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Opening a UAE bank account

Opening a UAE bank account can be a very complicated process due to the strict Anti–Money Laundering and Counter–Terrorism Financing (AML/CTF) and Know Your Customer (KYC) requirements. On average, it takes 30 to 60 working days to open a UAE bank account.

However, our expert consultants can speed up this process and help you select the right type of bank account for your business needs based on your requirements and operations.

Saving time

Experts can reduce the waiting time

Our team of experienced professionals can also provide you with advice and guidance on opening bank accounts in the UAE. They are familiar with the local banking regulations and can ensure that your application is processed quickly and efficiently.

With their expertise, we can ensure that you are given the best possible chance of success in opening a UAE bank account.

Essential

Few Key Facts:

UAE Company (LLC, Free Zone or Offshore), can always apply for local banks and international banks for corporate account opening.
Bank Accounts are available in AED, USD, EUR & GBP
In terms of documentation, you are to consider the business activities, number of shareholders, the business background of the management and business plan for the new entity in the UAE.
Your physical presence as the bank signatory is required for submitting the application and verifying the passport at the presence of the banker.

Also the main thing

Few Local banks which helps to open the business bank account are mentioned below

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Consultation with us is free of charge

It is necessary to remember

International banks which help to open the business bank account in UAE are mentioned below

It is necessary to remember

Additional Documents that will be required for UAE Bank Account Opening

Legal documents of the company - Memorandum of Association, Articles of Association, Share Certificate, Partners Agreement or Service Agreement, whichever is applicable to your company
Passport copy, UAE residence visa copy, Emirates ID copy of the shareholder(s)
UAE Address proof of company
Address proof of shareholder - At least one UAE resident as a signatory
Last six months personal bank account statement of the shareholder
List of at least five names of the suppliers and five names of the customers
Company profile or website or CV / Resume of the Shareholders
Any confirmed contracts
Regulatory declarations FATCA, CRS declarations