Documentation Requirements | Giraffy
Banking

Documentation Requirements

Open a bank account in the UAE easily with required documents like passports, Emirates ID, and trade licenses for residents, non-residents, and businesses.

Opening a bank account in the UAE is a straightforward process for residents, non-residents, and businesses. Ensuring that you have the required documents ready can help streamline the account-opening process and save time.

Documentation for Personal Accounts

For Residents

  • Passport Copy with UAE Visa A copy of your passport with a valid UAE residence visa is required to verify your identity and residency status.

  • Emirates ID The Emirates ID serves as proof of your residency and is mandatory for all residents.

  • Proof of Address Provide a recent utility bill or tenancy contract to confirm your address in the UAE.

  • Salary Certificate or Employer Letter This document verifies your income and employment details, necessary for salary transfer accounts.

For Non-Residents

  • Passport Copy A valid passport is required for identification purposes.

  • Proof of Funds Non-residents typically need to provide evidence of funds to meet the required minimum opening balance, which often starts at AED 25,000 and varies by bank.

  • Proof of Address (International) Some banks may require proof of address in your home country.

Documentation for Business Accounts

  • Trade License A valid trade license issued by UAE authorities is mandatory to open a business account.

  • Certificate of Incorporation This document confirms your company’s legal registration and is required by banks.

  • Memorandum of Association (MOA) The MOA outlines the structure and operational guidelines of your company.

  • Shareholder Documents Banks require passport copies and Emirates IDs of all shareholders to verify their identities.

The UAE’s banking system accommodates the needs of residents, non-residents, and businesses. By understanding the documentation requirements and ensuring all necessary documents are prepared, you can open a bank account quickly and access the advanced financial services offered in the UAE.