Open Banque Misr Bank Account in UAE

Bank Misr is a reputable and reliable financial institution. It was opened in the UAE in 1974 under the brand name of Banque Du Caire, which was altered to Banque Misr in 2008. The bank offers a wide range of banking products and services including:

1. Banque Misr Internet Banking.
2. Banque Misr Savings Account.
3. Banque Misr Business Banking

That meet the needs of individuals and businesses in Egypt and beyond. Its commitment to security and innovation has earned it a strong reputation in the banking industry.

The bank also offers a range of lending and financing options, including personal loans, car loans, and mortgages. For businesses, Bank Misr provides working capital financing, trade finance solutions, and project finance services.

In addition to traditional banking services, Bank Misr offers digital banking options such as online banking, mobile banking, and ATM services. These services allow customers to access their accounts and perform transactions conveniently and securely anywhere any time.

To clients willing to open Banque Misr personal bank account in UAE or
open Banque Misr business bank account in UAE, Banque Misr offers:

• savings (deposit) accounts and current accounts;
• accounts NOT for local companies only: LLC, Free Zone Company;
• personal accounts for residents and non-residents but also for foreign companies registered NOT in the UAE;
• accounts for non-UAE companies;
• the bank accepts beneficiaries from the Russian Federation;
• the bank opens accounts in AED, USD, EUR, CNY, GBP.

• Bank employees will interview the business founder, so he/she has to be personally present to open a bank account.
• The bank looks at the entrepreneur’s motivation and their general awareness and adequacy.
• Before applying to the bank, the entrepreneur must rent an office so that the business has a registered office address. This is an important point for the bank staff.

1. Personal Account.
2. Corporate Account.
3. Savings Account.

The bank required minimum average monthly balance is AED 10,000. Outgoing payment fee is AED 150. Incoming payment fee is ~ AED 20. For current accounts the number of transfers is unlimited. Payments are made on the same day or the next day.

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

• 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. The beneficial owner/manager must visit the country to open an account.

Application period is 1 month.

A pre-approval is made before the account opening process begins (a positive response in this case allows us to say that the account is likely to eventually be opened).