How to open a bank account in the UAE
The UAE banking system is highly reliable, and the dirham rate is tied to the US dollar (1 USD = 3.67 AED). UAE banks open accounts for Russian citizens and companies with Russian founders. However, due to sanctions pressure, the procedure becomes more complicated every month, and the terms increase. Nevertheless, if you prepare well and provide a large package of documents, the bank is highly likely to approve the opening of an account.
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About Versus
Versus is a leading consulting group providing legal and accounting services in key foreign markets.
Over the years of working in the UAE and other MENA countries, we have acquired a deep knowledge of local legislation, which, combined with knowledge of international standards, allows us to offer solutions tailored to the unique needs of each client.
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Experts in offices in Dubai and Abu Dhabi
250+
Successfully completed projects on the law of the UAE and other countries of the MENA region
