Menu
Expat.com

Opening Bank Account

Post new topic

pmilind

Hello All,

I am a US citizen and I am on visitor's visa in Bahrain.  I need to open a bank account as I may be coming here frequently and would stay for more than 2 months each time.

Any suggestions or list of documents required.

Your help appreciated

Regards

XTang

It used to be that banks would allow people without a CPR to open up a "savings" account in the past.  But now, with all the compliance requirements and so on, I very much doubt that any bank will allow you to open an account without having a residency/CPR.   

Your citizenship is also an issue due to the stringent FATCA/CRS requirements - if any bank is lenient to any other country's citizens, they definitely won't be towards you.  It costs them time and effort for reporting requirements for US Citizens so they will follow the process BY THE BOOK for opening an account for you i.e. residency, CPR, employer letter etc etc. Blame IRS for that :).

pmilind

Thank you for prompt reply.

At the same time can you help me with the procedure for opening WLL.

I do not intend to take any local partner.

Regards,

XTang

I have already put a sticky on the forum for this:

https://www.expat.com/forum/viewtopic.php?id=739858

And you can only open an SPC if there is only one partner i.e. you.  WLL by design has two or more partners.

Articles to help you in your expat project in Bahrain

  • Opening a bank account in Bahrain
    Opening a bank account in Bahrain

    Opening a local bank account is essential for receiving your salary. The Wage Protection System (WPS) is designed ...

  • Getting married in Bahrain
    Getting married in Bahrain

    Bahrain allows anyone who resides in the country to get married, irrespective of nationality or religion. The ...

  • Driving in Bahrain
    Driving in Bahrain

    Expats love the freedom and convenience of driving, and many choose to purchase or rent their own car. But, ...

  • Relocating with your pets to Bahrain
    Relocating with your pets to Bahrain

    One of the decisions to make when relocating to a foreign country is what to do about pets. For many expats, there ...

  • Starting a business in Bahrain
    Starting a business in Bahrain

    According to the World Bank Group report for 2019, Bahrain lies 3rd out of 20 nations, for ease of doing business ...

  • Studying in Bahrain
    Studying in Bahrain

    The universities and colleges in Bahrain are too numerous to mention. The majority are Bahrain institutions, but ...

  • Education and childcare in Bahrain
    Education and childcare in Bahrain

    Both public and private schools are available in Bahrain, but most expats tend to enrol their children in private ...

  • Healthcare in Bahrain
    Healthcare in Bahrain

    Bahrain has world-class medical facilities, health professionals, and easy access to medical treatments. Public ...

All of Bahrain's guide articles