Opening a Bank Account in Dubai
Opening a bank account in Dubai is so easy, although requirements vary from bank to bank. To open a current/checking account, you have to be a resident, however, some banks allow non-UAE residents to open saving accounts.
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Required Documents
- Passport with residency (original and copy)
- A letter of no-objection from either your sponsor or employer
You might also need the below documents depending on the bank:
- A copy of your visa, if you have a resident visa
- A document showing your employer’s name and the amount of your salary
- An Emirates ID card, or a copy of the application that was submitted by you
- A valid proof of address documents such as a recent utility payment receipt or a signed rental contract to confirm your address
- A letter of recommendation from another bank (e.g. your home country)
If you have an account with an international bank like HSBC or Citibank, which has branches in Dubai, you should be able to open an account from your local branch.
You can also employ a financial advisor who will act as your representative in Dubai, which may allow you to open an account remotely.
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Factors to Consider When Choosing a Bank in Dubai
- Choose the same bank as your employer may facilitate more efficient direct deposits
- Proximity of ATMs to your office or home
- Availability and ease of online banking and apps
