OPEN BUSINESS BANK ACCOUNT IN DUBAI
Why should you Open Business Account in dubai
- Keeping your expenses under control
- Increasing the Business’s Credibility
- Partnerships
- Protection of Identity
- Transactions made with a card
- Business Bank Account with multi currency (EURO USD AED POUNDS)
A list of Dubai banks is provided below
Arab Bank UAE
BNP Paribas
Commercial Bank International UAE
Commercial Bank of Dubai
Dubai Bank
Dubai Islamic Bank
Emirates Islamic Bank
Emirates NBD
Mashreq
United Arab Bank
Why choose us
Current economic reliability of the UAE is satisfactory for financial institutions like a bank. Dubai Bank’s leading-edge financial system satisfies the modern standards and customer needs when you have to open a bank account in Dubai. Due to this reason, the UAE financial institutions have been accredited globally and increased a perfect reputation with respect to the services they offer.
A lot of business people are interested to open a bank account in Dubai-UAE, everyone wants to open their personal and corporate bank accounts in Dubai, and so they can secure their monetary assets. Due to this all, almost all international banks attempt to open their representative office or branch offices in Dubai. Most of the above said affirmative facts increase the possible interest of international investors and business owners to keep their companies’ capital in the banks of Dubai
It is important to mention that the procedure of Dubai bank account opening for corporate use is differs from bank to bank. Bank account opening in Dubai requires time in order to complete all necessary steps of the application to open a bank account in Dubai. The following section of information about opening a bank account in Dubai will give you a greater understanding.
Bank Account in Dubai UAE - Requirements for Physical Presence
According to the legal protocol of the United Arab Emirates’ financial institutions, it is required to be physically present in Dubai to open a UAE bank account. Otherwise, the procedure will be considered illegal, and the bank will not allow you to open a bank account in Dubai. The reason for physical presence is that original signatures on documents and personal identity confirmation are required before the applicant can open a corporate bank account in the UAE.
Opening a Bank Account in the UAE for a Foreign Corporation
For foreign companies, it is possible to open a bank account in Dubai. A foreign company is one that is registered outside of the UAE, whether it is an offshore company such as a BVI Offshore Company or an onshore company in any jurisdiction around the world. To open a bank account in Dubai, all required documents must be approved/legitimized and attested by the UAE embassy in the country of origin, followed by the Dubai Ministry of Foreign Affairs (MOFA). The process of opening a UAE bank account can be expensive.
Corporate Account For An Emirati Resident Sole Proprietorship Co
If the account is opened and operated by the Power of Attorney holder, a copy of the authorized signatory/passport owner’s is required. The POA should be a court-issued notarized document. The Sole Proprietor can appoint a POA holder, who should have the authority to open and operate the account.
If the trade license is issued as a Rukhsa Manahiya Profession License, the Chamber of Commerce and Commercial Registration certificates are not required.
Corporate Account for an Offshore Company in the UAE (RAK IC, JAFZA & AFZA)
- Trade License (3 Pages)
- Memorandum of Association
- Passport copy of the authorized signatories with visa page/Entry Stamp page.
- Passport copy of the Local Emirati Sponsor with idbara page.
- Chamber of Commerce Certificate copy.
- Power of Attorney if an account is opened and operated by the Power of Attorney holder.
- The POA should be a notarized document issued by the court.
- The Manager of a company can appoint a POA holder provided his name appears on the Trade License and the Memorandum and Articles of Association.
Account Corporate For UAE Free Zone Company
- The Incorporation Certificate or Trade License
- Share Certificate is not mentioned in the MOA or AOA
- Passport Copies for all partners, if any, signed by the signatory (Original passport will be seen of the signatory only )
- Articles of Association and Memorandum
- Any Board Resolutions
Corporate Bank Account For Foreign Company
- Business or Trade License.
- Memorandum and Articles of Association or equivalent.
- Certificate of Incorporation or equivalent document.
- Passport copies of directors, shareholders, and beneficial owners.
- Personal CVs of directors and beneficial owners.
- Company structure details and ownership percentages.
- Power of Attorney or Authorized Signatory
Important Facts About Us
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