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Banque Misr

The Bank was established in the UAE in 1974 under the name of Banque Du Caire and the name was changed to Banque Misr in 2008. Banque Misr has a network of 5 branches across the UAE located in Abu Dhabi, Al Ain, Dubai, Sharjah and Ras Al Khaimah.

https://www.banquemisr.ae/

from 8 000 AED
General Information
Banking products
It is a universal bank. Offers retail, private, corporate and investment banking products and services
Account Types
Personal; Corporate; Savings; Current
Minimal Requirements
Minimum balance, €
minimum deposit for corporate account AED 25.000, for personal account – from AED 60.000
Permissible number of transfers per month
For settlement accounts, the number of transfers is not limited
Efficiency of payment
Payments are made on a day or the following day
Tariffs
Transfer, € (for the amount of € 50 000)
Outgoing payment fee is 100 AED
Crediting, € (for the amount of € 50,000)
Incoming payment fee is 20 AED
Account maintenance, € / year
Account Opening
Requirements

For a corporate account: set of the company’s corporate documents; completed bank questionnaires for the company and owner; bank statements from the company account for the last 6 months (if the company is new, then bank statements from the owner’s other company account); confirmation of the source of the funds, including with respect to the initial deposit; copies of existing contracts with partners; office lease contract, cash flow chart, ownership structure chart, etc.

For a personal account: proof of identity (passport); proof of address (not older than 3 months); CV; bank reference letter + bank statements for the last 6 months.

The list is not exhaustive. The bank may request any other documents and information.

Departure to the bank
The beneficial owner / manager must visit the country for account opening
Duration of application, months
1 month