Opening an Account at Banque Misr (UAE)
Opening an account at Banque Misr involves creating a personal or business banking account with a well-established financial institution. This service includes submitting required identification and documentation, choosing the appropriate account type such as savings, current, or fixed deposit, and meeting bank-specific criteria.
Banque Misr offers various account options tailored to different needs, including local and international transactions, online banking access, and customer support. Key features include:
- Saving and settlement (current) accounts
- Personal and corporate accounts for local UAE and foreign companies incorporated OUTSIDE the UAE
- Min. monthly balance – AED 10.000 (~USD 2 730), and for Elite Private Banking ~ USD 100.000
- Incoming transfer ~ AED 20 (~ USD 5.5)*, outgoing transfer ~ AED 150 (~ USD 41)*
- Bank cards
- Internet banking in English
- Pre-approval is applied for before the opening process starts, which helps to prognose your positive chances
- The beneficial owner is required to personally visit the UAE for the opening of account
The bank fees are indicative and may ultimately differ depends on the banking package chosen by the client.
Requirements for Documents and Account Opening Details
For a legal entity:
- Completed Company Profile;
- Business Plan;
- Resolution for opening an account and appointing a signatory to the account;
- Memorandum and Articles of Association.
UAE banks generally accept corporate documents without notarization.
If there is a corporate director / shareholder / secretary in the structure, it is necessary to provide the bank with all the documents listed above.
Since the UAE is not party to the Hague Convention on Apostille, copies of all statutory documents for the corporate director / shareholder / secretary must be legalized by the UAE embassy in the country of issue.
- completed bank forms;
- statement of the company’s bank account for the last 6 months (in the case of a new company, bank and financial statements of the owner’s other company can be provided with the proof of his ownership);
- copies of existing contracts / invoices with counterparties;
- confirmation of the source of origin of funds, including the initial deposit;
- office lease agreement, cash flow chart, ownership structure chart, etc.
For an individual (directors / shareholders / beneficial owners / attorneys):
- Proof of ID (passport);
- Proof of address (not older than 3 months);
- CV;
- Bank reference letter and bank statements for the last 6 months.
* The list is not exhaustive. The bank may request any additional documents and information.
with ITA
With extensive experience assisting clients across the UAE, ITA Business Consultants is your trusted partner for opening bank accounts at Banque Misr. Our dedicated team works closely with the bank to simplify the account opening process and ensure a smooth, hassle-free experience tailored to your business and personal needs.
We provide expert guidance through every step—from preparing the required documentation to finalizing your account setup—helping you gain access to flexible banking solutions that support your financial goals. Whether you are an individual or a company, our personalized service ensures fast and compliant account opening.
Fill out the form below to connect with our specialists and discover how we can help you open your Banque Misr account quickly and efficiently.