Going to Europe, exploring its valleys, and understanding the rich European civilization is every tourist’s dream. Anyone willing to go to Europe on a Schengen visa must not ignore the importance of the bank balance required. The European Union is a group of countries in Europe that issue Schengen visas, with the help of which you can visit multiple countries in the Schengen area. What is the minimum bank balance for the Schengen visa? Why is it required to have a minimum bank balance for the Schengen visa? Before exploring your dream destination, you must know the answers to these questions. Once you fulfill all the document requirements related to the Schengen visa, you can enjoy the destination to its fullest.
Schengen Visa: Before knowing what the Schengen visa from Dubai, we must know about the different aspects of the Schengen visa. You can apply for a Schengen visa from any European Union country if you need to visit multiple countries in the Schengen area. One thing you must do with the Schengen visa is to watch all 29 European countries. You do not need to apply for multiple visas to travel in the Schengen area. With the help of the visa type you can visit multiple countries. Schengen visas are issued by the authorities to any individual for a fixed number of days with round-trip flight reservations.
Minimum Bank Balance for Schengen Visa from Dubai:
While applying for the Schengen visa from Dubai, your bank account statement must reflect your financial status of yours in the country. The actual requirement of your financial status varies from country to country where you will stay in the Schengen area.
Guidelines for Minimum Bank Balance:
Though a few steps are common among all Schengen countries, the financial requirements for each country in the Schengen area are different. Every country has the right to set the monetary standard to obtain the Schengen visa. Under this, the minimum amount required to get the visa is around €50 to €120 per day. In this way, if you are going to stay for 5 or 10 days, you can multiply the amount and get the range of amount you should have in your account as a bank balance.
Aspects Related to Bank Balance for the Schengen Visa:
Several elements relate to the minimum bank balance for the Schengen visa from Dubai. These aspects of the Schengen visa Dubai are discussed in detail.
- Accommodation: Your bank balance for the Schengen visa depends on your accommodation availability. If you have pre-booked a hotel or are going to stay with your family or friends, the bank balance required in the Schengen area will be much lower than expected.
- Time for Stay: Your bank balance will be higher if you plan to stay for a more extended period in the Schengen area.
- Country to Visit: Different countries have different measurements of the minimum bank balance required. This particular aspect becomes significantly important for people applying for the Schengen visa.
- Students: If you are a student who is going to visit the Schengen area and your expenses will be borne by your sponsor, then you do not need to keep track of your bank balance; instead, you need to submit the statement of your sponsor.
Reason for Minimum Bank Balance for Schengen Visa:
The Schengen countries want to ensure you can bear the expenses required to stay in the area. Your visa application might be denied if you cannot fulfill these conditions.
A handsome bank balance gives your application extra support to obtain the Schengen visa. As a tourist or a businessperson, you can spend money at the destinations you will visit. Tourism is one of the primary ways of earning in European countries.
Schengen Visa from Dubai:
The UAE citizen or residents of Dubai can get the Schengen visa Dubai by applying through the respective European embassy or authorized visa application centers such as Rayna Tours Tourism Company. Rayna Tours is an official partner for processing visas for individuals living in Dubai. To obtain the Schengen visa from Dubai, you need to submit the following documents –
1. Your passport with a validity of 3 months from the return date .
2. Your presidential proof in the UAE, for example, Emirates ID
3. Passport size photograph according to dimension and pixel size
4. Travel Insurance
5. Bank statement as financial group of yours in the Schengen area
6. A proper application form should be submitted to the embassy or at Rayna Tours Center
7. Sample travel itinerary plan that conveys the time duration that you are going to spend in each city or destination
8. Your accommodation availability and hotel booking
9. Round trip reservation ticket
10. Mention the country which you are going to enter first in the Schengen area
Documents for Schengen Visa from Dubai:
As part of financial stability, you need to submit the following documents to ensure your credibility
- As an applicant for the Schengen visa, you must submit a 3—to 6-month bank statement reflecting consistent income from various sources.
- You must submit salary slips as proof of your regular income from the organization you are working for.
- If you have multiple sources of income, you must include those in your income statement.
Special Considerations for UAE Residents and Residents:
The citizens and residents of Dubai are given priority in obtaining the Schengen visa as there was a treaty signed between the UAE government and the European Union countries for short stays in their area. The agreement allows the UAE citizen holding a regular citizenship visa, diplomatic visa, or service visa to travel to any European Union country without needing a visa for 90 days of the past 180 days. The visa waiver is only for travel from the UAE to the Schengen area for tourism, business, or family visits.
In a recent development, from 2026, citizens of the UAE and other countries eligible to travel freely in the Schengen area will get online authorization to travel in the Schengen area.
Other Essential Details for Schengen Visa from the UAE:
- Accommodation Proof
- Travel Insurance of the person
- Travel itinerary plan
Types of Schengen Visas: The Schengen visa is issued to individuals traveling in the area for tourism, family visits, business purposes, student and medical reasons. It is to be noted that a Schengen visa cannot be used for employment or work purposes.
People Who Can Apply for the Schengen Visa in the UAE:
Let’s examine the people who are eligible for a Schengen visa from the UAE.
- UAE Nationals: United Arab Emirates citizens can travel to the Schengen area without a visa. However, this option is only available for a 90-day short stay. They must have a valid passport and meet other entry conditions.
- UAE Residents (Foreign Nationals): Foreign nationals residing in the UAE can enter the Schengen area with a valid residential visa. The residential visa must be valid for three months from the date of departure from the Schengen area. They must apply for the Schengen visa from the UAE embassy or the Rayna Tours office.
FAQ
What is a Schengen visa, and how does it benefit travelers visiting Europe from Dubai?
Ans. A Schengen visa is a type of visa issued by the European Union countries to stay and travel in multiple countries in the Schengen area, which consists of 29 countries in the European region.
Why is a minimum bank balance required when applying for a Schengen visa, and how is the required amount calculated?
Ans. A minimum bank balance is required for any individual who has applied for the Schengen visa to assure the authorities that they can bear the expenses of staying in the Schengen area. Per day expenses in the Schengen area are EUR 30-50. Now, based on the number of days, you can calculate the total balance you must have in your account.
How does the duration of stay in the Schengen area affect the required bank balance for visa approval?
Ans. On average, a day’s stay in the Schengen area amounts to EUR 50 – 120. If you want to stay for one day, we can calculate it as EUR 50 to 120. For six days, it will be EUR 300 to 720.
What role does accommodation play in determining the financial requirements for a Schengen visa?
Ans. Accommodation booking is vital in determining your financial requirements in the Schengen area. If you have preserved hotel bookings in the Schengen area, your expenses will be much lower than if you book on arrival. In addition, if you stay with your family and friends, your accommodation expenses will be waived in such scenarios.
How much bank balance is required for the Schengen visa?
Minimum bank balance that is required for the Schengen visa is AED 10000 to 15000.