Once you have all of your documents in order, you can go to one of the UAE's many banks. Some of the banks are Emirates NBD, Noor Bank, RAK Bank, Mashreq Bank, Emirates Islamic Bank, and First Abu Dhabi Bank are some of the local and foreign banks available in the UAE (FAB). The best option for you will be determined by your personal needs.
When selecting a deposit, keep the following factors in mind:
Eligibility criteria:
It's necessary to keep in mind that most banks in the UAE need you to have a residency visa. You may also be asked to have a local address in the UAE by some banks.
Income
Most banks in the UAE need a minimum balance to be maintained on a regular basis. This can go up to AED 1 m, but most people start at a much lower level. Noor Bank, for example, has three account rates with minimum balances ranging from AED 20,000 to AED 500,000.
Working with a professional is the best way to ensure that everything goes smoothly. Our Client Service Specialist will support you through the entire process, from determining which bank is best for you to connecting you with the appropriate institutions and double-checking your application for errors and omissions.