As in any country, when opening a company in the UAE, it is necessary to open a bank account through which the organisation will carry out its financial transactions. Opening an account is a requirement for registering a business in the United Arab Emirates - and Smart Value can help you simplify the process!
What is needed to open a corporate account in a UAE bank?
1. You will have to choose a bank in which to start an account
Since the UAE is located at the crossroads of the most important trade routes between the Middle East, Europe, Asia, and Africa, a large number of banks and financial institutions operate here, and making a decision can be difficult for an unprepared person. Therefore, we are ready to help you with this choice and provide comprehensive advice.
2. You will need to collect a package of documents
Depending on your business and the individual requirements of a particular bank, the exact list may vary. Typically it includes:
- Passports and their copies of company directors (EID for UAE citizens and residents);
- Memorandum of association and Charter of the company;;
- Company's stamp;
- Business licence (copy);
- Immigration card.
Our specialists will help you determine the exact list of documents and collect them as quickly as possible.
Next, all you have to do is submit documents to the bank of your choice and wait for approval and your account being opened. In some cases, the bank may request additional documents, but Smart Value will help you prepare them fast and without errors.
Do you want to start a company account in a UAE bank?
Then contact us!
Still have questions?
Just contact us, and our experts will provide you with first-class help on every aspect of obtaining a UAE visa!
+971 4 547 6005
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