Arab Bank for Investment and Foreign Trade (Al Masraf)
Country
UAE
Official web-site
http://www.almasraf.ae
Bank history
The bank was created in partnership with UAE, Libya and Algeria with HQ in Abu-Dhabi. It offers a full spectre of financial services across 11 branches
Founding date
1976
Account Opening Terms
Recommendations
Required
Description of activity
Detailed
Account type
Corporate and personal.
Required documents
Passports of applicant, directors/shareholders/beneficiaries; filled bank form (client ID, info about the account, purpose); corporate documents; Emirates ID card; visa copy; commercial license copy
Minimum balance
24000
Account opening nuances
The bank requires Emirates ID and it is applicable only to tax residents
Account opening, possibility
Calculated
Cost and nuances of account maintenance
Translation cost
40 AED
Enrollment fees
0,125 %
Account maintenance cost
150 AED
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