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Banking & Financial Accounts

UAE International & Multi-Currency Bank Account

United Arab Emirates

Help arranging an international or multi-currency account for UAE companies trading with customers and suppliers in different countries.

The UAE is an international trading centre, so many companies need more than a simple dirham account. Businesses importing goods, exporting services or dealing with customers across several countries can benefit from being able to receive and make payments in the currencies they use most often.

Coutts Consultants can help identify a suitable third-party provider and prepare the application. We look at the countries, currencies, customers and suppliers involved so that the account is suited to the company's real payment needs.

Useful for international business

This service can suit trading companies, consultancies, regional headquarters, e-commerce businesses and other UAE companies receiving or making regular overseas payments.

Available currencies and facilities vary by provider, so we confirm what is actually offered before making an introduction.

Choosing the right type of provider

The most suitable route may be a conventional bank or, for some payment requirements, a regulated specialist payment provider.

We explain what type of account is being proposed and do not describe every international payment product as conventional banking.

Preparing the transaction profile

Providers will usually want to know which countries the company deals with, expected payment values, currencies and the nature of its customers and suppliers.

We help organise this information with the company, ownership and source-of-funds documents so that the expected account activity is easy to understand.

How Coutts Consultants can help

We review the international banking requirement, identify a suitable provider route and help prepare the application before making an introduction.

The third-party provider decides acceptance and sets its own currencies, fees, exchange rates, limits and account conditions.

Service details

Why choose Coutts Consultants

Coutts Consultants helps internationally active UAE companies apply for suitable multi-currency banking or payment facilities through third-party providers.

What is included

  • Currency and payment review
  • Country assessment
  • Provider comparison
  • Application preparation
  • Provider introduction

Benefits

  • Receive and pay in useful currencies
  • Account matched to actual trade
  • Clear provider comparison
  • Help with international payment information

Requirements

  • Lawful international business
  • Clear currency requirements
  • Full ownership disclosure
  • Suitable KYC evidence
  • Provider eligibility

Documents required

  • Company and licence documents
  • Owner/manager ID
  • Customer and supplier information
  • Expected currency/payment details
  • Source-of-funds evidence where requested

How it works

  1. 01Discuss currencies and payment needs
  2. 02Review expected transactions
  3. 03Prepare KYC information
  4. 04Select provider route
  5. 05Make introduction
  6. 06Assist through onboarding

Timescale

Timing depends on the provider and complexity of the company's international activity.

Related knowledge & guidance

Ready when you are

Ready to discuss your international business requirements?

Tell us what you are looking to achieve and we will help you identify the appropriate jurisdiction, structure or service.