The majority of UAE banks permit non-residents to open savings bank accounts exclusively. Firstsolution consultants specialize in offering bank account opening services in the UAE, streamlining the process for individuals seeking to establish bank accounts in Dubai and other Emirates.

The UAE’s commercial banking sector can be broadly categorized into two types: locally incorporated banks and branches of overseas or foreign banks.

The UAE is home to 22 locally incorporated banks, which are also referred to as national banks. Additionally, as of the latest available statistics from 2019, the UAE hosts 27 overseas or international banks, a testament to the sector’s dynamism. The Central Bank of the UAE assumes the role of the regulatory authority for all banking-related matters. Every financial institution and its operations fall under the purview of the Central Bank of the UAE. To align with international standards, the Central Bank has implemented a Know Your Customer (KYC) policy. As part of this policy, UAE banks typically inquire about your account transactions during the process of opening a personal or corporate bank account in Dubai, UAE. Firstsolution can guide you through the KYC requirements for opening a bank account in Dubai, easing the documentation process for applicants.

Whether you are seeking a personal or corporate account, the process of opening a bank account in the UAE involves fulfilling certain basic requirements. Rest assured, Firstsolution’s financial consultants are here to guide you through the entire procedure of opening a bank account in Dubai. We offer comprehensive bank account opening services in the UAE, ensuring a seamless experience for our clients.