Starting a business in the UAE is a visionary decision and it’s a dream of many entrepreneurs. The highly business friendly environment, diversified opportunities and growth to success make the UAE one of the most desired business destination. After setting up a company successfully in UAE the most challenging part is to open a Business Bank Account. Most of the Entrepreneurs are facing problem in getting their Company Bank Account opened due to UAE’s prevailing compliance requirements and due diligence. Even though if you are providing all the required documents and additional details asked from the bank on time, Banks takes their time to double check and KYC process.
Leading Local Banks in UAE
- Emirates NBD
- Abu Dhabi Commercial Bank
- RAK Bank
- Mashreq Bank
- First Abu Dhabi Bank
- Commercial Bank Of Dubai
- Dubai Islamic Bank
- Sharjah Islamic Bank
- ADIB
- NBQ
International Banks in UAE
- HSBC
- City Bank
Documents Required to Open a Business Bank Account in UAE
- Bank Account Opening Form
- Board Resolution from the Shareholders or Partners
- Trade License
- Memorandum Of Association
- Share Certificate
- Passport Copies of all Partners or Shareholders
- Emirates ID of all Partners or Shareholders
- Business Plan in detail of business activities
- Details of Suppliers and Buyers
- Projected Turnover
Opening a Company Bank Account in UAE is as challenging task due to UAE’s prevailing compliance requirements. However with the help of our team of experts you can open Company Bank Account with the right Bank.
Ideal Business Links have been in the market since 2016 and leading Business Setup Consultancy in Dubai, UAE. We have assist more than thousand entrepreneurs through their business journey in UAE, and we are the one stop solutions for all your business needs. With the support of our team of experienced professionals, you can turn your entrepreneurial dreams into a successful reality in one of the world’s most dynamic cities. Good luck!!!
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