Uploaded on Dec 28, 2021
Opening a bank account is honestly simple. But, there are some procedures that you need to follow. As a business owner, you may not have much time to spend on these bank procedures. So, hiring a project management company can be an ideal move for your business. A professional project management agencies have a team of professionals that provide bank account opening assistance in Dubai, UAE.
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.
Thanks!
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