Bank account assistance
Given the fact that each bank is unique – different sets of services – from classical retail to full corporate or private banking, different documentation requirements and minimum balance, different tariffs, specialization in certain sectors or countries, etc. The correct choice of bank is the key to continued success of cooperation with it. Taking into consideration the specificity of each bank, it becomes noticeable that opening a bank account abroad is an important step in the structuring of foreign business and tax planning. It requires serious analysis and approach in each case, as well as proper preparation of all necessary documents for the bank.
Personal bank account
- * Passport copy
- * Residence permit – temporary or long-term
- * Utility Bill or proof of address
- * Mobile phone number in the UAE
Company Bank account
- * Incorporation Certificate
- * Memorandum of Association
- * Trade License
- * Passport copy of director/shareholder
- * Utility Bill of director/shareholder
As banks in the UAE have strict compliance and due diligence policies and requirements, the bank account opening usually takes around 2 to 3 weeks. All local and international banks in the UAE offer efficient and easy to use online banking facilities.