What are the types of documents that are accepted as proof of source of wealth in the United Arab Emirates (UAE)?
Published on May 8, 2024Updated on Jun 20, 20242 min read1
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.