Opening a corporate bank account in the UAE requires certain procedures to be followed and certain requirements to be met. It is important to note that specific procedures and requirements may vary from bank to bank.
We simplify the process of opening a bank account by providing advice on the documentation and procedures required by financial institutions, and connect you with reputable local banks that meet your business requirements and help you through the bank account opening procedure in the shortest possible time:
- - Choosing a bank that meets your corporate banking needs, considering factors such as services offered, reputation, fees, and the bank's understanding of your industry.
- - Preparation of required documents such as trade license, memorandum of association (MOA), articles of association (AOA), passports of shareholders and directors and ID cards, proof of address, business plan, company profile and bank statement, etc.
- - Meeting with a representative of the selected bank and submitting documents.
- - Depending on the bank and the nature of your business, there may be additional requirements such as a certificate of no objection from the relevant authorities, proof of source of income, proof of salary, proof of residence, minimum deposit, etc.