Open Bank Account in Qatar


If you’ve just moved to Qatar you may have already taken in some of the sights like The Pearl or The Corniche, visited the wonderful shopping malls, strolled through Souq Waqif or eaten out in great restaurants. But in order to keep enjoying these experiences, if you are working for a foreign company on a visa, being employed by a local Qatari business, or beginning your own startup, you will soon discover that opening a Qatari bank account as soon as possible will become a top priority.
In order to open a bank account, you will need to submit certain documents including the following:
An official employment letter from your employer in Qatar signed by both of you and stating your monthly wage.
If you only want to open a savings account you do not need to submit a salary certificate.
A scanned copy of your passport information page – (the page in your passport that contains your photo and personal information.)
A copy of your residence permit.
What is the amount of the initial deposit required to open an account?
This depends on the type of bank account you are opening. If you want to open a salary account you don’t need to deposit an initial amount. On the other hand, if you want to open a savings account, you will have to deposit a certain amount of money and this amount varies from bank to bank. For example, to open a saving account at Qatar Islamic Bank, you will have to make an initial of deposit QR 5000, whereas at Qatar Commercial Bank the required deposit is QR 10,000.

  • Growth through innovation/creativity:
    Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees.
  • Increased profits:
    The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
  • Higher business values:
    The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly.
  • Lower staff turnover:
    This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.

Leave a Reply