Resident Bank Account

After setting up a company in the UAE you can apply for a personal and corporate Bank Account opening as a UAE Resident.

Such Bank Accounts are the most beneficial for foreign investors because they are non-reportable and provide many opportunities to bank account holders.

Non-Resident Bank Account

If you did not obtain UAE Residency and are willing to open a UAE Bank Account for yourself or your business, then there will be certain restrictions which you will face after opening a Non-resident Bank Account in UAE.

It should be mentioned that such a bank account will be:

Offshore Bank Account

If you want to open an Offshore Bank Account in UAE here are the benefits and restrictions of such Bank Accounts: