Banking in Dubai
Banks in the Emirate of Dubai are divided into two categories: local “Emirati” banks and branches of foreign banks. There are over 50 banks represented in Dubai, although recent years have seen the consolidation of many Emirati banks. It should be noted that all banks in Dubai are regulated by the Central Bank of the UAE.
Significance of Banking in UAE
An individual or business without a banking relationship is like a fish without water. Here in the UAE, our banking relationships will cater to all of your individual and corporate financial requirements. Without a bank account, you or your business will have no business and no trade. This is why we place great importance on our relationships with local and international banks, from private banks to commercial and investment banks. However, choosing the right kind of personal or business bank account isn’t always easy. Each one operates differently, making some better for specific situations than others. If you’re not sure which is ideal for your company,
How can the Team at Fin Xpert Solutions assist you?
Fin Xpert Solutions professional and experienced team of ex-bankers can guide you through the process and help you prepare all necessary documentation to facilitate and expedite your personal or corporate banking requirements according to your needs. Our fees for attending the banking procedures start from US$ 1000 to 5,000 (depending upon the complexity of the case). This would not include the costs of preparing any additional legalized or notarized documentation that a bank may require.
In many cases, we can have a personal or corporate account open and operational in 5 days. In normal circumstances, however, the account should take 2 to 3 weeks to be ready and active.
We regularly assist in setting up bank accounts in the UAE as well as international bank accounts for clients while managing their corporate affairs with the relevant level of substance from offices in Dubai.
We currently work with all the banks in the UAE; some of them are listed below: