Living Dubai – DriveeUAE https://driveeuae.com Stress free UAE Mon, 15 May 2023 06:16:18 +0000 en-GB hourly 1 https://wordpress.org/?v=6.4.3 https://driveeuae.com/wp-content/uploads/2018/10/cropped-driveeuae-favicon-1-32x32.png Living Dubai – DriveeUAE https://driveeuae.com 32 32 217540879 How to Open a Bank Account in Dubai: Complete Guide https://driveeuae.com/open-bank-account-dubai/ https://driveeuae.com/open-bank-account-dubai/#respond Mon, 18 Mar 2019 10:18:17 +0000 https://driveeuae.com/?p=2684 Opening a bank account, specifically understanding how to open a bank account in Dubai, is a simple necessity once you have landed a job or started a new life in this vibrant city. A majority of the population of Dubai is immigrants. Employers would normally send your salary to an account. Therefore, learning how to […]

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Opening a bank account, specifically understanding how to open a bank account in Dubai, is a simple necessity once you have landed a job or started a new life in this vibrant city.

A majority of the population of Dubai is immigrants. Employers would normally send your salary to an account. Therefore, learning how to open a bank account in Dubai is crucial before you can start reaping the benefits of your hard work in the city.

The rules to follow are pretty simple here. The policy also does not vary much in the several banks that the city has to offer. This simple guide to opening a bank account in Dubai can hence be of great help to you.

Opening a Bank Account in Dubai

The requirements to open a new account in any of Dubai’s banks are straightforward. By following these simple steps and taking care of the prerequisites, you can easily own a current or savings account in Dubai.

Requirements for Opening a Bank Account in Dubai

  • The primary requirement in the documents section is your passport as well as a few extra copies. Specifications on the number may depend on the bank you chose.
  • If you are a new resident, you will also need a copy of your visa for the UAE.
  • A letter of no objection from either or sponsor or your employer is also a must-have.
  • The HR department in your organization can provide you with a document listing the specifications of your salary as well as the name of your employer. This document is required.
  • You might also need an Emirates ID card. If you do not currently have one, the bank can also accept your application to get this card.
  • The applicant also needs to confirm their address inside UAE. For this, you need a recent utility bill receipt or your rental contract.
  • Some banks might also ask for a letter of recommendation from your previous bank in your home country.

Steps

  • Gather as many of the documents listed above as you have access to.
  • Make a call to the bank and get an appointment to meet a representative.
  • Fill in the forms and sign the documents in the presence of the representative and deposit the Opening Account payment.
  • You will have access to your new account in no time.

FAQs

What is the minimum salary to open a bank account in Dubai?

Account NameInterest Rate (p.a.)Minimum Salary
ADIB Smart Banking AccountProfit on every dirham in the accountCommercial Bank of Dubai (CBD) ESaver Account
Commercial bank of Dubai (CBD) ESaver Account1.50%AED 5000
FAB iSave Account2%NA
RAK Bank Fast Saver Online Account0.50%NA
HSBC Esaver Account0.10%NA
Emirates NBD Liv. Account1.5%NA
Mashreq Happiness AccountNAAED 10,000

Tips

  • Most banks in Dubai need you to be physically present when opening a new account. This is basically because you have to fill out the forms and sign documents in front of a bank officer.
  • Choosing the same bank as your employer can help you get more efficient direct deposits.
  • You mostly need a minimum salary of AED 5000 in order to open an account in Dubai.
  • The choice can also depend on which bank or ATM is closer to where you live or work.
  • However, also consider special offers that specific banks offer before making the final decision.
  • Residents can have an account up and running in a few hours. Non-residents may have to wait longer.
  • Choosing an international bank like the HBSC, Citibank or Standard Chartered Bank can bring the extra advantage of better rates on international transfers.

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Applying for Canada Visa From Dubai https://driveeuae.com/applying-for-canada-visa-from-dubai/ https://driveeuae.com/applying-for-canada-visa-from-dubai/#respond Sat, 16 Mar 2019 19:33:02 +0000 https://driveeuae.com/?p=2673 People living in Dubai for professional or personal purposes might want to apply for a visa to Canada. Millions of people find their calling in the Dubai job market. Thousands get accepted in the new openings every year and the process depends heavily on the technique behind their application. However, once you become an employee […]

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People living in Dubai for professional or personal purposes might want to apply for a visa to Canada. Millions of people find their calling in the Dubai job market. Thousands get accepted in the new openings every year and the process depends heavily on the technique behind their application.

However, once you become an employee in Dubai, applying for Canada Visa from Dubai is a comprehensive process.

Canada Visa from Dubai

The primary consideration in this process is that officials processing visas for Canada, the US, and Europe consider the job market in Dubai. Therefore, it does not matter even if the applicant is an immigrant and not a UAE national. As long as the person is working at a prestigious Dubai firm, they will be able to get a visit visa to Canada.

Also helpful is the fact that a lot of companies in Dubai have Canadian, American, or European managerial staff. They hence know the criteria for selection in the Dubai job industry and it helps during the visa application.

Transferring from the job market in Dubai to the job market in Canada can be achievable with a Canada visit visa from Dubai. Applicants can personally visit firms and scout for vacancies relating to their expertise. Work Permit once in Canada on a visit visa can help you get a job.

The Application Procedure

It is possible to complete the visa application procedure without spending a fortune. In most cases, 200 to 300 dollars or 20,000 to 30,000 PKR can be enough.

Prerequisites

  • You need to have your passport. If you are an immigrant working in Dubai, this part is not difficult.
  • There need to be 2 passport-sized photographs. These are integral for filling out the visa application form.
  • Applicants also need to correctly fill in the details on the visa application form.
  • In the case of a family, the applicant also needs a family registration certificate. B forms of any kids in the family are also essential. A marriage certificate for a married couple must be there as well.
  • The ease of verbal and written communication in English is another prerequisite.
  • For those working in Dubai, you need to take two to three weeks off and apply for a Canada tourist visa for those days. For this, you need a Work Experience Letter as well as a No Objection Certificate.
  • Adding salary slips for the past three to six months can also help.
  • Add income tax details to your visa application.
  • You should also attach your bank statement to the documents in the application.
  • Applicants need 5000 to 6000 USD in their bank account as savings (15 to 20 lac PKR).
  • Finally, you must add a cover letter detailing your life and work experience as well as your wish to visit Canada as a tourist.

Tips

  • If the employer adds a clause in the no-objection certificate about how you are on vacation and will have a job when you come back, it will do you good.
  • For working applicants, work experience in the field you are looking for is vital.
  • All the documents mentioned in the prerequisites must be computerized as other options will not be entertained.
  • Do not borrow money and add it to your account as a lump sum right before beginning the visa application process.
  • Book a hotel in advance. This way the embassy knows where you are planning to stay in Canada. Using the Internet or a travel agent for this purpose are both viable options.

If your passport has resident or visit visas of other countries as well, it will help your case with Canada. The absence of a criminal record and proof of being in different countries ascertains your success in the visa application process. Getting the help of a professional consultant in Dubai for a Canadian visa can make the process swifter and cleaner.

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