nex consultant

How to open a bank account for property investment in Dubai

Bank Account opening process for Property holding in Dubai

Dubai is one of the most attractive for business and property investment. World’s. real estate market Dubai property have its own signature and it’s dream land for real estate investors.

In Dubai property can be hold under two ways ;

  1. Dubai property investment by natural person
  2. Dubai property investment by company ( Holding Company Incorporated in Dubai )

Prior to purchasing the property in Dubai , it’s very important to open the bank accounts to prepare the managers Cheque and transfer of amount for the purposes of Dubai property purchase.

Talking about the DUBAI bank account opening you might have to aware of three ways of bank account opening scenarios in connection with Dubai property investments.

  1. Non resident personal Bank Account in Dubai Dubai Property investment / Dubai Property purchase
  2. Residents personal bank accout in Dubai for DUBAI Property investment / Dubai property purchase
  3. Offshore Company account in Dubai for Dubai Property investment /DUBAI Property investment / Dubai property purchase

Documents Required for Non Resident Bank Account in Dubai for Dubai Property Investment .

If the property is holding by a non resident natural personal (non resident individual ) then the buyer have to setup a non resident personal bank accout for the Property buying in Dubai .

For opening the non resident bank account the buyer / applicant presence in Dubai is mandatory to verify the original passport by the banks . Apart from that following documents have to submit to the bankers to open the non resident personal bank account for property purchase . / transfer .

  1. Copy of Passport with UAE entry page stamp
  2. Last six months personal bank statement from the country of origin or anywhere in the world
  3. Personal Profile / CV of the applicant /
  4. Copy of sale purchase agreement of property/ property sale contract between buyer & seller /investor (Signed is preferable)
  5. Copy of utility bill of the applicant showing the proof of address
  6. Company legal documents showing proof of ownership ( Only if the applicant is owning any company in UAE or Outside the UAE)
  7. Last three months bank statements from the company (Only if the applicant is owning any company in UAE or Outside the UAE.

Documents Required for Residents personal bank accout in Dubai for DUBAI Property investment / Dubai property purchase .

  1. Copy of passport with UAE resident visa page
  2. Emirates ID Card of applicant
  3. Utility bill with proof of address
  4. Salary Slip from the company ( if the applicant is an employee)
  5. Last three months bank statement of the company (Only If the applicant owning company in UAE/ outside UAE)
  6. Copy of company legal documents showing proof of ownership (Only if the applicant owning company in UAE / outside UAE )
  7. Personal Profile / CV of the applicant /
  8. Copy of sale purchase agreement of property/ property sale contract between buyer & seller /investor (Signed is preferable)
  9. NOC from the employer ( if the applicant is an employee of company in UAE)
  10. Legal documents of the employer company ( Only of the applicant is an employee of any company in UAE)

Documents Required for Offshore Company Bank Account in Dubai for Dubai Property Investment /Dubai property purchase.

  1. Copy of Certificate of Incorporation
  2. Copy of Memorandum/ Article of Association
  3. Copy of Good Standing Certificate
  4. Copy of Incumbency Certificate ( if Required)
  5. Copy of passport with UAE entry page stamp company owner / shareholders/company legal representative
  6. Copy of UAE residency visa page (Only if the company owner / shareholders/ company legal representative is holding UAE Visa)
  7. Copy of Emirates ID (Only if the company owner / shareholders/ company legal representative is holding UAE Visa)
  8. Last six months personal bank statement of company owner / shareholders/ company legal representative from the country of origin or anywhere in the world
  9. Last three months bank statement of the company (Only If the applicant owning company in UAE/ outside UAE)
  10. Personal profile of shareholder / legal representative
  11. Brief profile of the holding company and business activity of the company
  12. Few expected client list ( if any )
  13. Name of the countries the holding company deals

Why Nex Consultants

NEX Consultants can assist you with hassle free bank accout opening process for your property invest in Dubai . We will also advise you from the beginning of your property investment . We start with identifying right the property, negotiating with sellers , structuring the holding company for property investments , assisting in property transactions documentation and finally ensure to obtain hassle free process for obtaining the title deed .