How To Open A Corporate Bank Account In The UAE

The United Arab Emirates (UAE) is well known for its famous banking industry and the high level of privacy banks offer their clients. This country is one of the leading trader's friendly business hubs in the world. It has a booming economy and is home to huge populations of expatriates from all over the world. Most of the investors and traders move to Dubai and other United Arab Emirates (UAE) emirates for business. If you are planning on setting up any business in Dubai, you also require to open a bank account. Corporate Bank Account Opening Dubai provides the traders and companies very customer friendly and hassle-free services once the applicant meets the banks' apt requirements.

 

More and more business people from different countries want to open a bank account and operate their businesses in the UAE. You can open a bank account in Dubai for personal purposes and for your company operating locally and managing international business. If you require a bank account for your business motives, you will open a corporate/ company account. Opening a UAE corporate bank account can be stressful for entrepreneurs. Lately, completed guidelines, ever-changing agreement management and international banking orders joined with the banks' expectations over recent years can make it very time-consuming.

 

The need to open a corporate bank account in UAE depends from bank to bank, but significant shareholders or directors presence is typically needed. To open a corporate bank account in Dubai or any other UAE emirates, you have two main options to choose either create a UAE offshore company and create an account for it or open a UAE free zone company and create its corporate account. Both the companies are 100% overseas owned. 

 

Advantages Of Opening A Business Bank Account In Dubai

 

Corporate banks in the United Arab Emirates (UAE) offers a high privacy and security level to the customers. The banks follow international standards and offer exceptional client service. The effective banking system here provides a conducive environment for businesses to comprise inactive transactions. Here are the advantages of opening a business bank account in Dubai:

 

• Complete confidentiality for personal information. The Common Reporting Standard (CRS) Agreement forces banks to share the details if needed throughout the occurrences of any doubt or detection of false activities.
• Secure and reliable transfer of capital in and out of the United Arab Emirates (UAE)
• Access to International Banks and their Services
• Safe and secure online and phone banking system
• Joint Account choices
• Almost all kinds of Currency Exchange choices are available.
• Credit/ Debit Card advantages and amenities 
• Online Banking and Mobile App based transaction

 

 

 

If you wish to set up a business or company in Dubai, then it also needs a corporate bank account in Dubai. So for the corporate bank account opening, Dubai takes the help of the best business setup provider in Dubai.