What is the Process of Opening a Bank Account in Dubai, UAE?

What is the Process of Opening a Bank Account in Dubai, UAE?

An Overview Well, opening a bank account in Dubai, UAE is fairly simple.

However, there are some procedures that you need to follow. As a business owner, you may not have such time to spend over these bank procedures.

Thus, hiring a project management company can be an ideal move for your business. A professional project management company have a team of professionals that provide bank account opening assistance in Dubai, UAE!

Let’s dive into the process of opening a corporate bank account in the UAE:  Get Your Business License  Get All The Legal Documents Ready  Check Visa Requirements  Select The Bank

Get Your Business License Having a business license is crucial while opening a corporate bank account in Dubai, UAE. If you don’t have a business license, then the bank wouldn’t consider you as a business and won’t allow you open a corporate account.

Get All The Legal Documents Ready Make sure that all the legal documents (application form, detailed business plan, articles, memorandum, copy of the Emirates ID, shareholder representative, etc.) are ready before you approach a bank for opening a corporate account of your business.

Check Visa Requirements All the shareholders must have a residency visa.

A majority of banks require residency visa as a proof while opening a corporate bank account in the UAE.

Select The Bank Once all the necessary documents are in place, choose the bank that suits your business needs.

Also, don’t forget to look at the criteria while choosing the bank for opening you’re a corporate account of your business.

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