Bank Account Opening Assistance In Dubai, UAE
Bank Opening Account in Dubai.
When you plan to start a business setup in Dubai, you will need to open a corporate bank account for your business use. Business people also want to open a new bank account when they are setting up a business because it can help them to manage their monetary assets, and they can manage their financial dealings in an orderly manner.
Opening up a bank account for a non-resident or a foreign investor is not a difficult process. If you are a foreign business owner, you can easily open up a bank account in Dubai with the help of MW Mideast. Yes, our bank assistance services in Dubai keep you away from any difficulty and stress.
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Frequently Asked Questions
1. Is it allowed for a non-resident of UAE to open a personal bank account in Dubai?
It is not allowed for a non-resident to open up a bank account in any local bank in Dubai. However, If permission is granted, the facilities offered by that bank will be very limited. Mostly, they only provide internet banking facilities for online payments and transactions. Also, some banks do not issue credit cards, debit cards, or cheque book to a non-resident of the UAE.
2. How Much Time Is Required During The Process Of Bank Account Opening?
There is no specific period for this process of opening a bank account in Dubai. It varies with every bank according to their terms and policies but usually, it takes about 2 to 4 weeks o open a bank account in any local bank for a mainland or free zone company in the UAE.
3. How Much Amount Should Be Maintained In The Bank Account?
A certain amount must be present in the bank accounts. Normally, you must have 50k to 500k maintained in your bank account. But, its limit is different for every bank according to their policies. It is up to you to maintain the balance. If you do not do so, it disturbs your relationship with the bank.
4. Can I Open A Bank Account Online In Dubai?
No, you can’t open a bank account online. It is a compulsion to be physically present at the time of bank opening because you have to sign all the legal documents that are then attached with the application form. Also, your identity recognition is a must for the approval of your bank account opening.