Dubai, the bustling metropolis known for its towering skyscrapers, luxurious lifestyle, and vibrant economy, has emerged as a global financial hub. With its strategic location, favorable business environment, and tax-free status, Dubai attracts entrepreneurs, investors, and expatriates from around the world. If you’re considering banking in Dubai as a non-resident, you’re tapping into a dynamic financial landscape that offers a range of opportunities. However, navigating the process of opening a bank account as a non-resident can be complex. Here’s a comprehensive guide to help you through the process:

Understand the Requirements:

Before diving into the process of opening a bank account in Dubai, it’s essential to understand the requirements. As a non-resident, you’ll need to provide specific documentation to comply with local regulations. Generally, the following documents are required:

  • Passport: A valid passport with at least six months’ validity.
  • Residence Visa (if applicable): Some banks may require a residence visa, depending on your nationality and the bank’s policies.
  • Proof of Address: Utility bills or rental agreements from your home country or another jurisdiction may be required.
  • Proof of Income: Bank statements or employment documents demonstrating a stable source of income.
  • Reference Letter: Some banks may ask for a reference letter from your current bank or a reputable institution.

Choose the Right Bank

Dubai is home to numerous local and international banks, each offering a variety of services tailored to different needs. Research and compare banks based on factors such as fees, services offered, reputation, and accessibility. Some popular choices for non-residents include Emirates NBD, HSBC, Standard Chartered, and Dubai Islamic Bank.

Decide on the Type of Account

Banks in Dubai offer various types of accounts catering to different requirements, including savings accounts, current accounts, and offshore accounts. Consider your banking needs, whether it’s for personal use, business transactions, investment purposes, or wealth management, and choose the account type accordingly.

Initiate the Application Process

Once you’ve selected a bank and gathered the necessary documentation, you can initiate the application process. Depending on the bank’s policies, you may be able to apply online or need to visit a branch in person. Complete the application form accurately and submit the required documents.

Fulfill Regulatory Requirements

As part of the regulatory requirements, banks in Dubai adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. Be prepared to undergo identity verification processes, which may include biometric verification, in-person interviews, and providing additional information if requested by the bank.

Maintain the Minimum Balance

Many banks in Dubai require non-resident account holders to maintain a minimum balance in their accounts. Ensure that you understand the minimum balance requirements and adhere to them to avoid incurring fees or account closure.

Consider Additional Services

Apart from basic banking services, many banks in Dubai offer a range of additional services such as investment opportunities, wealth management, insurance, and foreign exchange services. Assess your financial goals and explore the supplementary services offered by the bank to optimize your banking experience.

Stay Informed

Keep yourself updated with the latest developments in banking regulations and compliance requirements in Dubai. Changes in regulations may impact your banking experience, so staying informed will help you navigate any updates smoothly.

Opening a bank account in Dubai as a non-resident offers access to a sophisticated financial infrastructure and a range of banking services tailored to diverse needs. By understanding the requirements, choosing the right bank, and following the necessary procedures, you can establish a solid financial foothold in this dynamic city. Whether you’re a business owner, investor, or expatriate, banking in Dubai can provide you with the tools and resources to manage your finances effectively and seize new opportunities in one of the world’s most dynamic economies.

If you’re in the midst of planning your relocation to the UAE or haven’t secured a residency visa yet, there are several avenues worth exploring, especially since even tourists can initiate the process of opening a bank account in the UAE.

For non-residents who are soon to visit Dubai, the opportunity to open a savings bank account is available from anywhere in the world. While the procedure resembles that of opening any bank account, meeting specific requirements and submitting requisite documents is essential.

Documents Needed for Non-residents:

  • Recent utility bills transcript
  • Most recent Bank Account statement
  • Letter of recommendation from the applicant’s bank
  • Incoming fund Information
  • A brief CV
  • A valid passport and its copy

Bank account in Dubai Typically, opening a bank account takes around 2 working days, though it may extend to a couple of weeks. Account details are usually sent via email or SMS to the registered email address or mobile number. The subsequent procedures may vary from one bank to another.

It’s common knowledge that most banks stipulate a minimum balance for opening a business or personal bank account. Failure to maintain this minimum balance may incur a penalty of AED 25 as set by the Central Bank of the United Arab Emirates (UAE). Nevertheless, several UAE bank accounts now waive this requirement for a minimum salary or balance.

Opening a new bank account has become streamlined, with minimal paperwork or branch visits. For instance, DIB Bank facilitates an effortless and secure online account opening process through their alt mobile platform.

To further simplify matters, banks now allow you to open an online bank account in the UAE with zero balance. The process is straightforward:

  1. Visit the online portal of your chosen bank.
  2. Select the type of account required.
  3. Complete the application.
  4. Provide the necessary documents.
  5. Submit the application and documents.
  6. Await approval.

Here is a curated list of accounts offering zero balance or no minimum salary requirement in the UAE:

  • Al Hilal saving account
  • First Abu Dhabi Bank iSave account
  • RAK Bank Fast Saver Online account
  • Mashreq Happiness account
  • Emirates NBD Liv. Account

A corporate bank account, essential for business operations, allows you to receive payments from customers and make business-related transactions. To acquire a corporate bank account, you need to furnish detailed information and documentation:

  • Residency visa of shareholders
  • Copies of shareholders’ passports
  • Copies of shareholders’ Emirate ID
  • Copy of the director’s passport
  • Document identifying the Ultimate Beneficial Owners (UBOs)
  • Business brief
  • Business plan blueprint
  • Existing contracts and agreements
  • Recommendation letter from business partners
  • Trade License
  • Necessary corporate documents
  • Memorandum

Upon submission, the bank reviews and verifies the application. A successful interview precedes the opening of the corporate bank account, a process that usually takes 2 to 4 weeks at most. Monthly average balance requirements for corporate accounts vary between banks, ranging from 50k to 500k, depending on individual bank policies. It’s advisable to consult with the respective banks for precise details regarding pricing and requirements.

If you wish to open a business bank account in Dubai, our team here at RUE will be delighted to assist you. We have eight years of experience in helping clients to open bank accounts in Europe. We tap into our vast network of trusted partners in the European financial services industry to offer the most suitable and cost-effective solutions that improve the functioning of the businesses we serve.

Open bank account UAE

Opening a bank account in the United Arab Emirates (UAE) represents an important step for many individual entrepreneurs and companies looking to expand their business operations in the region. With its favourable business climate, modern infrastructure and high level of financial services, the UAE is becoming an increasingly attractive destination for international investors. In this article, we look at the key aspects and procedures for opening a bank account in the UAE.

Advantages of opening a bank account in the UAE

  1. Stable financial system: The banking system in the UAE is characterised by high stability and reliability, which makes it attractive for doing business.
  2. Wide range of banking services: Banks in the UAE offer a variety of services including corporate and personal banking, lending, asset management and more.
  3. Preferential tax system: The UAE offers investors an attractive tax environment, including no income or profits tax for most activities.
  4. Convenient Location: The UAE’s location at the crossroads of key global trade routes makes it an ideal location for international business operations.

How to open a bank account in the UAE

  1. Selecting a bank: The first step is to choose the right bank that suits your needs and business objectives. There are a number of local and international banks operating in the UAE, offering a variety of services and terms and conditions.
  2. Document Preparation: Preparing the required documents is a key step in the process. This includes proof of identity, proof of address, business plan (for corporate accounts), financial statements and other documents that may be required by the selected bank’s policy.
  3. Application: After preparing the necessary documents, you should apply for an account with the selected bank. This can be done in person, through the bank’s online platform or through an intermediary.
  4. Verification and Approval: The Bank will conduct a process to verify the documents and information provided before making a decision to issue an account. This process may take from a few days to a few weeks depending on the specific situation.
  5. Account Activation: Once your application is approved, you will receive a notification that your account has been activated, and you can start using it for banking transactions.


Opening a bank account in the United Arab Emirates is an important step for international investors and businessmen wishing to do business in the region. With the right approach and following all the necessary procedures, it can be a key element of a successful business strategy. It is important to remember to thoroughly research the requirements and policies of your chosen bank before beginning the account opening process.

Business bank account in Dubai

Opening a corporate bank account in Dubai is a key aspect of doing business successfully in this strategic business centre of the world. Dubai offers innovative financial infrastructure, generous tax incentives and high levels of service, making it an attractive destination for international entrepreneurs and corporations. In this article, we look at the key steps and benefits of opening a corporate bank account in Dubai.

Advantages of Opening a Corporate Bank Account in Dubai

  1. Favourable Tax Climate: Dubai offers tax incentives and preferences for corporations, including no corporate tax, no income tax and no capital gains tax.
  2. International Banking Infrastructure: Dubai has a well-developed banking system with international banks offering a wide range of financial services to corporate clients.
  3. Effective Regulation: Dubai’s banking system is characterised by strict regulation and transparency to ensure safe and sound banking operations.
  4. Access to Global Markets: Opening a bank account in Dubai gives you access to global financial markets and investment opportunities, facilitating business development and international expansion.

Steps of Opening a Corporate Bank Account in Dubai

  1. Selecting a Bank: Research the offers of various banks in Dubai and choose the most suitable one for your company. Consider the bank’s reputation, specialisation and services offered.
  2. Preparation of Documents: Prepare the necessary documents to open an account, such as the company’s incorporation documents, ID of the founders and other documents requested by the bank.
  3. Visit to the Bank or Online Application: Visit the selected bank in person or fill in an online application for account opening via the bank’s official website. Provide all required documents and complete the account opening application form.
  4. Application Review: The Bank will review your account application and verify the documents provided. This process may take several working days.
  5. Account Activation and Receipt of Bank Services: Once your application is approved, the corporate bank account will be activated and your company will be able to use all the services provided by the bank.


Opening a corporate bank account in Dubai offers your company great prospects for business development and expansion. With a favourable tax climate, international banking infrastructure and effective regulation, your corporate account in Dubai will be a reliable tool for managing your finances and achieving your business goals. When choosing a bank, look at its reputation, terms of service and financial products to find the most suitable option for your company.

 Personal bank account in Dubai

Opening a personal bank account in Dubai is an important step for those living or working in this cosmopolitan and financially developed city. Dubai offers a wide range of banking services and attractive terms and conditions for opening accounts, providing customers with convenience and security in managing their finances. In this article, we look at the key aspects and benefits of opening a personal bank account in Dubai.

Benefits of Opening a Personal Bank Account in Dubai

  1. International Status and Attractiveness: Dubai is one of the world’s leading financial centres, making it an attractive place to open bank accounts for customers from all over the world.
  2. Diversity of Banking Services: Banks in Dubai offer a wide range of financial products and services including debit and credit cards, savings accounts, deposits and internet banking services to cater to different customer needs.
  3. Favourable Tax Climate: Dubai offers zero personal income and inheritance tax, making it an attractive destination for residents, expatriate workers and investors.
  4. Innovative Technology: The banking system in Dubai is actively embracing innovative technologies such as mobile apps and digital payment systems, providing customers with convenience and efficiency in managing their accounts.

Steps to Open a Personal Bank Account in Dubai

  1. Choosing a Bank: Explore the offerings of various banks in Dubai and choose the one that best suits your needs and preferences.
  2. Preparation of Documents: Prepare the necessary documents to open an account such as passport, visa, ID card and proof of address.
  3. Visit the Bank or Online Application: Visit the selected bank in person or fill in an online application for opening an account through the bank’s official website.
  4. Identification: When you visit the bank, you may be required to carry out an identification procedure by providing the necessary documents and completing a questionnaire.
  5. Receiving Banking Services: Once you successfully open an account, you will be able to use all the services provided by the bank, including accessing online banking, obtaining cards and making transactions.


Opening a personal bank account in Dubai provides customers with access to international banking services and the ability to manage their finances with modern technology and a favourable tax climate. When choosing a bank, look at its reputation, terms of service and financial products offered to make the most favourable choice for you.


“I am committed to providing you with thorough and up-to-date insights to support your endeavours. My dedication extends to ensuring that you receive relevant and accessible information to navigate the regulatory framework and effectively progress with your projects through an account in Dubai.”

Diana Pärnaluik


email2[email protected]


Selecting the best bank account in the UAE depends on your individual needs and preferences. For expatriates, several banks stand out as top choices:

  • Emirates NBD
  • Mashreq Bank
  • Standard Chartered

Additionally, FAB is known for its convenience and security, while ADCB is recognized for its exceptional customer service. If you're seeking an Islamic banking option, Emirates Islamic is a popular choice. For salary transfers, ADCB and RAKBANK are highly recommended. Other options worth considering include Abu Dhabi Commercial Bank, Dubai Islamic Bank, and Mashreq Neo.

Yes, you can open a zero-balance account with ADCB. The ADCB Hayyak Zero Balance Account offers a convenient solution for UAE residents who prefer not to maintain a minimum balance. To open this account, you must meet the following criteria:

  • Be at least 21 years old
  • Reside within the UAE
  • Open the account personally (third-party applications are not permitted)
  • You can initiate the process of opening an ADCB Hayyak Zero Balance Account online through ADCB Personal Internet Banking. Here are the steps:
  • Visit the ADCB Personal Internet Banking website.
  • Log in to your account.
  • Access the "Open an Account" tab.
  • Choose the "ADCB Hayyak Zero Balance Account" option.
  • Complete the application form.
  • Submit the application.

Yes, non-residents can open bank accounts in Dubai. However, eligibility conditions must be met, and it's essential to understand any associated limitations. Meeting the eligibility criteria may involve providing proof of address, residency visa, or employment letter, along with your passport.

Yes, it's possible to open a bank account in the UAE without a regular salary. Many banks offer non-salary accounts, which typically provide online banking, a chequebook, and a debit card, regardless of whether you have a consistent income source.

Non-residents or newcomers to the UAE can open bank accounts, but typically, the application process requires physical presence and signing documents in the presence of a bank officer. This indicates a necessity for in-person attendance during the account opening process.

RUE customer support team


“Hi, if you are looking to start your project, or you still have some concerns, you can definitely reach out to me for comprehensive assistance. Contact me and let’s start your business venture.”


“Hello, I’m Sheyla, ready to help with your business ventures in Europe and beyond. Whether in international markets or exploring opportunities abroad, I offer guidance and support. Feel free to contact me!”


“Hello, my name is Diana and I specialise in assisting clients in many questions. Contact me and I will be able to provide you efficient support in your request.”


“Hello, my name is Polina. I will be happy to provide you with the necessary information to launch your project in the chosen jurisdiction – contact me for more information!”



At the moment, the main services of our company are legal and compliance solutions for FinTech projects. Our offices are located in Vilnius, Prague, and Warsaw. The legal team can assist with legal analysis, project structuring, and legal regulation.

Company in Lithuania UAB

Registration number: 304377400
Anno: 30.08.2016
Phone: +370 661 75988
Email: [email protected]
Address: Lvovo g. 25 – 702, 7th floor, Vilnius,
09320, Lithuania

Company in Poland Sp. z o.o

Registration number: 38421992700000
Anno: 28.08.2019
Phone: +48 50 633 5087
Email: [email protected]
Address: Twarda 18, 15th floor, Warsaw, 00-824, Poland

Regulated United Europe OÜ

Registration number: 14153440–
Anno: 16.11.2016
Phone: +372 56 966 260
Email:  [email protected]
Address: Laeva 2, Tallinn, 10111, Estonia

Company in Czech Republic s.r.o.

Registration number: 08620563
Anno: 21.10.2019
Phone: +420 775 524 175
Email:  [email protected]
Address: Na Perštýně 342/1, Staré Město, 110 00 Prague

Please leave your request