Opening Company Bank Account

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Opening Company Bank Account In Dubai

The United Arab Emirates (UAE) is known for its financial industry and the elevated level of security the banks give their customers. The development of privately owned businesses and Zero percent tax rate has transformed formed the monetary scene of the UAE. It offers a proficient financial framework for organizations to work and contribute to the monetary development of the nation.

The nation has attracted many business owners to invest in the land of Dubai, UAE. This has led to open bank accounts for corporate. These companies manage their entire financial transactions through a corporate bank account. However, the banks also welcome individuals to open and maintain an account. Opening a company bank account in Dubai for business has a particular procedure to follow.


Steps To Open a Corporate Business Bank Account In Dubai

If you own any business or a registered branch or subsidiary company, you need to have an active business account. Opening a business bank account in Dubai is available for Free zone companies and offshore companies. The requirement to open a bank account varies from bank to bank. Here are the steps you must follow while opening a business bank account in the UAE.

Fill an Account Opening Form:

The banks will provide you an account application form which is supported by several documents. You need to attach various documents that prove the existence of the business.


Requirements (Documents to be attached)

Authentication By The Bank:

Each document you submit is verified by the bank. Any variance in the document can disapprove your application.

Background and Business Check:

If the application is approved by the bank, it will conduct a background check of the company and its officials. The bank will scrutinize the management team, the business details, and authenticate the company’s shareholders’ details. This background check can also encompass the financial stability of the company.

Final Interview Is The Last Step:

If the bank authorities are satisfied, they give further clearance for opening an account. The final step is the interview with the applicant where bank officials can clear their queries; ask them for any other requirements, etc. The process to establish a business bank account is complete.

See the Charges involved:

It is a good idea to know in advance the fees and fines involved in the business account. It is necessary to check any initial deposit amount required, or the transaction frequency, limitation on account withdrawal, etc. Get a list of potential charges beforehand and read the terms and conditions in detail.

So, if you own a business or planning to set up the same, you must have a business account in Dubai, UAE. With zero taxation, the nation welcomes business giants from every corner.

We serve all around Europe and America to set up a company in Dubai from London, UK, Germany, France, Switzerland, Italy, Turkey, USA, Canada, Mexico, New York etc. Our business consultants assist you in getting all the important licenses, VISA & bank accounts for your business from the government. We have expert team to get Golden Visa in Dubai for professionals and investment basis. Being the leading expert in company establishments, we have been offering various services for professionals and entrepreneurs like non-resident bank account, corporate account opening to help them start their businesses a fresh.


So contact us to get your business formation