Bank Account Opening for Russian Nationality in UAE – A Complete Guide (2025)
The United Arab Emirates (UAE) remains one of the most attractive destinations for Russian nationals seeking financial stability, asset protection, and business opportunities abroad. Whether you're relocating, investing, or managing international transactions, opening a bank account in the UAE as a Russian national is not only possible but increasingly streamlined—despite global geopolitical tensions affecting cross-border finance.
In this guide, we walk you through everything you need to know about opening a personal or corporate bank account in the UAE as a Russian citizen , including requirements, best practices, and current banking options.
Can Russians Open Bank Accounts in the UAE?
Yes, Russian nationals can open bank accounts in the UAE , both personal and corporate , provided they meet the necessary documentation and compliance standards. While some international banks have tightened their policies due to sanctions and regulatory scrutiny, many UAE-based banks remain open to Russian clients , especially those operating under Central Bank of UAE regulations or within free zone financial centers like DIFC (Dubai International Financial Centre) .
Types of Bank Accounts Available
Personal Bank Account
- For individuals residing in or connected to the UAE.
- Can be savings, current, or multi-currency accounts.
Corporate Bank Account
- For businesses registered in the UAE mainland, free zones, or offshore jurisdictions.
- Required for companies operating in trade, services, real estate, etc.
Offshore Bank Account
- Offered by DIFC, RAK Bank, or other licensed offshore institutions.
- Ideal for international trade, investment holding, or asset diversification.
Step-by-Step Process to Open a Bank Account in UAE for Russian Nationals
Step 1: Choose the Right Bank and Account Type
Top UAE banks that accept Russian clients include:
- Emirates NBD
- Mashreq Bank
- Commercial Bank of Dubai
- HSBC UAE
- Standard Chartered UAE
- RakBank
- National Bank of Ras Al Khaimah (RAKBANK)
Some banks may require you to hold a residency visa , while others allow non-residents to open accounts with proper documentation.
Step 2: Prepare Required Documents
Banks will ask for both personal identification and proof of address , along with additional documents depending on the account type.
