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The Best Banking Assistance Consultants in UAE.
If you intend to use your bank account to do business in the UAE, you must create a corporate bank account. You must register a corporate account since UAE legislation bans you from conducting business with a personal account.
In general, business accounts should be current accounts. This is done so that they can process a huge volume of transactions. It normally takes two to four weeks to open a current corporate account in the UAE.
With these documents in hand, you’ll be all set to open a bank account.
Client evaluation
Our experts will evaluate your company’s activities, operations, estimated yearly revenue, and starting money available for account setup. Based on this information, our staff will propose the best bank for your company.
Contacting the bank
If the bank wants more information or processes, we will engage with them and help you in meeting those requirements. If you are unable to meet with the Contact Point Verification Agent, we can serve as your representative in specific cases.
Documents required for bank account opening:
It’s vital to understand that you’ll need a few more documents to create a corporate bank account. The specific paperwork varies based on the bank and the type of business, but they commonly include:
- Trade License
- Company profile
- 6 months' personal bank statements of all shareholders
- Emirates ID and residence visa copy of at least the signatory
- A copy of your Ejari Share certificates
- The company’s articles of association and memorandum
- A letter from the board giving a company officer the power to open a corporate account
- Visas and passports from all shareholders
Enjoy a faster and more convenient process for opening a corporate bank account with Global Touch. At an all-inclusive one-time convenience charge of AED 3,000 we’ll get all the process done seamlessly.