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The Best UAE Bank for international banking operations

Article image: The Best UAE Bank for international banking operations

The banking system of the United Arab Emirates is considered to be one of the most reliable in the world. The UAE Central Bank is strict with the issuance of licenses and monitors thoroughly the activities of the financial institutions. At the same time, the opening an account in the UAE bank is characterized by its simplicity, non-existence of bureaucracy and extensive features in the course of further work.

Currently there are 21 national and approximately 50 foreign banks in the UAE. If you need to open an account in the United Arab Emirates for carrying out any international activities, the best choice for you is the Emirates NBD. This is one of the leaders of the UAE banking sector with a wide range of services for individuals and companies. The Emirates NBD clients can be both the local and foreign companies of various levels: from the small businesses to the international corporations.

Clarify the cost of opening company, corporate or personal bank account, obtaining a residence visa, or another question regarding business in Dubai, UAE:

The advantages of the Emirates NBD for carrying on international activities

Reliability

The Emirates NBD is the largest Bank all over the Gulf in terms of its assets— its market capitalization is estimated at $11.3 billion. The bank steadily takes the leading position in the UAE banking sector.

Service

In addition to higher reliability, which is an essential feature for such a large bank, the Emirates NBD provides the highly efficient service. The clients are provided with an all-round support, assistance in the documents preparation and maintenance of their accounts.

Numerous branch offices

A wide network of branches and ATMs of the Emirates NBD is seen as an important advantage for international companies. In addition to the UAE, there are many representative offices - in China, the United Kingdom, Singapore, Egypt, Qatar, India, Saudi Arabia and Indonesia. More than 200 branches and about 1000 ATMs in the UAE and abroad are managed by the Emirates NBD.

It is necessary to mention the following advantages of the Emirates NBD:

  • Minimum set of documents for opening an account;
  • Wide range of options for setting up an account;
  • Low fees for all transactions;
  • Favourable deposit and investment rates;
  • Personal manager, who always stays in touch;
  • Low fees for money transmission;
  • Competitive exchange rate;
  • Convenient Internet banking.

The disadvantages of the Emirates NBD are typical of all Arab banks: limited foreign languages support, you need to be present in person when opening an account and Fridays days off.

A natural person has to submit a passport and a personal account statement from the current bank to open an account. If you open an account for a legal entity, you will require a larger set of documents.

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