One of the first few considerations you should make when establishing a new business entity for bank account opening in UAE. For commercial entities and High Net Worth Individuals of various nationalities, banks in the United Arab Emirates offer a range of bank accounts to choose from. For the purpose of opening a banking account, businesses must be fully aware of what their bank requires. Certain procedures must be followed for new firms to open a UAE Business or Corporate bank account.
UAE is one of the most financially stable economies in the world.
The lending institutions in the uae are extremely secure.
the aed is pegged to a lot of strong currencies in the world such as the u.s dollar.
UAE is a hub for international financial insitutions. uae is also home to dubai international financial center (difc) - the biggest financial free zone in the middle east & north africa region.
uae banks offer its customers the flexibility to remotely operate their accounts from any location in the world.
Among other things, banks have various criteria for paperwork, minimum balances, and sector-specific expertise. The requirements may change based on the circumstances. We may offer a list of appropriate and reputable banks to our clients based on their requirements and preferences.
Note - In some circumstances, additional supporting documents, such as trade invoices, references etc. may be needed for bank account opening in UAE in addition to the standard ones. Bank statements and records pertaining to the parent firm must be provided if the business is a branch.
We work closely with major banking professionals, relations with whom have been developed as a result of our long time presence in the UAE market. Also having a clear comprehension of the bank’s requirements & compliance procedures enables us to provide our clients with the quickest way for bank account opening in UAE.