What are the types of documents that are accepted as proof of source of funds in the United Arab Emirates (UAE)?
發佈於 2024年5月8日更新於 2024年9月18日閱讀時長 2 分鐘5
Navigating the requirements for proving the legitimacy of funds within financial transactions is crucial in maintaining compliance and transparency. Below, we outline the types of documentation accepted as proof for various sources of funds in the UAE.
What are the acceptable proofs for the source of funds?
| Source of funds |
Source of funds proof type |
| Salary / Personal Savings |
• Payslips (past 3 months) • Bank statement (past 3 months) or bank letter showing salary earnings • Employment verification letter or Salary Certificate that states position, date and salary (most recent) |
| Sale of assets (real estate, business, shareholding, etc.) |
• Copy of sales contract stating amount and receipt of money/proceeds |
| Business profits | • Bank statements (past 3 months) from the business account • Company tax returns (most recent) • Audited financials (most recent) showing company profits, dividends, and/or bonuses • Proof of business ownership, share registry, and/or equity statement |
| Inheritance or gift |
• Will or grant of probate • Letter from the donor explaining the reason for the gift, amount, and the source of the donor's wealth • Bank statement showing receipt of funds/deposits from donor • Court order for divorce and alimony/awards (monetary, property, etc.) |
| Funding from a financial institution |
• Bank statement showing money received from a financial institution • Proof of a financial agreement with a financial institution (example, copy of loan agreement) |
| Funding from decentralized finance | • Statements from an exchange (past 3 months) • Bank statement showing receipt of funds from exchange • Transaction receipts from decentralized exchanges showing funds swapped/obtained |
What's the source of funds?
Defined as the origin of the funds or assets used in a specific transaction.