BANK ACCOUNT OPENING

BANK ACCOUNT OPENING SERVICES

When deliberating whether to establish your business in UAE Free Zones or on the Mainland, it’s vital to consult industry experts like StartupUAE. Their expertise can offer invaluable insights into current UAE laws and trends, assisting you in finding the optimal solution for registering your company in the UAE. With their guidance, you can pave the way for steady and successful growth for your business.

In-person application

Your presence needed: meet, sign, submit.

Online application

Outside UAE? Start account online. Later, join via call/online meeting. After approval, sign form in UAE.

Duration

Digital: 14 days. In-person: 25+ days, based on complexity.

RESIDENT BANK ACCOUNT

Upon establishing a company in the UAE, you have the option to apply for personal and corporate bank accounts as a UAE resident. These bank accounts offer significant advantages for foreign investors as they are non-reportable and present numerous opportunities for the account holders

NON RESIDENT BANK

Opening a UAE bank account for yourself or your business without UAE residency will come with certain restrictions. It is important to note that a non-resident bank account in the UAE will have the following characteristics

OFFSHORE BANK ACCOUNT

When considering opening an offshore bank account in the UAE, it is essential to understand the benefits and restrictions associated with such accounts. Here are the key advantages and limitations of offshore bank accounts in the UAE:

OUR BANK ACCOUNT OPENING IN UAE

Client assessment

Our team will assess your company’s activities, operations, expected annual turnover and initial funds available for opening the account. Based on this information, our team will recommend the most suitable bank for your business.

Liaising with the bank

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

HOW WE CAN HELP YOU OPEN YOUR BANK ACCOUNT IN UAE

At StartupUAE, we’re dedicated to leveraging our 18-year wealth of experience to streamline the process of opening personal and corporate bank accounts in the UAE. Through our robust partnerships with leading banks in the region, we’re fully equipped to guide our clients through every step, ensuring all criteria for successful account openings are met. Our methodology is deeply tailored, honing in on the individual requirements of each client. This tailored approach has resulted in an outstanding track record, boasting a 100% success rate in bank account openings for 2018 and a remarkable 98% success rate in 2017.