Russian
English
Cost of account opening
от 1990 EUR
General information
Name
United Arab Bank
Country
UAE
Official web-site
https://www.uab.ae/
Bank history
UAB was founded in Sharja as a partner company between various investors of Emirates and French «Société Générale». The bank opened 25 branches across the country. UAB is in official alliance with Commercial Bank of Qatar and National Bank of Oman. Thus the foundation for active growth of all three banks in the region was created.
Founding date
1975
Account Opening Terms
Recommendations
Required
Description of activity
Detailed
Account type
Corporate and personal.
Required documents
Passport; resident visa with entry stamp; Emirated ID if applicable; CVs of shareholders; 3 months bank statement; info about beneficiaries; corporate documents; description of area of client's business activity; bank recommendation letter from previous bank
Minimum balance
120087
Account opening nuances
The bank is interested in clients who have from 1mil EUR/USD in account turnover a year and large leftovers on company's accounts. The bank doesn't open accounts for companies directly/indirectly linked to military technology.
Account opening, possibility
Calculated
Cost and nuances of account maintenance
Translation cost
Transfers via internet-banking inside UAE - free; Transfers in foreign currency through SWIFT via internet-banking - 30AED
Enrollment fees
Incoming transfers -free; accepted foreign currency transfers in that currency - 10USD; transfers in foreign currency converted to AED - 10AED+conversion commission
