Discover the convenience of opening personal bank accounts in Dubai with Q Wealth without leaving your home. You can choose to open your account in EUR or USD and enjoy customized private banking services that meet your needs.
It is no secret that non-residents have it harder with account opening abroad, especially when they try to do it remotely. However, while traditional banks may be hesitant, other financial institutions see this as an opportunity and actively want to connect with non-resident customers.
The recommended private bank operates in Dubai and the UAE and belongs to a well-regarded international banking group. They have a wide presence across the Middle East, London, Indonesia, Singapore, and Beijing, offering a comprehensive range of services to fulfill your financial requirements.
Known as one of the most prominent banks in the Middle East, the Dubai-based institution specializes in serving individuals, families, and select organizations as well as HNWIs and UHNWIs. They warmly welcome prosperous foreigners who are seeking their services.
With a dedicated investment team, the bank continually explores new opportunities to grow the wealth and assets of its clients. Their expertise spans across the globe and different sectors, providing you with exceptional growth prospects.
Although the bank’s private client service offices are located strategically in the Emirates, Saudi Arabia, the United Kingdom, and Singapore, their team seamlessly collaborates with clients from various regions, including Europe, Africa, and Southeast Asia.
The bank has received numerous awards both locally and internationally for its outstanding performance in capital management, private banking, and related services. You may be sure that your financial matters are in capable hands when you choose this esteemed financial institution.
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Dubai bank services
The private bank in the UAE provides a wide range of services designed to meet the needs of clients from other countries:
- Modern banking services: Convenient management of accounts, easy money transfers, and simple currency exchange.
- Debit and credit cards: Special card options like Visa Infinite, Visa Elevate, MasterCard Titanium, Skywards Signature, and more.
- Investment advice: Expert guidance and valuable information on investment opportunities.
- Trade services: Smooth and efficient execution of trade transactions.
- Portfolio management: Skillful management of client portfolios to maximize profits and achieve financial goals.
- Secured loans: Access to loans backed by collateral such as real estate, investments, IPO shares, and life insurance.
- Trust and real estate management: Comprehensive services for effectively managing trusts and real estate assets.
- Real estate consultancy: Professional advice and assistance on various real estate matters.
- Insurance coverage: Tailored insurance products to protect against multiple risks.
Account management in the UAE private bank
You can not only open your account remotely but also manage it smoothly via a modern Internet banking platform and a user-friendly mobile app.
With these digital banking services, including the mobile version and Internet banking, you will save money on transaction fees.
If you prefer a more personal touch, you have the option to visit the bank’s branches or contact them by phone or fax.
Fees in the UAE private bank
| Service | Fee |
| Sending funds through mobile or Internet banking | Free of charge |
| Correspondent bank commission to the Central Bank of the UAE for AED transfers abroad (outside the UAE) | AED 105 |
| Account statement (subject to agreement on service frequency) | Free of charge |
| Deposit or withdrawal of funds in foreign currency | 0.79% of the amount, with the minimum fee of AED 21.10 |
| Card issuance and usage fees | They depend on your card type |
| Cash withdrawal in AED | 2.10 to 21.00 AED (depending on the country you withdraw your money in) |
Documents required to open personal accounts for non-residents with the UAE private bank
To open a personal account with the UAE private bank, non-resident customers will have to submit specific documents and meet certain conditions. Here’s what you’ll need:
- your international passport
- proof of where your funds come from
- completed bank forms, including the required Know Your Customer (KYC) documents
- detailed resume (CV) showing your background and experience
- deposit in either EUR or USD, with a minimum amount of 3 million*.
*Please note that while 3 million is the usual requirement, the bank is flexible and willing to discuss individual situations. They may consider alternative arrangements where you can deposit the full amount within a period of up to 1 year.
This private banking service is meant for personal use, trusts, and funds. You are not allowed to use it for commercial purposes.
To complete the account setup, the bank may ask you for more information.
Remote opening of personal accounts with the UAE private bank for non-residents: fees
Non-residents have the opportunity to open personal accounts with the private bank in the UAE, and the Q Wealth pro team is here to assist you with it. We will guide you through the necessary documents, introduce you to the bank, and make sure you understand all the important details.
Q Wealth charges 2999 EUR or more for the above remote account opening service.
Open a personal account with the UAE private bank as a foreigner: easy steps to follow
- Contact the Q Wealth team by email at info@qwealthreport.com or use your preferred method of communication to do it. Share the necessary information about yourself and your goals so that we can see if opening an account with the UAE private bank is possible for you.
- Pay the service fee, which starts from 2999 EUR.
- Submit all documents necessary to set up the account.
- Once your application is approved by the UAE private bank, we will collaborate to determine how you can make the initial deposit into your account.
- Congratulations! Your personal account with the UAE private bank is now ready to be used for international transactions, investments, and other financial activities.
Save your valuable time and effort by seeking assistance from Q Wealth experts. We will guide you through the process so that opening an account with the UAE private bank remotely is convenient and easy for you at every step.
