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Requirements for Opening a Bank Account in UAE
To initiate the process of opening a corporate bank account in the UAE, it is necessary for you to be physically present in Dubai. This ensures that you can sign the required legal documents and verify your identity in person.
Bank Account in UAE
Documents Required for Opening a Bank Account in UAE
When opening a bank account in Dubai as a non-resident, specific documents are required. These include:
Registration certificate
Memorandum and articles of association
Business trade license
Share certificate
Shareholder’s passport copies
Board resolution allowing a company owner to open a bank account
Certificate of Incorporation
Profile of the company and business
CV of every partner
Opening a Corporate Bank Account
Procedure for Opening a Corporate Bank Account in Dubai
Choosing to establish your company in Dubai Mainland offers advantages, such as the freedom to select a prime location for your business. The process for opening a corporate bank account in Dubai Mainland involves several steps:
1. Application Form: Begin by completing the application form, which may vary from bank to bank. Ensure all information provided is accurate, including details about business owners and invoices.
2. Attachment of Documents: Attach all necessary documents, ensuring that each document is original and none are missing.
3. Bank Approval: The bank reviews your application and documents. Based on this assessment, the bank officials will either approve or decline your application for bank account opening.
4. Collection of Detailed Information: Upon approval, the bank gathers detailed information about your business, its directors, shareholders, or any local business sponsor.
5. Interview Call: Following the collection of detailed information, you will receive a call from the bank to set up an interview date and time. After the interview, the process of opening your corporate bank account in the UAE officially commences.
CATNYX CONSULTANTS offers exceptional services for company formation in the UAE, including comprehensive assistance with UAE bank account setup. Our team of experts will seamlessly navigate the entire process, ensuring a smooth bank account opening experience. We understand the challenges of dealing with documentation procedures, but our highly skilled consultants are here to provide expert guidance and ensure a seamless business setup.
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