Corporate Banking Assistance in Dubai
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Corporate Banking in Dubai
Dubai has always attracted entrepreneurs from all over the world. Owing to its vibrant economy and large expat population, Dubai attracts more than a fair share of investors who are keen on setting up a business and after that they need to open a business bank account in Dubai. Dubai boasts of a top-notch transport network and a robust law and order system. On top of all this, Dubai is tax-free. All of this makes the city the prime choice to set up a new business. If you are planning to set up your business in the here, you will need a corporate bank account for your business operations.
Process of Opening a Business Bank Account in Dubai
Choose the
Right Bank
Choose the Right Bank
also look into the eligibility requirements that various banks mandate to find one
that you can comply with. Most banks in Dubai will need you to have a residence visa and a local address in the UAE. Another thing you need to consider is the continuous minimum balance that you
are required to maintain.
Get a
Business License
Get a
Business License
Have the Necessary Documents
Have the
Necessary Documents
Why Do You Need a Business Bank Account in Dubai?
Once your business in Dubai is up and running, you will need a corporate bank account in Dubai to pay fees, receive and pay money, conduct trade, and do routine operational purposes. This makes it hard for conducting a business in UAE and dealing with international customers without your business bank account in UAE. So to avoid any unnecessary delay that would affect your business transactions you can contact an experienced company setup specialist like Avyanco to assist open bank account in Dubai so that you can use your time concentrating on other core activities of your businesses.
1
To access funds
2
To make investments
3
To make and receive payments to/from suppliers, buyers, etc.
4
To carry out trade
Steps of Opening Corporate Banking Account
This service includes introduction to your banking provider, documentation assistance, follow-up with bank account opening and any other requests. Please note that giving authority via POA (Power of Attorney) will not be allowed for any of our agents.
STEP 1
Speak to our Talencorp Customer Representative
STEP 2
Settle Payment
STEP 3
Submit Request with Required Details and Documents
STEP 4
Meet with the Bank Representative
STEP 5
Sign and Submit Required Document
STEP 6
Receive Confirmation of Bank Account Opening
Get in touch today with our experts
Get a free consultation from our business setup advisors in Dubai who are always available to answer your queries.
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Documents Required for opening a Corporate Bank Account
- Complete and Original Set of the Company Incorporation Documents
- Original Passport
- Original Emirates ID
- Stamped Six (6) Months to One (1) Year Bank Statement (Local or International)
- Tenancy Contract
- Any Utility Bill Which Features Your Address
- Updated Curriculum Vitae
- Business Plan with List of Potential Clients Inside or Outside UAE
- Company Stamp
Why choose Talencorp for Corporate Banking Assistance?
Corporate Banking Assistance by SPC Free Zone includes introduction to your banking provider, documentation assistance, follow-up with bank account opening and any other requests. We offer a comprehensive business bank account setup at a cost effective price. Please note that giving authority via POA (Power of Attorney) will not be allowed for any of our agents.
Frequently Asked Questions (FAQs)
How can you guarantee bank account opening in 3 working days?
We have established relationships with multiple reputable UAE banks, allowing for efficient application processing and swift account approval.
Why do I need a corporate bank account for my UAE business?
A corporate bank account is essential for operating your business legally and professionally in the UAE. It allows you to:
- Securely receive and send payments from clients and vendors.
- Manage payroll and other business expenses.
- Establish a positive financial history for your company.
- Build credibility and trust with potential partners and investors.
There are no hidden fees. Our service fee of AED 2,000 covers the entire application process, including assistance with documentation and follow-up with the chosen bank. You will be informed of any potential bank fees upfront. Note that giving authority via POA (Power of Attorney) will not be allowed for any of our agents.
What happens if my bank account application is somehow rejected?
Our assistance with documentation is to make sure your application is not rejected. However, in the very rare instance of an unforeseen rejection, we’ll work with you and the bank to understand the reason and explore alternative solutions.
What is included in Corporate Banking Assistance?
It includes introduction to your banking provider, documentation assistance, follow-up with bank account opening, and addressing any other banking-related requests.
What happens after I submit all the required documents?
After submitting all required documents, you will meet with the bank representative to sign and submit the necessary documents. Following this, you will receive confirmation of your bank account opening.
Do I need to be physically present in the UAE to open a corporate bank account?
Yes, your physical presence is required at certain stages, such as meeting with the bank representative to sign the necessary documents.
