The current economic stability of the United Arab Emirates - UAE is very satisfactory for financial institutions and banks. Most of the businessmen are looking for a Dubai bank account opening, to secure their monetary assets. But sometimes it becomes difficult to prepare the documents by yourself.

Then it's time to get in touch with a CTB Finance consultant in Dubai. They will help you open your bank account and guide you through the entire process of opening a bank account in Dubai.

The process of opening a bank account in Dubai is a stressful undertaking and includes a considerable amount of documentation, although the needs differ from bank to bank. All normal banking services are provided by banks in Dubai such as savings, current accounts and investment account.

TYPES OF BANK ACCOUNT OPENING IN DUBAI

Current Accounts

A checking account is a transaction account, which comes with a verification option for the account holder. A checking account comes with some facilities like debit card, checkbook as well as various other banking advantages.

A checking account is perfect for regularly formed transactions and transits. Your checking account provides a checkbook, which is good for writing checks when renting property in Dubai.

There are many different kinds of bank accounts, which cater to residents and non-residents of the country.

Savings Accounts

Several people in the country open a savings account so that they can receive the most out of their amount. Savings accounts give great rates of interest than current accounts, but give limited access to amounts. They even can lead to fines for withdrawals.

Savings accounts generally run on either a feasible or fixed rate of interest. Within a savings account, you are able to select which currency you would like to denominate your amounts in.

Investment Account

The next type of account is an investment account. In the country, you can sign an acquisition contract with any bank, which permits you to secure an investment bank account. The acquisition tenure for these generally arrays from 12 months to ten years. The acquisition contract provides you a minimum guaranteed ROI of 3-7 yearly.

Offshore Account

The country is a hub for migrants, that’s why the country gives offshore banks from jurisdictions over the world. It is particularly fact in Dubai, where several migrants select to reside and work. In this country, anybody who possesses a legal residence visa is qualified to secure an offshore bank account in Dubai and utilize it to export and import their funds. This is deemed to be a sustainable, protected, and trusted way of transferring money and generally includes lower taxes than other banking choices.

Offshore Account

The country is a hub for migrants, that’s why the country gives offshore banks from jurisdictions over the world. It is particularly fact in Dubai, where several migrants select to reside and work. In this country, anybody who possesses a legal residence visa is qualified to secure an offshore bank account in Dubai and utilize it to export and import their funds. This is deemed to be a sustainable, protected, and trusted way of transferring money and generally includes lower taxes than other banking choices.

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