The UAE is a land of big dreams, making it the perfect place for freelancers to thrive. But while landing global clients is exciting, getting paid shouldn’t be a struggle. Traditional banks make it tough with high fees, strict requirements, and slow international transfers.

That’s where Grey comes in. Grey is the smartest way for freelancers in the UAE to receive and manage money globally. With Grey, you get a multi-currency account that lets you send and receive payments from anywhere in the world, without the headaches of traditional banking.

In this guide, we’ll show you why freelancers in the UAE need a virtual bank, why Grey is the best option and how you can set up your account in minutes.

Also read: Benefits of online global bank accounts for remote workers in the Middle East and North Africa

Why freelancers in the UAE need a virtual bank

Freelancers in the UAE often struggle with traditional banking requirements, such as high minimum balances, complex documentation, and expensive transaction fees. Virtual banks offer a seamless alternative with:

• Easy account setup – No need for a physical visit or extensive paperwork.
• Lower fees – Reduced costs for international transfers and account maintenance.
• Multi-currency support – Ideal for freelancers working with international clients.
• 24/7 online access – Manage finances anytime, anywhere.

Also read: How to receive payments from Upwork in UAE in 2025

Virtual banks in the UAE

1. Grey (Recommended):  Grey allows you to open online accounts in USD, GBP, and EUR, making it easy to receive payments. With competitive currency exchange rates, you can monitor and convert currencies at the best rates
2. YAP: A fully digital banking app with no minimum balance, expense tracking, and free international transfers.
3. Zand: A UAE-based neobank designed for freelancers and SMEs, offering seamless digital banking solutions.
4. Wio: A smart banking platform providing invoicing tools, multi-currency accounts, and international transactions.

Also read: How Fiverr freelancers in UAE can receive payments easily in 2025

4 Steps to open a Grey account in the UAE

1. Sign up

Visit Grey's website or download the mobile app to create an account. Select your country in the Middle East, enter your personal details, create a secure password, and verify your account with an OTP.

2. Verify your identity

Complete the Know Your Customer (KYC) verification by uploading the required documents. Your account will be verified shortly.

3. Request foreign currency accounts

Once verified, request your US, UK and EU bank account details by going to the "Accounts" section.

4. Use your Grey account for freelancing

Share your Grey account details with clients or integrate it directly with freelancing platforms for seamless payments.

Virtual banks make freelancing in the UAE easier. With low fees and multi-currency support, Grey is the best way to get paid fast. Sign up today.

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