What documents are accepted as proof of source of funds and wealth in the United Arab Emirates (UAE)?
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 is source of funds?
Source of Funds is defined as the origin of the funds or assets used in a specific transaction.
What is source of wealth?
Source of Wealth is defined as the origin or means through which an individual or entity has acquired their financial resources.
Acceptable documents you can submit as proof of Source of Funds and Source of Wealth:
Source of funds/wealth | Source of funds proof type |
Salary | Mandatory: Bank statement (past 3 months) or bank letter showing salary earnings and displaying the employer's name If your bank statement doesn't show your employer's name in the salary transactions, kindly upload one of the following as a supplementary document: - Payslips (past 3 months) - Employment verification letter or salary certificate that states name and salary details (most recent) Freelance workers are required to submit one of the following, in addition to the bank statement: - Tax returns showing previous income (most recent) - Contracts or agreements showing previous income (most recent) |
Sale of assets (real estate, business, shareholding, and many more) | Mandatory: Bank statement showing the transaction history of received funds from sale proceeds To provide further clarification, the following documents can be provided as supplementary documents: - Brokerage account statement displaying the sale of securities - Sales contract stating amount and receipt of money/proceeds - Legal professional letter showing the details of the asset sale |
Business profits | Mandatory: - Proof of business ownership, share registry, and/or equity statement - Bank statements (past 3 months) from the business account To provide further clarification, the following documents can be provided as supplementary documents: - Company tax returns (most recent) - Audited financials (most recent) showing company profits, dividends, and/or bonuses - Compliance report issued by an independent third party |
Inheritance or gift | - Official and certified will or grant of probate - Distribution statement showing the inheritance amount - Notarized 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 and more) |
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) |
Exchange wallet | - Statements from an exchange (past 3 months) - Bank statement showing receipt of funds from exchange - Transaction receipts from decentralized exchanges showing funds swapped/obtained |
External/Unhosted wallet | - Screenshots or exported files from an unhosted wallet's transaction history - Tax statement showing declared crypto holdings or capital gains from cryptoassets |
Investments | - Bank statement showing investment returns (past 3 months) - Brokerage or investment account statement (past 3 months) - Letter from bank/brokerage/crypto exchange confirming assets under management |
Legal settlements | - Settlement document showing settlement amount - Settlement document showing insurance payout |
Crypto mining | - Mining payout statement showing mining rewards - Mining monitor screenshots from a recognized platform - Equipment purchases receipts and electricity bills tied to mining activities |