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Bank account in Dubai for non resident: which bank?

Bank account in Dubai for non resident: which bank?

Old Oct 30th 2008, 9:15 pm
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Default Bank account in Dubai for non resident: which bank?

Hello!

- I need to open a bank account in Dubai - something like a saving account (dhs and euro): with low fixed costs + if possible some interest rate (I will have no much money on it...20.000 US$ avarage...but still)

- I'm not resident here - but working for a company in Jebel Ali (I have no resident visa - my working base is in Europe)

Question:

- which bank do you suggest me? I have seen National Bank of AD - they ask min deposit 10.000 US$ - account costs 300 dhs / year - interest rate around 4% - cost for money trasfer abroad 30 dhs per operation

Do you suggest something else?
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Old Oct 31st 2008, 4:31 am
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Default Re: Bank account in Dubai for non resident: which bank?

why put it here? open an offshore account.
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Old Oct 31st 2008, 4:42 am
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Default Re: Bank account in Dubai for non resident: which bank?

I know HSBC does such an acount
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Old Nov 7th 2008, 10:58 pm
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Default Re: Bank account in Dubai for non resident: which bank?

Originally Posted by Blue Cat View Post
why put it here? open an offshore account.
ok

but what is an offshore account?

what's the advantage?

thanks a lot!
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Old Nov 8th 2008, 5:02 am
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Default Re: Bank account in Dubai for non resident: which bank?

it's off shore hence it won't come under UAE jurisdiction.
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Old Nov 8th 2008, 12:24 pm
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Default Re: Bank account in Dubai for non resident: which bank?

Originally Posted by Blue Cat View Post
it's off shore hence it won't come under UAE jurisdiction.
Offshore banking is great - if you have a boat.
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Old Nov 8th 2008, 1:03 pm
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Default Re: Bank account in Dubai for non resident: which bank?

Originally Posted by JohnCodega View Post
Hello!

- I need to open a bank account in Dubai - something like a saving account (dhs and euro): with low fixed costs + if possible some interest rate (I will have no much money on it...20.000 US$ avarage...but still)

- I'm not resident here - but working for a company in Jebel Ali (I have no resident visa - my working base is in Europe)

Question:

- which bank do you suggest me? I have seen National Bank of AD - they ask min deposit 10.000 US$ - account costs 300 dhs / year - interest rate around 4% - cost for money trasfer abroad 30 dhs per operation

Do you suggest something else?
Give all the money to me and save yourself the worry.
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