Types of bank accounts in the UAE
Opening a bank account in the United Arab Emirates is incredibly easy
There are four types of banks that operate in the UAE, Where You can open your bank Account.
– Commercial banks
– Investment banks
– Industrial banks
– Islamic banks
As with other countries, banks in the UAE offer several different types of personal accounts for residents and non-residents alike.
-Current accounts
-Savings accounts
-Investment accounts
-Offshore accounts
If you need a bank account for commercial reasons, you’ll need to establish a company first and then open an account.
UAE regulations do not allow you to do business through a personal account.
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