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Can I open a bank account in Dubai as a non-resident? I am a Sudanese and also I am an American citizen. I would like to know what is the minimum amount of money allowed me to open an account in Dubai?
One of the major requirements to be able to open a bank account in the United Arab Emirates is the Residency Visa. If you are not currently resident, and not planning to become one, then I recommend forming an Offshore (IBC) License that will allow you to open a Corporate Bank Account underneath.
The Offshore License option is the most cost-effective solution to served the need of opening a Bank Account. Meanwhile, the Corporate Bank Account will not limit you with your financial transactions and it will give you ZERO restrictions for any capital repatriation.
I hope the information above helps.