Our Bank Account Opening Services in UAE
In case the bank requires further information or processes, we will communicate with them and assist you in completing the additional requirements. In some instances, if you are not available to meet the Contact Point Verification Agent, we can also act as your representative.
Documentation
We will assist you in collecting and preparing the documents required by the bank. These could include:
Certified company incorporation documents
Company profile
Valid passport copies of all shareholders
Personal profiles (CVs) of all shareholders
6 months personal/business bank statements of all shareholders
Emirates ID and residence visa copy of at least the signatory
A copy of your Ejari/proof of UAE residential address
Bank Account Opening in UAE: An Entrepreneur’s Guide
The UAE is one of the hottest up-and-coming countries for people to move to and attracts roughly 200,000 newcomers every year. If you’re going to move to the United Arab Emirates, however, you need to have a bank account. Having a bank account (or several bank accounts) will make it easier for you to move money around and pay for goods and services in your new country.
An Overview of Banking in the UAE
The UAE has a banking system that’s regulated by a central bank. Apart from the central bank, there is a total of roughly 50 international and local banks scattered throughout the country. The banking system is considered to be fairly stable.
The UAE has four different types of banks. These types of banks include:
Commercial banks
Investment banks
Industrial banks
Islamic banks (which make up nearly 20% of the UAE’s banking sector)
A few international regulations that UAE banks comply with include: International Accounting Standard, International Financial Reporting Standards, and Capital Adequacy Regulations from the Basel III Regulations.
Our Bank Account Opening in UAE
The next thing to know about before looking into bank account opening in the UAE is what types of bank accounts you can open.
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Frequently asked questions
Here are some common questions about our company.
Our company specializes in consulting, product development, and customer support. We tailor our services to fit the unique needs of businesses across various sectors, helping them grow and succeed in a competitive market.
You can reach our customer support team by emailing info@yourcompany.example.com, calling +1 555-555-5556, or using the live chat on our website. Our dedicated team is available 24/7 to assist with any inquiries or issues.
We’re committed to providing prompt and effective solutions to ensure your satisfaction.
We offer a 30-day return policy for all products. Items must be in their original condition, unused, and include the receipt or proof of purchase. Refunds are processed within 5-7 business days of receiving the returned item.