Business Bank Account Opening in Dubai
Unlocking commercial enterprise possibilities is straightforward with our expert help in commencing a bank account in Dubai
BANKING SERVICES
Efficient banking services allow your financial transactions, which are vital to Companies operations. Therefore it is worth spending time considering which bank offers the right suite of services for your business needs. First Offshore Management Consultancy provides a full support service, which includes scheduling appointments with the Manager of your selected Bank and collating required documents to make opening your account as convenience as possible. Corporate bank accounts. We have been providing corporate banking solutions for the past 14 years. Sharing common values with banks throughout The UAE allows us to understand what is required, which vastly reduces the time scale when opening a bank account.
Benefits
No capital requirement for a local Dubai license?
Freedom to operate and have clients anywhere in UAE and around the globe
You can open your office anywhere in Dubai?
Widen your connections by being part of Dubai Business Club
Personal bank accounts
Should you decide to open a personal bank account and credit or debit card facility along side your corporate account, First Offshore will give you all the help and guidance that you need.
Private banking and VIP Services Private personal banking or private family accounts can be opened through select banks. This type of account would be classified as VIP account.Â
Requirements
Should you decide to open a personal bank account and credit or debit card facility along side your corporate account, First Offshore will give you all the help and guidance that you need.
Private banking and VIP Services Private personal banking or private family accounts can be opened through select banks. This type of account would be classified as VIP account.
International Banks
Should you choose to opt for one of the more globally recognized Banks, you can select from those that operate within the UAE as well as those that are abroad.
Local Banks
Opening your Bank Account with Local Banks in the UAE is not always straightforward and takes approximately 14 working days. Each bank provides a suite of corporate services and facilities.
Banks we are closely coordinating with:
Provides secured online banking for all transactions
Multiple currencies can be applied
Required maintaining balance is AED 200,000 and up to have a dedicated
Relationship Manager assigned to your account
http://www.emiratesnbd.com/en/
provides secured online banking for all transactions
Multiple currencies can be applied
Required maintaining balance is AED 100,000 and up to have a dedicated
Relationship Manager assigned to your account
http://www.mashreqbank.com
provides secured online banking for all transactions
Multiple currencies can be applied
Relationship Manager assigned to your account
http://rakbank.ae/wps/portal/home
provides secured online banking for all transactions
Multiple currencies can be applied Relationship Manager assigned to your account
http://www.emiratesislamic.ae
provides secured online banking for all transactions
Multiple currencies can be applied Relationship Manager assigned to your account
http://www.adib.ae/en
provides secured online banking for all transactions
Multiple currencies can be applied Relationship Manager assigned to your account
http://www.ajmanbank.ae
provides secured online banking for all transactions
Multiple currencies can be applied Relationship Manager assigned to your account
https://www.bankfab.ae/
provides secured online banking for all transactions
Multiple currencies can be applied Relationship Manager assigned to your account
https://www.uab.ae/
Summary of Requirements for Individual Shareholder
1. Passport Copy
A clear copy of your passport, showing the photo page and signature page The passport must be valid for six months from the date of application.
2. Emirates ID & residence Visa page
(required from UAE residents)
3. NOC issued by Sponsor
(required from UAE residents)
4. UID number issued by Immigration
(required from NON UAE residents)
5. UAE Attested Diploma / College Degree
(required for Consultancy related activity) *Please contact us for Non individual requirements
Summary of Requirements for Corporate Shareholder
1. Certificate of Incorporation
Certified True Copy of the Certificate of Incorporation.
2. Trade License
Certified True Copy of the license.
3. Memorandum and Articles of Association
Certified True Copy of the Memorandum & Articles of Association
4. Certificate of Incumbency
An original latest Certificate of Incumbency or a legal document issued by the registrar, which confirms name of the shareholders and directors of the company.
5. Certificate of Good Standing
If the Corporate Entity is an Offshore, an original Certificate of Good Standing is required.
6. Shareholder’s Resolution
An original Shareholder’s Resolution confirming the establishment of the new company; and confirming the name of the person authorized to sign the company formation documents; it must be attested by the Registrar.
7. No Objection Letter
original letter from the registrar confirming that they have no objection in registering a company at DED.
Important Note: All documentation must be provided in English, or with an accompanying English translation.
Important Note
If established in UAE, it must be stamped by the governing body where the company was formed. If establish outside UAE, it must be stamped by the Ministry of Foreign Affairs and the UAE Consulate in the Country of Origin. All documents need to be provided in English, or with an accompanying English translation.
Timeline
• Reserve a trade name
• Obtain a preliminary approval
• Obtain an approval from other authorities if the activity deems necessary
• Obtain the Memorandum of Association of the companies
• Provide a certificate of authenticity of the lease contract issued from the Real Estate Regulatory Agency
Cost
Starting from AED 21,000- Company Formation
USD 249 – Bank account opening assistance