Who can open a non resident bank account in the Emirates?

Non Resident Bank Account Requirements in UAE

The possibility of opening a bank account as a foreign resident without any form of local residency in the United Arab Emirates, is determined by the bank’s policy.

Each bank have their own policy and accepts different types of customers considering factors such as:

• Country of residence.
• Source of funds.
• Nationality.
• Reason for bank account opening.
• Countries that funds are to be sent to and from.

The above list is a sample of the most important factors that the banks consider when opening a non resident bank accounts for foreign customers who do not have any relations to the UAE.

However, there may be additional requirements that are not publicly disclosed and differs from bank to bank.

Features of offshore bank account in UAE

When you are able to successfully open an offshore bank account Abu Dhabi, Al Ain, Ajman, Dubai, Ras Al Khaimah, Sharjah, Umm Al Quwain or Fujairah, there are features that comes with the bank account.

• A debit card is provided, but not a credit card, which requires a resident Emirates ID and visa in UAE.
• It is not possible to obtain a cheque book with a UAE non resident account, which also requires Emirates ID and residency visa.
• It is possible to operate the account with online banking.
• Dedicated account manager that is assigned to manage your account that can be reached 7 days a week.

What is the difference between resident and a non resident bank account?

When you are able to successfully open an offshore bank account Abu Dhabi, Al Ain, Ajman, Dubai, Ras Al Khaimah, Sharjah, Umm Al Quwain or Fujairah, there are features that comes with the bank account.