How to open a bank account in Doha Bank

GSL reference about the bank What is it?

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GSL rating

Beginning of cooperation

May, 2023

Last contact

November, 2024

Last update

June, 2024

the bank was founded in 1979, one of the most important commercial banks in Qatar;
the bank opens savings (deposit) and current accounts;
the bank only opens accounts for local companies registered in Qatar, as well as personal accounts also only for residents of Qatar;
to open an account for a foreign company, you will need to open a branch in Qatar;
minimum balance required is QAR 50 000* (~ USD 14 000), if below this the fee of QAR 650 will be charged;
for account opening personal visit of the founders and the account signatory in Qatar is required;
the main available currencies: QAR, USD;
it is possible to issue bank cards and checkbooks;
pre-approval is possible before the account opening process;
fee for transfer to a foreign bank is ~ QAR 150* (~ USD 41), within Qatar – QAR 75 (~ USD 20);
Internet Banking in English;
Account opening time: about 2 weeks

*The rates shown are approximate as they may ultimately vary depending on the service program chosen by the client at the bank

GSL rating

Beginning of cooperation

May, 2023

Last contact

November, 2024

Last update

June, 2024

Поиск консультанта...

+44 0 207 822 85 93

General information and rating

Not rated

Global rating

Not rated

Countrywide rating

—

Countrywide rating of the head bank

—

Global rating of the head bank

Year of foundation

1979

History

Doha Bank is one of the largest commercial banks in the State of Qatar. Inaugurated in 1979. Doha Bank has established overseas branches in Kuwait, United Arab Emirates, and India as well as representative offices in Japan, China, Singapore, South Africa, South Korea, Australia, Turkey, United Kingdom, Canada, Germany, Bangladesh, Sri Lanka and Nepal

Personnel

There are English-speaking staff

Bank’s shareholders

Individual Insiders - 6,0%; shares Institutions - 6,2%; State or Government - 6,6%; Sovereign Wealth Funds - 17,1%

Confidentiality

Double Taxation Agreement with Russia is signed; AML legislation is strictly observed

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Minimum requirements

12 770

Minimum balance, €

No restrictions

Transactions permitted per month

12 770

Initial deposit of funds, €

1

Deadline for the initial deposit, month

Minimum balance, €

Minimum balance required is QAR 50 000 (~ USD 14 000), if below this the fee of QAR 650 will be charged

Transactions permitted per month

No limit on the number of transfers

Initial deposit of funds, €

The initial payment is equal to the minimum balance of the account

Deadline for the initial deposit, month

After opening an account

Minimum turnover, €/year

No turnover limit

How fast payments are executed

Same day or next day

Tariffs and services

38

Outcoming transfer, €

0

Incoming transfer, €

0

Account maintenance, €/year

N/A

Payment limit for credit cards, €/day

Outcoming transfer, €

Fee for transfer to a foreign bank is ~ QAR 150 (~ USD 41), within Qatar - QAR 75 (~ USD 20)

Incoming transfer, €

The bank does not charge for crediting

Account maintenance, €/year

The fee is charged if the minimum account balance (QAR 50 000 (~ USD 14 000)) falls below the minimum balance. In this case the fee is QAR 650

Distant access to the account

Internet Banking in English

Financial products

Doha Bank provides domestic and international banking services for individuals, commercial, corporate and institutional clients through four business groups – Wholesale Banking, Retail Banking, International Banking and Treasury & Investments

Credit/debit cards

It is possible to issue bank cards and checkbooks

Account opening procedure

Days to open for incoming transfers

Case by case

Days to open for outcoming transfers

Case by case

References

Not necessary

Purpose of the account

Savings & current

Visit to the bank

To open an account, a personal visit of the founders and the account signatory to Qatar is required

Required

For a legal entity: License; Memorandum and Articles of Association; Director's Resolution on account opening and appointment of account manager; completed Company Profile.

The application forms of the company and the owner; bank account statements of the company for the last 6 months (if the company is new, they can provide account statements of other companies of the owner); copies of current contracts with counteragents; rental contracts of the office, cash flow chart, ownership structure chart etc.

For an individual (director / shareholder / beneficiary / attorney): proof of identity (passport) + bank statements for the account signatory; proof of address (not older than 3 months) (Tenancy for account signatory); CV; bank references + bank statements for the last 6 months

Types of accounts

Savings; Current

Chances to open an account

Predictable

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