Bank account opening
Bank account opening
Opening a Bank account is another important step on the way to registering your business in the UAE. It occurs after obtaining a license for the future organization. You don't need to waste your time to choose a reliable Bank and properly process all documents.
There are MTR Consulting specialists who will go through all the stages of creating your Bank account.
There are MTR Consulting specialists who will go through all the stages of creating your Bank account.
What we can do for you
This service will allow you to:
- Cooperate with trusted and reputable banks throughout the UAE;
- Find a personal representative and transfer the interaction with the Bank to him / her;
- Get an assistant who will help you at all stages of creating a Bank account;
- Request to arrange a meeting with a representative of the Bank.
- Cooperate with trusted and reputable banks throughout the UAE;
- Find a personal representative and transfer the interaction with the Bank to him / her;
- Get an assistant who will help you at all stages of creating a Bank account;
- Request to arrange a meeting with a representative of the Bank.
Required documents for opening an account
— A copy of a valid passport (of shareholders and authorized persons)
— National identity card in the UAE and a copy of the resident visa
— Copy of the entry stamp (if you are not a resident of the UAE)
— Confirmed address of residence in the country of residence (if you are not a resident of the UAE)
— Full set of certified company's constituent documents
— Business plan or company presentation
— Bank statements of shareholders for the last 6 months
— Draft contracts with potential customers and suppliers for the project.
— National identity card in the UAE and a copy of the resident visa
— Copy of the entry stamp (if you are not a resident of the UAE)
— Confirmed address of residence in the country of residence (if you are not a resident of the UAE)
— Full set of certified company's constituent documents
— Business plan or company presentation
— Bank statements of shareholders for the last 6 months
— Draft contracts with potential customers and suppliers for the project.
Cost of work and terms
Opening a Bank account with the help of our specialists costs 3000 AED. If the Bank refuses, a fine of 500 AED is set.
Invoice processing period: _ _ _ days.
Invoice processing period: _ _ _ days.
Bank account in the UAE
Corporate Bank account
Features:
UAE banks prefer to cooperate with mainland companies and companies from the free economic zone than with offshore organizations.
To open a corporate account, you will need:
— Originals of corporate documents
- Bank recommendation letter for shareholders
— Bank statement
- Brief business plan (various additional documents may be required in accordance with the Bank's requirements)
UAE banks prefer to cooperate with mainland companies and companies from the free economic zone than with offshore organizations.
To open a corporate account, you will need:
— Originals of corporate documents
- Bank recommendation letter for shareholders
— Bank statement
- Brief business plan (various additional documents may be required in accordance with the Bank's requirements)
Personal Bank account
Features:
Banks put forward various requirements for opening this type of account, one of which is a resident in the UAE and the presence of a minimum account balance limit. However, some banks also allow non-residents to own savings accounts.
Documents required for opening a personal account:
- Passport with residence (original and copy)
- Letter of no objection from the employer / sponsor
Banks put forward various requirements for opening this type of account, one of which is a resident in the UAE and the presence of a minimum account balance limit. However, some banks also allow non-residents to own savings accounts.
Documents required for opening a personal account:
- Passport with residence (original and copy)
- Letter of no objection from the employer / sponsor
Bank account in the UAE
Corporate Bank account
Features:
UAE banks prefer to cooperate with mainland companies and companies from the free economic zone than with offshore organizations.
To open a corporate account, you will need:
— Originals of corporate documents
— Bank recommendation letter for shareholders
— Bank statement
— Brief business plan (various additional documents may be required in accordance with the Bank's requirements)
UAE banks prefer to cooperate with mainland companies and companies from the free economic zone than with offshore organizations.
To open a corporate account, you will need:
— Originals of corporate documents
— Bank recommendation letter for shareholders
— Bank statement
— Brief business plan (various additional documents may be required in accordance with the Bank's requirements)
Personal Bank account
Features:
Banks put forward various requirements for opening this type of account, one of which is a resident in the UAE and the presence of a minimum account balance limit. However, some banks also allow non-residents to own savings accounts.
Documents required for opening a personal account:
— Passport with residence (original and copy)
— Letter of no objection from the employer / sponsor
Banks put forward various requirements for opening this type of account, one of which is a resident in the UAE and the presence of a minimum account balance limit. However, some banks also allow non-residents to own savings accounts.
Documents required for opening a personal account:
— Passport with residence (original and copy)
— Letter of no objection from the employer / sponsor
Bank-partners
Find out how we can help you right now with a free consultation with our specialist.
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MTR Expert Consulting
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Dubai, UAE.
Contact@mtrexpert.com
+ 971 56 808 7007
Contact@mtrexpert.com
+ 971 56 808 7007