How to open a bank account in Ahli United Bank

• the bank was founded in 1971 in Kuwait, and has been represented in Bahrain since 2000;
• the bank opens savings (deposit) and current accounts;
• the bank only opens accounts for local companies registered in Bahrain, and personal accounts also only for residents of Bahrain;
  to open an account for a foreign company will require the opening of a branch in Bahrain;
• minimum account balance BHD 500* (~ USD 1 330), if lower the fee is BHD 5,5 (~ USD 15); threshold for Premium Banking is BHD 37 000 (~ USD 100 000);
• personal visit of the founders and account signatory to Bahrain is required to open the account;
• there is no deposit requirement for the corporate account, but requires that authorized capital be deposited in the account (recommended as the optimum amount of authorized capital is BHD 10 000). The authorized capital in the account is blocked until the procedures for CPR, licenses, etc. are completed;
• no restrictions on payments to/from Russia (except for transactions with sanctioned banks);
• available currencies: BHD, USD, EUR, but you must first open an account in the local currency;
• it is possible to issue bank cards and checkbooks;
• pre-approval is possible before the account opening process;
• fee for transfer to foreign bank is ~5,5 BHD* (~15 USD);
• Internet bank in English;
• time of account opening: about 1-2 weeks

*Rates are approximate as they may eventually vary depending on the service program chosen by the client in the bank