Business Bank Account Opening
Business BankAccount
Opening
opening a bank account in the uae
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Free Consultation
Account Opening
In UAE
Account Opening
In UAE
opening a bank account in the uae
UAE has always been the best place to start a new business. The UAE government’s new company laws, quick timelines, flexible regulatory procedures, and easy approval processes have made it the best place to start a new business.
These days, individuals are starting to open new business bank accounts in UAE. Some believe that it is quite difficult to open a business bank account in UAE, but it is not the case. We also provide the best business setup consultant in Dubai.
These are the top features for opening business bank accounts in UAE.
- There are no prerequisites for balance in UAE.
- You will have standard rates for banking transactions, trade finance, and foreign exchange.
- There are dedicated service desks for small and medium-sized businesses.
- There are experienced relationship managers with the best service support.
- It is applicable to all types of newly established companies and start-up businesses in the UAE.
Required Documents For Opening A Business Bank Account
Required Documents For
Opening A Business Bank Account
- National ID or valid passport with UAE residence visa and Emirates ID for all shareholders or signing authorities, if applicable.
- Constitutive, valid, and legal documents for example Certificate of Commercial Registration, Trade License, Free Zone Certificate of incorporation, Partnership Agreement, and Memorandum of Association as applicable. We are also providing the best solutions for your auditing and forensic auditing services.
- Board of Resolution, power of attorney, if applicable.
- Proof of Address.
- Details of ultimate beneficial owners.
- Company profile, Bank Reference Letter, if applicable.
- Audited financial statements are not required.
opening a bank account in the uae
- Signatory Home Ejari
- 6 months’ bank statement
- Company profile
- VAT certificate
- Signatory Profile
- Foreign entity
- Offshore
- Freezone
- Mainland
Easy Steps To Open Business Bank Accounts
In UAE
Easy Steps To Open Business Bank Accounts In UAE
Select your desirable bank and submit an online application to get started with the procedure.
Meet the staff of the relevant bank and ask all the required questions.
Call your chosen bank to finalize your application.
The bank will submit your application along with all the required documents to the bank.
Your bank account will be opened, and you will be able to carry out your transaction.
Contact your respective bank to get the information and also get consultancy.
opening a bank account in the uae
How ebs Can
Help You?
How ebs Can
Help You?
Our expert team is available to provide all the necessary information to start a new business bank account in UAE. We will assist you to open your business bank account in the best banks. We will keep you updated about the latest requirements and the policies regarding business bank accounts. You can feel free to come forward to get expert advice on opening a new business bank in UAE. No matter if you have a great business idea or you are an entrepreneur trying to grow the business. We will help you in every struggle and ambiguity.
ebs can open account in following Banks
ebs can open account in following Banks
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FAQ's
UAE is the best place to start a new business, for this purpose individuals are starting to open new business bank accounts in UAE. You can start your business bank account within 7 days when you make up your mind to start your business.
This is the list of documents you will require:
Details of ultimate beneficial owners.
Bank Reference Letter, Company profile, if applicable.
Audited financial statements are not required.
Proof of Address.
National ID or valid passport with UAE residence visa.
Emirates ID for all shareholders or signing authorities, if applicable.
Board of Resolution, Power of attorney, if applicable.
It is easy to open a business bank account in UAE, you just need to select a bank and submit an online application. You can meet the staff members also to start the process of opening the business bank account. Normally, within 7 days your business bank account will be created.
Now opening a business bank account does not take much longer because within 7 days your new business bank account will be created.
Fees and Rates vary from bank to bank, and many bands do not charge a monthly fee, but some banks will ask you to deposit some amount in the account. The minimum amount can vary between AED 5,000 and AED 150,000.
Generally, you can open a foreign currency if your bank offers it. If you are meeting the eligibility requirements then you may require to deposit a higher minimum amount. It depends on which bank you are opening your business account in the UAE.
If you want to reach out to our accountants for a meaningful discussion on business bank opening consultancy in UAE, connect with us.
