense benefits and pros to its residents in banking sector.
There are a lot of benefits one can avail via banks in U.A.E most prominent benefits are:
1. Easy Personal Financing options
2. Fast & Hassle Free Auto Loans
3. Mortgage Facilities
4. Saving Accounts
Applying as an Employee:
If you are already working in Dubai or any state of UAE, opening a bank account is very simple and convenient. It will require you to attain the copy of your appointment letter, copy of passport, salary slip and copy of your Emirates ID. For foreign residents it is highly recommended to attain additional services like internet or mobile banking as the harsh climatic conditions may not be a pleasant experience for you to queue in ATM lines.
Applying as a business owner:
If you own a business in UAE, LLC or FZC banking terms are completely different as compared to applying as an salaried individual. Opening a bank account for LLC require License certificate along with partnership deed and must attain minimal balance limit. Some extensive documentation may be required at the time of application. If you own a FZC company it is must for you to initiate bank account with minimum balance of atleast AED 10,000 some banks may demand AED 20,000