{"id":13328,"date":"2023-02-03T08:56:08","date_gmt":"2023-02-03T05:26:08","guid":{"rendered":"https:\/\/alfaris-uae.com\/our-services\/opening-a-bank-account-in-the-uae\/"},"modified":"2023-03-01T18:03:40","modified_gmt":"2023-03-01T14:33:40","slug":"nbd-bank-uae","status":"publish","type":"page","link":"https:\/\/alfaris-uae.com\/en\/our-services\/nbd-bank-uae\/","title":{"rendered":"Opening a bank account in the UAE"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"13328\" class=\"elementor elementor-13328 elementor-11511\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e2a3f6d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e2a3f6d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-extended\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-159bc30 ot-flex-column-vertical\" data-id=\"159bc30\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4be2817 widget-area elementor-widget elementor-widget-sidebar\" data-id=\"4be2817\" data-element_type=\"widget\" data-widget_type=\"sidebar.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<section id=\"nav_menu-1\" class=\"widget widget_nav_menu\"><div class=\"menu-menu-service-container\"><ul id=\"menu-menu-service\" class=\"menu\"><li id=\"menu-item-2924\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2924\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/general-visa\/\">General conditions of residence in the UAE<\/a><\/li>\n<li id=\"menu-item-2929\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2929\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/golden-visa\/\">Conditions for obtaining a golden visa of the United Arab Emirates<\/a><\/li>\n<li id=\"menu-item-2928\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2928\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/uae-student\/\">Residence in Dubai for Iranians through education<\/a><\/li>\n<li id=\"menu-item-2927\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2927\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/uae-job\/\">Getting Dubai residency through work<\/a><\/li>\n<li id=\"menu-item-2926\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2926\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/uae-married\/\">Residency in the UAE through marriage<\/a><\/li>\n<li id=\"menu-item-2925\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2925\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/uae-born\/\">Resident By Birth<\/a><\/li>\n<li id=\"menu-item-11500\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11500\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/uae-company\/\">Dubai residence through company registration<\/a><\/li>\n<li id=\"menu-item-11528\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-11528\"><a href=\"https:\/\/alfaris-uae.com\/our-services\/nbd-bank-uae\/\">Opening a bank account in the UAE<\/a><\/li>\n<\/ul><\/div><\/section>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-51bb4c1 ot-flex-column-vertical\" data-id=\"51bb4c1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cd45590 elementor-widget elementor-widget-text-editor\" data-id=\"cd45590\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Types of bank accounts in Dubai<\/p><p>\u00a0<\/p><h4>Current Account<\/h4><p>A current bank account in Dubai and the UAE is very common among commercial companies and government companies that usually have more regular transactions with financial institutions or banks. The current account includes withdrawals, deposits and mutual transactions, and in these accounts there is usually no limit on the number of transactions per month.<\/p><h4>fixed deposit<\/h4><p>A fixed deposit has a higher interest rate than a savings account, and for this reason, users keep their money in the bank for a certain period of time, and in this case, the account owners cannot withdraw their money from the account early, but this type of account is always required. People&#8217;s attention is there.<\/p><h4>Savings account<\/h4><p>Savings accounts are accounts where the applicant deposits his deposit in a bank or financial institution in his name. Of course, small profits are also considered on these accounts, but monthly withdrawals from this account are possible and this issue is limited to a certain number at the discretion of the bank or financial institution.<\/p><h4>Legal account<\/h4><p>A legal account is an account in which your salary is deposited, and generally banks in the UAE and Dubai open such an account at the request of companies, and company employees can use this account.<\/p><h4>Business account<\/h4><p>All businesses are managed with a system that is linked to business accounts in the UAE and these accounts help business owners in the UAE and Dubai to track their expenses. Manage your funds and calculate your debt and taxes through these accounts. It should be noted that these accounts are different from personal bank accounts in the UAE.<\/p><blockquote><p dir=\"rtl\"><span style=\"color: #ff0000;\">Keep in mind that Iranians face restrictions when opening cloud accounts<\/span><\/p><\/blockquote>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3d77cc elementor-widget elementor-widget-text-editor\" data-id=\"b3d77cc\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Obviously, opening a bank account for non-natives in each country is subject to certain rules and conditions. If you want to have a bank account in Dubai or other regions of the United Arab Emirates, you must first familiarize yourself with the steps and documents required to open an account in this country.<\/p><p>The important thing is that opening an account for natural and legal persons has important differences, which we will explain below.<\/p><h4>Account opening for real people<\/h4><p>The documents that a natural person must provide to open an account in Dubai include the following;<\/p><p>Evidence of presence in the United Arab Emirates; It is not possible to open an account in absentia!<br \/>passport copy<br \/>Identity documents of real person<br \/>Complete the bank statement<br \/>Provide a moderate amount to the bank for opening<br \/>Account opening for legal entities<\/p><p><b>The documents that a legal entity must provide to open an account in Dubai include the following;<\/b><\/p><p>Copy of company establishment license (establishment announcement)<br \/>Copy of original company documents according to Dubai (United Arab Emirates) company registration rules and legal documents<br \/>Copy of passport of shareholders<br \/>Copy of the shareholders&#8217; visa<br \/>Providing a copy of the company&#8217;s turnover report in the last 6 months<br \/>Company operating contracts<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-89a623e elementor-widget elementor-widget-image\" data-id=\"89a623e\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1345\" height=\"722\" src=\"https:\/\/alfaris-uae.com\/wp-content\/uploads\/2023\/02\/Emirates-NBD_1920x1030.jpg\" class=\"attachment-full size-full wp-image-12842\" alt=\"\" srcset=\"https:\/\/alfaris-uae.com\/wp-content\/uploads\/2023\/02\/Emirates-NBD_1920x1030.jpg 1345w, 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The current account includes withdrawals, deposits and mutual transactions, and in these accounts there is usually no [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":13280,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-13328","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.8 (Yoast SEO v23.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Opening a bank account in the UAE - Alfaris Business Services<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/alfaris-uae.com\/our-services\/nbd-bank-uae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opening a bank account in the UAE\" \/>\n<meta property=\"og:description\" content=\"Types of bank accounts in Dubai \u00a0 Current Account A current bank account in Dubai and the UAE is very common among commercial companies and government companies that usually have more regular transactions with financial institutions or banks. 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