How to Open an Emirates NBD Account in Dubai | A Complete Guide for Residents, Expats, and Businesses

Learn about the process of opening an Emirates NBD (National Bank of Dubai) account for a Dubai expat, which entails various account types, requirements, documentation, and procedures applicable to a range of residents, non-residents, and businesses. Therefore, it is an invaluable resource for anyone contemplating migration or establishment of business in Dubai.

1. Introduction

Dubai is truly a global epicentre of finance, trade, and innovation, and thus needs a strong banking infrastructure that caters to both individual and corporate needs. But whether it be for work, business, or just a better banking experience, a local account translates into smooth banking transactions and the legal process of the UAE.

Emirates NBD, among the top-notch ones in the business, will be the front-runner regarding its range of value offerings, digital innovations, and reputational goodwill in the market. Emirates NBD operates its business from Dubai across the Middle East and beyond, serving a roster of millions of customers, including expats, locals, and corporations.

Having a bank account in Dubai is not a luxury; in fact, it’s a necessity for many things, including receiving a salary and paying rent, working for a residence visa, or working towards starting a business.

This guide elaborates on the steps through which to create an Emirates NBD account in Dubai, the requirements, the step-by-step procedure, and account options for residents, non-residents, and business owners. This guide also includes answers to frequently searched questions people have before opening an Emirates NBD account.

Let’s explore and see how this prestigious bank could accompany your financial journey in the UAE.

2. Why Choose Emirates NBD?

Emirates NBD is now one of the largest banks in the Middle East, established from the merger of Emirates Bank International and the National Bank of Dubai in 2007. Financial services offered by Emirates NBD include retail banking and corporate banking, wealth management, and digital banking platforms.

A unique thing about Emirates NBD is a powerful digital ecosystem comprising a highly rated mobile banking app, custom online banking access, and AI-supported customer service focusing on customer convenience across its varied client base. With Liv. Account (for millennials) and E20. Account (for entrepreneurs), the bank aims to meet the digital needs of the present generation.

Having an Emirates NND account in Dubai supports the different aspects of international banking access on behalf of one’s business claimants. This indicates increased credibility in business transactions and possible facilitation in loans, credit cards, and investment facilities.

This entrepreneur requires a good banking relationship in an emerging setup to get up and running in a new market like Dubai. Support services like trade finance, SME loans, and payroll services offered by banks like Emirates NBD complete the desired entrepreneur ecosystem.

Thus, whether saving money for personal use or funding a start-up, Emirates NBD banking is a wise alternative owing to its stability and reputation.

To help with global business expansion
make sure you choose us.

Get in touch with our team to find out about our approach

BOOK FREE CONSULTATION

Response within 24 Hours

3. Types of Emirates NBD Accounts Available

Before opening an Emirates NBD account, it’s important to understand the various account types tailored to different customer needs.

1. Savings Accounts

Suitable for individuals wanting to earn interest on deposits while retaining easy access to funds. Different tiers apply based on deposit size and currency preference.

2. Current Accounts

An account that allows frequent transactions and provides cheque books, debit cards, and/or flexible access to funds. They work best for salaried persons and self-employed people as well.

3. Business Accounts

These might be suitable for start-ups, SMEs, and large enterprises that come with features like multi-currency support, online banking, payroll services, and trade finance options.

4. Accounts for Non-Residents

If you’re not a UAE resident but want to bank here, Emirates NBD offers an array of specially designed non-resident accounts subject to eligibility and minimum balance requirements.

5. Digital Accounts

• Liv. – A lifestyle banking app targeted at young adults and expats.
• E20. – A digital business account for freelancers, startups, and small business owners.

Each type of Emirates NBD account in Dubai is crafted according to specific needs. Choose one that aligns with your financial goals, whether personal or professional.

4. How to Open an Emirates NBD Account – Step-by-Step Guide

Opening an Emirates NBD account is quite a formal but flexible process. This is how it mostly works:

Step 1: Choose the Right Account

Evaluate your needs, like personal banking, business operations, savings, or digital flexibility. Browse the Emirates NBD website to explore available options.

Step 2: Gather Required Documents

The documentation required differs slightly from one account type to another. However, in general, you shall need:

• Valid passport
• Emirates ID (if resident)
• UAE residence visa
• Proof of address
• Salary certificate or trade license

Step 3: Apply Online or Visit a Branch

Residents can initiate the procedure online by filling out the application form on the Emirates NBD site or the mobile app. Otherwise, you may visit the nearest branch with any physical documents available.

Step 4: Submit Documents and Complete Verification

Verification of identity and documents shall be done by the bank personnel. You may also be invited for an onboarding interview or a KYC (Know Your Customer) submission for business accounts concerning partners/shareholders.

Step 5: Initial Deposit and Account Activation

Activation of your account could be done within 1-3 business days, but this is subject to approval and deposit of an initial amount, depending on the type of account. The latter deposit also includes any applicant online for Liv. or E20. Account approval in such cases may be incredibly fast, at times within 24 hours.

With this process, setting up an Emirates NBD account in Dubai becomes a breezy affair, whether you are presently on the ground or planning from afar.

5. Emirates NBD Account Opening for Residents in the UAE

As a resident of the UAE, the straightforward procedures for opening an Emirates NBD account flaunt eligibility if:

• Hold a valid Emirates ID
• Have a UAE residence visa
• Are employed, self-employed, or a student with valid documentation

Documents Required:

• Passport
• Emirates ID
• UAE residence visa
• Salary certificate (for salaried)
• Trade license (for business owners)
• Proof of address (utility bill or tenancy contract)

Salaried persons commonly open current accounts, while freelancers or business owners may opt for business or smart digital accounts such as E20.

Open online or at a branch with a full set of documents, and within a few days, your Emirates NBD account will be opened in Dubai.

6. Emirates NBD Account Opening for Non-Residents

Non-residents may open an Emirates NBD account, yet the process may demand more scrutiny.

Who Qualifies as a Non-Resident?

• Foreign nationals without a UAE residence visa
• Individuals who regularly visit the UAE for business or personal purposes

Documents Required:

• Valid passport
• Recent utility bill or bank statement (proof of overseas address)
• UAE entry stamp or tourist visa
• Reference letter from your home country’s bank (in some cases)

Restrictions and Conditions:

• Higher minimum balance (normally AED 10,000 or above)
• Limited services (e.g., no cheque book and credit card)
• May not be eligible for some digital accounts

Notwithstanding the restrictions mentioned above, many non-residents prefer to open accounts to manage assets or investments in the UAE. An Emirates NBD account can serve as a far-reaching financial tool for some affected in the lives of real estate investors or those frequently travelling.

7. Emirates NBD Account Opening for Foreigners

Foreigners who have recently moved to the UAE (due to work, family, or business) are open for an account once their residency process begins.

Key Difference:

Unlike the Non-Residents, active holders of the UAE visa and Emirates ID for banking purposes are classified as Foreigners.

Documents Required:

• Passport
• UAE residence visa
• Emirates ID (or application copy)
• Proof of address in the UAE
• Employment letter or trade license

For expats, opening an Emirates NBD account in Dubai is one of the first things to do when starting life in the UAE. A local bank account will be required to receive salaries, pay rent, or register for local services.

For this reason, Liv. by Emirates NBD is an excellent digital choice for recently arrived expats because of its quick setup and minimal amount of paperwork needed.

To help with global business expansion
make sure you choose us.

Get in touch with our team to find out about our approach

BOOK FREE CONSULTATION

Response within 24 Hours

8. Requirements for Opening an Emirates NBD Account

Here is a summarized list of things you need to open an Emirates NBD account in Dubai, depending on whether you’re an individual or a business:

For Individuals:

• Valid passport
• UAE residence visa
• Emirates ID
• Proof of address (utility bill, tenancy contract)
• Salary certificate or employment letter

For Businesses:

• Valid trade license
• Shareholder passports and visas
• Memorandum of Association (MOA)
• Board resolution (if applicable)
• Office tenancy contract

Initial Deposit and Balance Requirements:

• Personal accounts: AED 3,000–5,000 minimum deposit
• Business accounts: AED 25,000 or more
• Non-resident accounts: Higher minimums (AED 10,000+)

These requirements will ensure faster approval and account setup.

9. Do Businesses in Dubai Have to Mandatorily Have an Emirates NBD Account?

Particularly, businesses in Dubai are not required to have an Emirates NBD account. For all licensed companies in the UAE, though, it is mandated to have a corporate bank account.

That said, opening an Emirates NBD account in Dubai is usually a preferred option because of:

• Strong local and international presence
• Customized SME and corporate packages
• Trade finance and lending options
• Payroll services and business credit cards

While many of the alternatives, ADCB, Mashreq, and RAKBANK, are available, the larger part of startups and giants land the Emirates NBD account as a reliable name with a vast establishment.

So while it’s not mandatory, it is certainly a strategic advantage for businesses aiming for growth and credibility.

10. FAQs

Q1. How long does it take to open an Emirates NBD account?

Usually 1-3 working days for residents, up to a week for businesses or non-residents.

Q2. Is there a minimum balance requirement?

Yes. For individuals: AED 3,000-5,000. For businesses: AED 25,000+. Non-residents may have higher limits.

Q3. Can I open an account online without visiting the branch?

Yes, new digital accounts like Liv and E20 may be created online while traditional account creation may require a branch visit.

Q4. Can freelancers or startups open an Emirates NBD account?

Yes. E20. especially caters to freelancers and SMEs, and keeps documentation requirements to a minimum.

Q5. What are the service charges or account maintenance fees?

The fees charged depend on the different types of accounts. Personal accounts are allowed to have maintenance fees if the minimum balance is not maintained. Business account holders’ accounts are subject to the applicable charges per month and/or a limit on transactions.

11. Conclusion

Opening an account in a UAE bank is an important step if an individual intends to settle or do business in the area. Be it a resident or non-resident, a national or an entrepreneur, a bank account with Emirates NBD in Dubai would instill trust in the banking experience, safety, and at the same time offer the facilities one would expect in a worthwhile bank.

From bespoke corporate solutions to flexible digital accounts such as Liv and E20, Emirates NBD has ‘something’ for everyone in terms of financial need. A clear application procedure, responsive customer service, and a strong digital platform make financial tracking easy and efficient.

An Emirates NBD account opens doors to one of the most trusted banking networks in the UAE, whether resident or in the position of a new expat, or starting a business.

Need assistance with opening your Emirates NBD bank account in Dubai? Arnifi simplifies the process by offering its expert services in documentation, compliance, and approvals. Get your account set up now with Arnifi!