Business Banking
Opening a bank account is a crucial step in obtaining a license for any organization. Whether you need help with offshore banking or opening a bank account in Dubai, we can assist you every step of the way.
Here's how we can help:
- Relationships with Various Banks: Our extensive relationships with different banks enable us to assist both Freezone and mainland companies in establishing a presence in the UAE.
- List of Reputable Banks: We can provide a list of reputable banks based on our clients' requirements and preferences. Banks in the UAE have varying requirements for documentation, minimum balance, and specialization in specific regions.
- Supporting Documents: In some cases, additional supporting documents such as requests and reference letters may be required. For branch organizations, documentation about the parent organization will also be needed
- Best Banks: Depending on the nature of your business, we can recommend the best banks that meet your needs, including options for Islamic, traditional, or specialized accounts. Most banks in the UAE require a minimum balance to be maintained.
- Timeframe: The time it takes to open an account depends on factors such as the nature of the business, location of operation (Freezone/Offshore or Mainland), and the nationality of the signatory. For example, General Trading activity in the mainland requires consistent support before an account can be opened.