- +971 501 256 838
- Office No: 171, Mezzanine Floor, Unique World Business Center, Karama
- +971 501 256 838
- Office No: 171, Mezzanine Floor, Unique World Business Center, Karama
The United Arab Emirates (UAE) is known for its financial industry and the elevated level of security the banks give their customers. The development of privately owned businesses and a Zero percent tax rate has transformed the monetary scene of the UAE. Generally, it offers a proficient financial framework for organizations to work and contribute to the monetary development of the nation.
The nation has attracted many business owners to invest in the land of Dubai, UAE. This led to open bank accounts for corporate. These companies manage their entire financial transactions through a corporate bank account.
However, the banks also welcome individuals to open and maintain an account. Opening a company bank account in UAE for business has a particular procedure to follow.
Generally, if you own any business or a registered branch or subsidiary company, you need to have an active business account. Opening a business bank account in Dubai is available for Free zone companies and offshore companies.
Additionally, the requirement to open a bank account varies from bank to bank. Here are the steps you must follow while opening a business/ company bank account in the UAE.
The banks will provide you with an account application form which is supported by several documents. Accordingly, you need to attach various documents that prove the existence of the business.
Note: More documents could be requested at the discretion of the bank.
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