Bank Account Personal

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  • #5231

    How to open a personal bank account for a foreigner in UAE. Without having a residence visa?

    Answer- Some banks do open. However, they ask for a savings plan starting 1000 USD a month for 5 years. Transaction charges are AED 75 per transaction. Online access is provided. Documents required are – a. Six months bank statement b. Bank reference letter from a bank in the home country or elsewhere in English saying that conduct of the account is satisfactory c. Personal presence with own passport is needed at the time of signing the application.

    #5237

    Is this also the requirement to open a COmpany bank account?

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