Would you like to open a bank account? Our team of experts will guide you through this process and the various bank account options for your specific business needs. The Banking System in the UAE is very internationally oriented and highly advanced providing services in both Arabic and English. The UAE banks are known for their high level of privacy and banking standards provided to each customer. New companies who have set up their business operations in the UAE can open a corporate bank account irrespective of their nationality.
To open a new account in the UAE is easy but also at the same time can be difficult to navigate. You can opt for our professional bank account opening services. This makes the entire process easier and increases your chances of a successful application.
Many UAE banks offer multi-currency accounts, which means you can accept and send around the world without restrictions. Some of the benefits of opening a corporate bank account in Dubai, UAE include:
- Easy tracking of the expenses of the business
- Easy calculation of the tax liabilities
- Easy management of cash flow
- ZERO balance requirements
- Standard Forex Rates
- Standard Trade Finance Rates
- Clients prefer depositing money in a business account
- Complimentary Business Debit Card
- Dedicated relationship managers
- Dedicated SME Service Desks
Opening a bank account is the safest and easiest way to send and receive money in Dubai. If you wish to open a bank account, our team of financial experts can help you with the entire process. For starters, you need to keep important documents ready such as Emirates ID and passport of shareholders, passport copy of the director, business plan, information about the business, disclosure of the source of funds, activities, company incorporation documents, and so on. The banks do not charge any opening fees but a small transaction fee or annual service fees.
The requirements of opening an account will differ from one bank to another. But generally, all you have to do is get your business license and legal documents ready, make sure you have met the visa requirements, choose the bank that best suits your company’s needs, completes the process, submit the application and receive your account documents. Besides a company bank account, there is resident bank account, non-resident bank account, and offshore bank account.
You can open a bank account in any bank of your choice. Some of the reputed banks in the UAE include Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Mashreq Bank, RAK Bank, HSBC, Dubai Islamic Bank, Commercial Bank of Dubai, and National Bank of Fujairah.
Our representatives will be guiding you every step of the way so do not worry about it.