What is the Process of Opening a Bank Account in Dubai, UAE?

1
What is the Process of Opening a Bank Account in
Dubai, UAE?
2
An Overview

• Well, opening a bank account in Dubai, UAE is
  fairly simple. However, there are some procedures
  that you need to follow. As a business owner, you
  may not have such time to spend over these bank
  procedures.
• Thus, hiring a project management company can be
  an ideal move for your business. A professional
  project management company have a team of
  professionals that provide bank account opening
  assistance in Dubai, UAE!

3
Lets dive into the process of opening a
corporate bank account in the UAE

• Get Your Business License
• Get All The Legal Documents Ready
• Check Visa Requirements
• Select The Bank

4
Get Your Business License

• Having a business license is crucial while
  opening a corporate bank account in Dubai, UAE.
• If you dont have a business license, then the
  bank wouldnt consider you as a business and
  wont allow you open a corporate account.

5
Get All The Legal Documents Ready

• Make sure that all the legal documents
  (application form, detailed business plan,
  articles, memorandum, copy of the Emirates ID,
  shareholder representative, etc.) are ready
  before you approach a bank for opening a
  corporate account of your business.

6
Check Visa Requirements

• All the shareholders must have a residency visa.
• A majority of banks require residency visa as a
  proof while opening a corporate bank account in
  the UAE.

7
Select The Bank

• Once all the necessary documents are in place,
  choose the bank that suits your business needs.
• Also, dont forget to look at the criteria while
  choosing the bank for opening youre a corporate
  account of your business.

8
Thanks!

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