The UAE’s banking sector offers a variety of options with numerous local and international institutions, allowing you to tailor your bank account to your preferences. Unfortunately, Russian banks and those from other CIS countries are not present in the UAE, and the few Russian banks in the country don’t engage with individuals or businesses. The banks in the UAE can be broadly categorized into local financial institutions and international branches of foreign banks. While HSBC, CitiBank, and Bank of Baroda are well-known, local banks may be less familiar. Opening a bank account in the UAE can be a challenge due to the lesser-known local banks. Our objective is to guide clients through the state banking system, recommending the institution that best aligns with their business requirements.