How to open a bank account in Ruya Bank

Corporate accounts are serviced at AED 79 per month, personal accounts are serviced free of charge

Internet banking in English and Arabic

The bank provides a full range of banking solutions based on digital technologies

Bank cards can be issued

Accounts are opened remotely; no requirement to visit a bank branch (this applies to both personal and corporate accounts)

For a legal entity: License; Memorandum and Articles of Association; Director’s resolution for opening an account and appointing a signatory to the account; Completed business plan of the company; Office or flexi desk lease agreement; Certificate showing the number of shares of each shareholder of the company; Statement of the company’s bank account for the last 6 months (in the case of a new company, a statement of the owner’s personal account showing the source of income can be provided instead); Copies of existing contracts with counterparties (if any).

For an individual (directors / shareholders / beneficial owners / attorneys): Proof of ID (passport), a copy of the UAE visa and Emirates ID for the signatory to the account and all shareholders of the company; CV for the signatory to the account and all shareholders of the company; Statement of a personal bank account of the signatory for the last 6 months (the bank accepts account statements without translation into English).

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

Savings; Current

It is possible to open an account without visiting the country where the bank is located

Predictable