Noor Bank was formed in Dubai in 2008, substantially controlled by the ruling family of Dubai. A personal visit for initial bank account opening is required by the bank.

Noor Bank Features:

Internet banking facilities in English & Arabic

Debit Cards are NOT available for corporate accounts

Bank’s fees and charges

Account opening set up fee for RAK Offshore companies - AED 2,000 (is charged by the bank starting from  November 1, 2015).

Minimum account opening deposit AED 10,000 (c. US $2,750)

Minimum balance to be maintained AED 10,000 (c. US $2,750)

Monthly maintenance fee AED 100 (c US $27.50) if balance falls below minimum

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Please note that TMS FZE provides an execution only service in respect of the formation of companies, opening bank accounts and related services. Therefore comments or suggestions made by us should not be considered as formal advice. Should you require formal structuring advice, please contact us.

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