Bank account for business in the United Arab Emirates

Bank account for business in the United Arab Emirates

After you have passed all the stages of registering your business in the UAE and received a license, the next important stage is opening a bank account in a bank in the United Arab Emirates.

In order to successfully open a bank account for your company, you need to appear for a personal interview at the selected banking institution. And, of course, submit the required package of documents, which consists of:

- Statements;

- A document confirming the consent of the board of directors to open an account;

- Licenses;

- Certificate of registration of the company;

- Stock certificate;

- Copy of passports of all founders;

- Company Charter;

- Memorandum of Association.

The bank also has the right to request additional documents, for example:

- Business plan;

- Contracts;

- Letters of recommendation nature.

Or there have been cases when the bank requested confirmation of the resident or visa status of all founders. After the entire package of documents is collected and executed, you need to come for an interview at the bank.

If the interview is successful, the account will be opened within 1-2 weeks.

Corporate accounts can be opened not only in one currency, but in several at once.

Among the most popular local banks, the most dedicated to opening accounts for business, are Dubai Islamic Bank, First Abu Dhabi Bank and Emirates NBD. If you prefer banks of the international level, then in the UAE their services are provided by banks "Standard Chartered" and "HSBC".

Our professional team will help you quickly and correctly open an account for your business in the UAE. For all questions, please contact our specialists.