Bank Account Opening in UAE

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If you are considering establishing a business in the UAE, having a bank account in Dubai is essential. Regardless of whether your company operates onshore or offshore, obtaining Bank Account Opening Assistance in Dubai, UAE is crucial. The process of opening a bank account in the UAE is typically straightforward for mainland companies, particularly when compared to the complexities that offshore companies must navigate.

  • Minimum Investment required AED Two Million.
  • This service grants (Golden Residency Visa) for a period of 10 years or 5 years and automatically renewed if the same conditions are met.

Requirements:

  1. Company’s financial report for the previous year (Made by the company’s financial auditor)
  2. Company’s Trade license and photocopy of the List of Partners’ Names
  3. Copy of the sponsored residency
  4. Company’s bank statement (last 3 months)
  5. Company’s (VAT Return) for the previous year
  6. submission of a valid commercial license or industrial license with investor’s Memorandum of Association of his/her company provided that the investor capital is not less than AED (2) Two Million.
  7. If the license is in free zones or special development zones, A Certificate from the relevant free zone authorities is an additional requirement
The owner of a property or a group of properties is granted a Golden Visa for a period of 10 years, renewable on the same conditions.

Requirements:

  1. Submission of a letter from the Real Estate Registration Department in Dubai Emirate stating that the investor owns one or more properties whose value is not less than AED (2) two million, stating that the property is not subject to a loan.
  2. The value of these real estate investments is permitted to be a loan for what exceeds the value of AED (2) two million.
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Executives & Persons holding senior positions are granted golden visa for a period of 10.

Requirements:

  1. An “NOC” letter from the company that it agrees for the golden residency, also mentioned that the service period is not less than 5 years as a general manager – executive director – chairman of the board of directors
  2. Attested degree (bachelor’s degree or higher)
  3. Salary certificate (not less than 50,000 DHS Monthly)
  4. Labour contract with the same profession and salary at the salary certificate.
  5. Bank statement (last 6 months)

This service grants (Golden Residency Visa) for a period of (5) years to an entrepreneur who owns an economic project of a technical or future nature based on risk & innovation

Requirements:

  1. Approval letter from Dubai Future Foundation
  2. Submission of a Letter from an accredited auditor in the United Arab Emirates stating that the project value is not less than AED (500) Five Hundred Thousand (project owner).
  3. Submission of an approval Letter from the concerned authorities in the Emirate stating that the project is of a technical or future nature in which entrepreneurship is achieved (project owner).
  4. Submission of a Letter from an accredited business incubator or a competent authority in the Emirate stating that the project is of a technical or future nature (project founder).

This service grants a retired foreigner a Golden Residency Visa for a period of (5) years without a sponsor and subject to renewal.

Requirements:

  1. The fixed annual income of the retiree should not be less than AED one hundred and eighty thousand (AED 180,000).
  2. His/her service period prior to his/her retirement shall not be less than (15) years, whether inside or outside the country, or that s/he has completed (55) years of age.
  3. To be the owner of one or more real estates in the country, the value of the real estate or the total value of real estate is not less than AED One Million.(or) He/she has a financial deposit of no less than AED One Million inside the United Arab Emirates.
  4. Bank statement for the last six months

In any of the above cases, requirements for issuing Golden Visas to family members of foreign retirees: The family members as stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (5) years.

This service grants a retired foreigner a Golden Residency Visa for a period of (5) years without a sponsor and subject to renewal.

Requirements:

  1. The fixed annual income of the retiree should not be less than AED one hundred and eighty thousand (AED 180,000).
  2. His/her service period prior to his/her retirement shall not be less than (15) years, whether inside or outside the country, or that s/he has completed (55) years of age.
  3. To be the owner of one or more real estates in the country, the value of the real estate or the total value of real estate is not less than AED One Million.(or) He/she has a financial deposit of no less than AED One Million inside the United Arab Emirates.
  4. Bank statement for the last six months

In any of the above cases, requirements for issuing Golden Visas to family members of foreign retirees: The family members as stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (5) years.

This service grants a retired foreigner a Golden Residency Visa for a period of (5) years without a sponsor and subject to renewal.

Requirements:

  1. The fixed annual income of the retiree should not be less than AED one hundred and eighty thousand (AED 180,000).
  2. His/her service period prior to his/her retirement shall not be less than (15) years, whether inside or outside the country, or that s/he has completed (55) years of age.
  3. To be the owner of one or more real estates in the country, the value of the real estate or the total value of real estate is not less than AED One Million.(or) He/she has a financial deposit of no less than AED One Million inside the United Arab Emirates.
  4. Bank statement for the last six months

In any of the above cases, requirements for issuing Golden Visas to family members of foreign retirees: The family members as stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (5) years.

This service grants a retired foreigner a Golden Residency Visa for a period of (5) years without a sponsor and subject to renewal.

Requirements:

  1. The fixed annual income of the retiree should not be less than AED one hundred and eighty thousand (AED 180,000).
  2. His/her service period prior to his/her retirement shall not be less than (15) years, whether inside or outside the country, or that s/he has completed (55) years of age.
  3. To be the owner of one or more real estates in the country, the value of the real estate or the total value of real estate is not less than AED One Million.(or) He/she has a financial deposit of no less than AED One Million inside the United Arab Emirates.
  4. Bank statement for the last six months

In any of the above cases, requirements for issuing Golden Visas to family members of foreign retirees: The family members as stated in the Cabinet Resolution (husband or wife and children from the category of unmarried daughters and unmarried sons) are granted a Golden Visa for a period of (5) years.

Documents required for Corporate Bank Account Opening in Dubai

  • Copy of trade license
  • Copy of MOA/AOA
  • Copy of the share certificate(s)
  • Copy of Incorporation Certificate/Registration Certificate
  • Copy of passport with UAE entry stamp page of shareholders
  • Copy of Emirates ID of shareholders (if the shareholders have UAE residency)
  • Copy of the Visa page of shareholders (if the shareholders have UAE residency)
  • List of few prospective clients / or existing clients (suppliers/buyers)
  • Copy of the last 6 months' bank statement of the shareholders
  • Copy of the utility bill of the shareholders showing the proof of address
  • Copy of corporate legal documents and bank statements (if the shareholder having company outside UAE)
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