- October 18, 2021
- Posted by: Nikhil Sharma
- Category: Banks
The UAE provides non-residents bank accounts for individuals and businesses. In order to bank account opening for corporate use, business establishment in Dubai would be necessary. Bank account opening for Uzbekistan nationality in UAE is now available in a dedicated manner. So, if you are a citizen of Uzbekistan then you are able to open a bank account, but sometimes it seems tricky but no need to worry as Taskmaster professionals are here for you to deal with in an easy way. They will help you open a bank account for your business use on your behalf.
The UAE is well-recognized worldwide for its strong banking system and foolproof investment system. The United Arab Emirates maintains its position as the best and most suitable international financial hub as its invites a great amount of investment with its tax exemptions systems. Such trusted, secure, and flawless services allure businessmen from all over the globe who want to establish a business and bank opening a bank account in UAE. this is vital to note that every financial institution has its own special policies regarding opening a bank account.
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The procedure of bank account opening in the UAE as a non-resident is quite simple and easy. Whether you act as an employee in a venture or you are a business owner, you can smoothly open a bank account. The difference only is that in a salary account, you usually do not need to sustain a minimum balance. For a business or personal account, this is a common practice to always sustain a prior determining balance.
The business setups that will wish to open a bank account for corporate use in the UAE need to present the legal existence proof. If the business setup is owned by the corporate entity, extra documents regarding the management and ownership require to be presented. The corporate documents notarization can be required in case of business ownership. The notarization should be completed from the country of origin and a similar process should be done in the United Arab Emirates. Guaranteed secrecy is one of the biggest factors related to the banking system in the UAE. The privacy feature allures non-residents from all around the world. The sense of protection instills confidence in the minds of people.
Documents Required for Bank Account Opening for Uzbekistan Nationality in UAE
In order to open a bank account in UAE as a national of Uzbekistan, you will need to prepare some necessary documents. These documents can differ from bank to bank. The documents you required are –
- Passport with the entry stamp of the UAE
- Passport size photograph
- Duly filled application form
- Emirates ID
- Residence proof
- Letter of recommendation from your last bank
- Letter of NOC from your partner
- Last six months bank statements or person or corporate bank account
- Information of your company’s structure
Best Banks for Bank Account Opening for Uzbekistan Nationality in UAE
Potentially the best thing to do as a citizen of Uzbekistan Nationality is to stick to the familiar as it brings a sense of protection that cannot be matched in an unfamiliar city. It means a lot, particularly if you are new to Dubai. Plus, thanks to the competition there are some huge providing by the bank all around the UAE with the local institutes aggressively pursuing your loyalty. This is possibly wise to think about opting for a bank that is conveniently based near you, with the online banking quality, and perhaps utilize a similar bank as your employer which can work as a recommendation to get began.
Emirates NBD: They have a huge coverage in the country thinking how small this is, with more than 250 ATMs and branches for your convenience.
HSBC: With 10 branches and 70 ATMs in Dubai, it can give the convenience along with multiple currency accounts, 50% off on credit cards, movie tickets with cashback as well as debit cards.
Citibank: With 50 or more ATMs but just two branches, yet is convenient to utilize Citibank, particularly as their online banking system link with all the accounts you have with them all around the globe.