Dubai banks - required documents for account opening

[hlepic211]

I've digged through all the Dubai threads and want to ask if anyone knows what extra documents banks require from you when you go for the account opening (both personal and corporate). I mean excluding the basic stuff like your passport, EID, company docs etc.

Why banks in Dubai process the application for months?
Before you get to Dubai and go with the route of FZCO->Business residency->EID->Bank accounts maybe it's a good idea to get any local registries extracts, your previous tax statements, or copies of your diplomas etc. and get them apostilled?
What's the current situation with Emirates NBD, FAB, does anyone know?

Thanks

ENBD for example states:
Original Passport with about a minimum three months expiry date
Copy of your visa page (a valid residency visa)
A salary certificate (NOC) from employer or sponsor with minimum AED 3599 monthly salary

An original Emirates ID card. The documents required to apply for an Emirates ID card are as follows:
A precisely filled application form
Original passport
A biometric scan at a service centre
UAE visa page

Is this all that's needed?

 

[Fred]

If we are talking about Business Banking you need proper substance.

For Personal Account opening the mentioned stuff is fine.

No Dubai bank process a Business Account Application for months - the real Compliance Running time is around 2 weeks but you need to have direct access to the compliance and that's not with every bank possible - for example ENBD is only possible through RM which then again does his own show and delays things forever.

Go with a Corporate Service Provider like us and you avoid most of the headache.

 

[CaptK]

The more paperwork the better but make sure it's clear how you make your money and proof of that for at least 6 months.

6 months personal bank statements
6 months business bank statements
Copies of invoices
Copies of contracts
Any tax returns
Filled accounts copies
CV
Any qulifications
Website of current business.

Please make sure your personal bank statements don't show any payments to or from gambling or adult sites.

 

[aage]

as mentioned get it all together and make sure is all nicely ordered so it's easy to go through all of it for them. It proves you know what you are doing and your business is well organized.

 

[daxbr]

The more paperwork the better but make sure it's clear how you make your money and proof of that for at least 6 months.

6 months personal bank statements
6 months business bank statements
Copies of invoices
Copies of contracts
Any tax returns
Filled accounts copies
CV
Any qulifications
Website of current business.

Please make sure your personal bank statements don't show any payments to or from gambling or adult sites.

This is amazing. Last December in a central american country, I opened 4 bank accounts in major international banks, in 3 hours, in person and did not need any of this stuff.

 

[JohnnyDoe]

The RAK company I have for sale comes with an active ADIB account. This will greatly simplify the process of operating a bank account.

 

[JamesDonkey]

This is amazing. Last December in a central american country, I opened 4 bank accounts in major international banks, in 3 hours, in person and did not need any of this stuff.

What country?

 

[CaptK]

This is amazing. Last December in a central american country, I opened 4 bank accounts in major international banks, in 3 hours, in person and did not need any of this stuff.

It's like that in the developing world.