Open a Corporate Bank Account in a UAE Dubai Bank. We offer help with difficult cases.
‘Success-based’ payment arrangement. We help you select a bank, help you prepare all the necessary paperwork, draw up the account opening application and help you get your account APPROVED.
Have you been rejected by a UAE bank in the past? Get the information and help you need NOW. Book a consultation with our expert advisor. We know the business and are here to give you the help you need.
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Unlocking Financial Opportunities in the UAE: Business Account Opening and Business Banking Account Essentials
The UAE: A Global Financial Hub
- The United Arab Emirates (UAE) stands as one of the world's leading financial centres, offering numerous business banking opportunities for both local and international businesses.
Diverse Account Options
- UAE banks extend their services by providing a range of savings and settlement account options, catering to various financial needs.
Welcoming Foreign Companies
- While UAE banks primarily serve local companies, some banks are now open to onboarding foreign companies, expanding their clientele.
Securing Your Entry
- Prospective account holders can significantly enhance their chances of opening an account by swiftly making a deposit, typically ranging from USD 15,000 to USD 150,000, and exploring the bank's investment products, with no obligation to maintain this amount in the account in the future.
Strengthening Ties to the UAE
- Connecting your company's activities to the UAE or having a physical presence in the country, such as an office, or a beneficial owner residing in the UAE, can facilitate the account opening process.
Personal Presence Required
- To initiate the business account opening process, the signatory is typically mandated to make a personal visit to the UAE. Depending on the bank's requirements, the beneficial owner may also need to visit.
Modern Online Banking Solutions
- UAE banks offer access to bank cards and internet banking services, ensuring convenient financial management.
A Step Towards Your UAE Journey
- Before embarking on your UAE financial venture, it's advisable to seek pre-approval to ensure a smooth account opening process.
English-Friendly Business Bank Account Dubai
- Enjoy the convenience of conducting your business banking transactions in English, as many UAE banks offer internet banking services in this language.
| We will: | Success based Fee (USD) |
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2500 |
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Comprehensive Guide to the Account Opening Process
Stage I: Getting Started
- In this initial stage, we embark on a journey to better understand you and your business through a specialized questionnaire. We then present you with a selection of banks to choose from, which may include well-known institutions (and commercial bank options) like RAKBANK, Mashreq Bank, Ajman Bank, Banque Misr, Emirates NBD PJSC, ADIB (Abu Dhabi Islamic Bank), Emirates Islamic Bank, and others. Please note that our list of partner banks is continually expanding.
- Our dedicated team assists you in assembling the necessary documentation required for the business banking account opening process. We also facilitate the arrangement of an interview for the designated signatory with your chosen bank (or multiple banks, as it is often advisable to apply to multiple institutions to increase the chances of successful account opening).
Stage II: Personalized Support
- In the second stage, we provide hands-on assistance by accompanying you to a face-to-face meeting with a business banking representative. We ensure that you are thoroughly prepared for the interview, reviewing the list of essential documents and emphasizing key points. Moreover, we offer guidance on the types of questions bankers typically ask and what responses they expect from you.
- Beyond the interview, our commitment extends to managing the post-interview interactions with the chosen bank to streamline the account opening process. We are dedicated to ensuring a seamless and successful outcome for your business banking needs.
Essential Documentation and Information Required by UAE Banks
For Legal Entities:
- Business License
- Memorandum and Articles of Association
- A resolution issued by the company’s director authorizing the account opening and appointing a signatory
- Completed Company Profile and a comprehensive Business Plan
Notably, UAE banks typically accept corporate documents without the need for notarization.
In the event that the company’s structure includes a corporate director, shareholder, or secretary, all the aforementioned documents are essential. As the UAE is not a party to the Hague Convention on Apostille, it is necessary to legalize copies of all constitutive documents for these corporate positions through the UAE embassy in the country of issuance.
Additional Requirements for Legal Entities:
- Duly completed bank applications for both the company and its owner
- A statement of the company’s bank account for the preceding 6 months (or in the case of a new company, the owner’s other company’s statement of account, alongside proof of ownership)
- Confirmation of the source of the funds, including the initial deposit
- Copies of existing contracts and invoices with counterparties
- Supporting documents such as the office lease agreement, cash flow chart, and ownership structure chart
For Individuals (Directors, Shareholders, Beneficial Owners, Attorneys):
- Proof of Identity (passport) and a valid UAE residence visa
- Proof of address (dated within the last 3 months)
- Comprehensive Curriculum Vitae (CV)
- A reference letter from a financial institution, along with the bank statement for the previous 6 months
*The list is not exhaustive. The bank may request any further documents and information.
*Depending on the company’s activities, the type of license, the chosen bank, etc., it may be necessary to confirm that either the company is a resident of the UAE (has an office) or the beneficial owner is a resident of the UAE (has a lease agreement). We can provide these services to you too – please contact your consultant for more details. ru es
Navigating Corporate Banking in Dubai: Tailored Accounts for Business Growth
If you’re seeking to open a corporate bank account in Dubai, you’ll find a range of tailored solutions designed to support your business growth. Dubai’s financial institutions offer various business accounts with attractive features, and many are flexible regarding the minimum balance requirements. To explore the options that best suit your business needs, don’t hesitate to contact our dedicated team of experts who specialize in assisting business customers. We can guide you through the process, ensuring you find the perfect banking solutions to fuel your business’s financial success in the thriving Dubai market.
Success based fee
2500 USD
Mohammed
Lead Consultant “cross-border-capital-advisors” UAE Banking