Opening an account with UNITED ARAB BANK (UAE)
Cost for the private persons from 1000€
Cost for the legal entities from 3000€
Opening Term: 2 months
Remotely: no
Cost for the private persons from 1000€
Cost for the legal entities from 3000€
Opening Term: 2 months
Remotely: no
UNITED ARAB BANK (UAB) was established in Sharjah in 1975 as a joint venture between UAE investors and the French financial conglomerate Société Générale (SG). The bank has opened 25 branches across the country offering Islamic banking and personalised financial services to its customers.
Opening an account in the UAE with UNITED ARAB BANK is primarily possible for companies registered in the UAE (local companies and companies registered in free economic zones), as well as offshores registered in the UAE. For companies registered in the UAE, the minimum account balance must be at least AED 100 000 per month. Foreign companies are considered by the bank on an individual basis. For foreign companies, the monthly account balance must be at least USD 750 000. The bank is interested in corporate clients with an annaul account turnover of EUR 1 million or more.
UNITED ARAB BANK adheres to the principle of ‘know your customer’ and in each case reserves the right to request additional documents, which will lead to an increase in the time for opening an account, and may also refuse to open an account without giving reasons.
If you have any questions about opening an account with a UAE bank, please contact Maira Consult.
1
High credit ratings
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Escrow account services
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SWIFT transfers without bank fees
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The UAE does not participate in the automatic exchange of information (CRS)
Personal and corporate accounts.
A personal visit to the UAE to meet with a private banker is required.
Tariffs are provided on an individual basis, depending on the type of activity and the company's account turnover.
website www.uab.ae
To open an account with UNITED ARAB BANK you need to fill out our questionnaire and provide us with information about your activities and counterparties. Along with the questionnaire, you need to provide corporate documents of the company (for a legal entity) and personal identification documents (for an individual).
Our specialists analyze the information and documents provided and fill out the UNITED ARAB BANK forms.
We send the ready package of documents for opening an account with UNITED ARAB BANK to private banker for review.
The director and beneficiaries (for a legal entity) or an individual (for a personal account) are verified during a personal meeting with a private banker in the UAE. Banking forms are signed at the meeting. The private banker is provided with the originals of corporate documents (for a legal entity) and identification documents (for an individual).
At this stage, UNITED ARAB BANK checks the client and may request additional information about the activities and source of funds.
The account in UNITED ARAB BANK is opened within 3-6 weeks after a personal meeting with a private banker and the full package of documents is submitted to the bank. UNITED ARAB BANK does not provide international delivery of the card and Digi Pass, they can be picked up by the client in person.
Phone
+380 97 527-66-30Client Relations Department
+380 73 427-66-30Address
Kyiv, 01054, Ukraine,
40B Ivan Franko St., office 207
