Bank account opening assistance in the UAE
Opening a corporate bank account in the UAE can be a difficult process, so we will assign our experienced team to manage it for you. We offer a wide range of services that include business formation and formation of organizations. In order to open a bank account, you need to provide some personal information. The required information includes your name, address and passport number. Your future employer will also be asked to verify your employment status by signing a letter of attestation.
Bank account opening assistance : Resident Bank Account
If you're a resident in the UAE, it will be easier to open a bank account. It will ensure that you are able to enjoy all the benefits your bank has to offer. This includes the following:
- Card requests like debit or credit cards
- Cheque book
- Account manager
But keep in mind, even though you’re a resident; In order to do business in the UAE you will need an NOC (no objection certificate) which is only possible with a company registration. After setting up a company in the UAE you can apply for a personal and corporate Bank Account opening as a UAE Resident.
Non-Resident Bank Account
A non-resident is allowed to open a personal bank account in the UAE. However, they have to furnish the identity documents. All the documents should be attested and notarized in their country of origin and the UAE. The bank allows all kinds of standard facilities for individual needs, but no credit cards are issued in the case of Non-residents.
There are certain restrictions which you will face after opening a Non-resident Bank Account in the UAE. Some of the restrictions are: You cannot open more than one account from the same bank, You cannot use your credit card overseas and you cannot hold both bank and debit card at the same time for the same account.
If you need a Non-resident Bank Account in UAE, then you are at the right place where we provide complete guidance with opening the Non-resident bank account.
We have an expert team of advisors who will guide you through the entire process of applying for a UAE Non Resident Bank Account. Our experts are highly skilled in assisting their clients to open up other offshore accounts as well, considering there are certain restrictions on opening an offshore account in UAE which has led us to be one of the leading companies providing financial services such as Offshore Company Formation, Visa Assistance and Offshore Bank Accounts etc.
Whether in Mainland Dubai or Free Zone, a company will require a bank account to conduct business transactions. It is easy to open a corporate bank account in the UAE. The documentation process may differ depending on the size of the business and the nature of its activities.
The business will have to provide proof of its legal existence. That would mean providing documents that give the business owner's identity and other documents that provide the business structure details. For companies outside the UAE, the documents relating to the company and its management are required to be attested and notarized in their country of origin and again in the UAE.
There is no fixed time frame for a bank account opening process, and it varies from Bank to Bank. However, an LLC or Free Zone company in the UAE takes approximately 2-4 weeks. In the case of offshore companies, it is more.
When it comes to the formation of the company, you should know that a separate bank account can be opened for the company. The bank account will be exclusive and not mixed with yours or other parties. The most important thing about this bank account is that it will usually take more time to open than usual. However, there are certain regulations we need to check before opening an offshore corporate bank account.
There are certain benefits to using a corporate credit card vs. a personal one. For example, corporate cards don’t count toward an individual’s credit limit, which means they could be used to help build a larger credit history. They also usually feature fraud protection and other perks like travel insurance, which is great for entrepreneurs who travel often.
Off-shore bank account:
In a nutshell, you can open an Offshore Bank Account in UAE if you have been planning to start a company in UAE or any other country for that matter. What are the benefits of such bank accounts? Well, these bank accounts offer extra secured, yet highly private structure and have no restrictions on repatriation of capital and profits. They can be opened without a UAE residence visa and the best part is that they have a user-friendly online banking system.
If you want your Offshore Bank Account in UAE to be extra secured and have a highest privacy level, then we are here for you. Our company formation services are fast to open, allow 100% repatriation of capital and profits, extremely user-friendly online banking system and eligible for credit or debit cards and ATMs.
Documents Required for Opening a Bank Account in Dubai
For opening a corporate bank account, the following documents are required by the bank. The documents required may vary depending on business structure and Bank where the account is sought to be opened. We at Absher provide timely, fast processing PRO Services to your businesses in the UAE.
- Company trade license
- Certificate of Registration or incorporation of business
- Company Memorandum & Articles of Association
- Board Resolution, if applicable, authorizing the Company officer to open a Bank account.
- Passport copies of shareholders and authorized signatories.
Who to call for assistance?
Absher Business Consultancy provides proper guidance to their clients throughout the Bank account opening process. Our consultants help in preparing all the documents required by the bank by facilitating account applications.
We are specialists in corporate establishment, who specialize in Bank Account Opening services. Our consultants help you register your company and open a bank account for your business with the most reliable and professional banks in the UAE. We provide comprehensive assistance including managing all correspondence with banks, drafting required documents and profile of the company, making necessary appointments with account opening officers to ensure smooth application processes.
Establishing a company in the United Arab Emirates can be a complex and time-consuming process. Our team of experts ensure that you get the best possible outcome, helping you to apply for an Emirati bank account, obtain visa and work permits, organize meetings (if required), and coordinate with your bank's Relationship Manager before opening your account.