What are the types of documents that are accepted as proof of source of wealth in the United Arab Emirates (UAE)?
Julkaistu 8.5.2024Päivitetty 27.2.2025Lukuaika: 2 minuuttia2
Navigating the criteria to authenticate the legitimacy of funds in financial transactions is vital for upholding compliance and transparency standards. Here, we provide a comprehensive overview of the accepted documentation types for verifying different sources of wealth in the UAE.
What are the acceptable proofs for the source of wealth?
| Source of wealth |
Source of wealth proof type |
| Employment Income |
• Payslips (most recent) • 3-month bank statement or bank letter showing salary earnings • Employment verification letter or salary certificate that states position, date and salary |
| Investments |
• Bank statement (past 6 months) or letter from bank/brokerage/crypto exchange confirming assets under management |
| Business ownership |
• Proof of business ownership, share registry, and/or equity statement • Company tax returns • Audited financials (most recent) showing company profits, dividends, and/or bonuses |
| Sale of assets (real estate, business, shareholding, etc.) | • Copy of sales contract stating amount and receipt of money/proceeds |
| 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.) |
What's the source of wealth?
Source of wealth refers to the origin or means through which an individual or entity has acquired their financial resources.