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New Company Bank Account Opening
Dubai City is famous for business. Lots of investors seek to start their businesses in Dubai and there are various opportunities for investors and entrepreneurs. Along with this when your new company setup process is complete, then you need to open a bank account for your new company. This can be a tedious task, but no need to worry, we will help you with a new company bank account opening. They will help to make your bank account opening process easier.
According to the legal processes of the financial entities of the UAE, it is mandatory to open a bank account for your new company to be present in Dubai in person. And, the procedure would be considered illegal. Behind this, the reason is need is the document’s original signature and confirmation of the personal identity that allows the applicant to open a bank account in Dubai.
We offers very client-friendly and hassle-free services to companies and investors in UAE when the applicant completes the appropriate needs of the bank.
During the accounting period, the banker may ask extra questions or supporting documents to start the process of opening a bank account in Dubai. So, it is crucial for the applicants to answer in detail. We can advise you about the criteria of KYC (Know Your Customer), before the process of opening a bank account in Dubai, and they will help you make this process easy for you to register.
New Company Bank Account Opening
New company bank account opening. Then, we are here for you, we offer you the best service in UAE, and help you to make this process easy and hassle-free.Dubai boasts a system of stellar banking known globally for their outstanding services of clients. We will help you with a bank account to form your company in Dubai.
All these above-mentioned documents are required for a free zone company account opening in Dubai.
Types of Bank Accounts you can open in Freezone
When opening a bank account for your free zone company, you need to select from current, savings, and investment accounts.
- Current Accounts: You can use your current account for day-to-day money transfers or financial transactions. Current accounts involve issuing a debit card, a credit card, and a checkbook, which gives you are a resident of the United Arab Emirates. You can use this account to transfer wages, and they can also hold in multiple currencies, like USD, Euro, GBP, AED, etc.
- Savings Accounts:Savings accounts typically provide a higher rate of interest than compared current accounts, and may set penalties for withdrawals. A savings account can provide a variable or fixed rate of interest. A savings account can be multi-currency and can be opened in US dollars, Dirhams, pounds, and euros.
- Investment Accounts: Investment accounts typically give a higher rate of interest compared to savings or current accounts, but often accessibility to funds maintained in these accounts can be limited or unavailable for a fixed time period. In view of this, investment accounts may be inconvenient, in case you require regular access to funds. The opening of an investment account is done based on the conclusion of the investment contract with the bank. The term, depending on which contract varies from twelve months and can go from five to ten years or more. As per this agreement, you can transfer a fixed amount of money into an investment account that is opened in the bank, and the bank manages your portfolio in turn, and invests in different financial instruments, due to this you can earn from 3 to 7 percent per year.
Advantages of Freezone Company Bank Account Opening
- Manage your resources effectively
- Easy and reliable transfer of capital in and out of Dubai
- Helps in the productive growth of your business
- Secure online and phone banking system
- Business finances are easily managed
Eligibility Criteria for Freezone Company Bank Account Opening
- The owner has a visa from the UAE or in case the owner resides in an OPA holds a residency visa.
- A six-month statement of the bank for a mother company and a personal account.
- Invoices are used as evidence on a few transactions that are mentioned in the statement.
- Reference letter from the bank of the client in your country.
- Legal document for the formation of the company in the UAE and the ID of the owner.
- Keeping a small investment price makes the process easier.
How we can help you
We are one of the best loan brokers in Dubai helps you by providing business loans for your new or old business. We provide the best combination of services, without any hidden costs. Our clients come first for us. First of all, we try to build the trust of our clients.
We can offer our clients to open a bank account in many locations, although we are professional in Freezone company bank account opening. We make your Freezone company bank account opening process easy and reliable. You can surely delight in our best services.
Basic Documents required for opening your new company bank account
- Copy of memorandum of Association / Article of Association
- Trading License
- Passport with shareholder’s entry page
- Emirates ID of shareholders
- Shareholder’s visa page
- Share certificate
- Many of existing clients
- Utility bill of shareholders showing residential proof
- Six months’ bank statement
- Legal documents
These all documents required for your new company account opening. You need to prepare this all the necessary documents.
Advantages of new company bank account opening
- Secure and reliable banking services
- Your account remains confidential
- Your account would need less maintenance costs
- Easy money withdrawal and deposit
- Online banking services would be offered.
Eligibility of new company bank account opening
- You should have a valid passport with the UAE entry page.
- Applicant’s personal profile – CV
- Latest Utility bill
- Required an Original reference letter of applicant from the company or personal bank account either in country or anywhere in the globe.
- Latest six months bank statement
- Most of the banks in the UAE demand a minimum monthly average balance for opening a bank account in Dubai. The needs differ from bank to bank.
How we can help you
We earned popularity in market of the UAE. Our skilled professionals understand the requirement of our clients, and they can recommend a bank that complete the requirement of your business in UAE. Your trust matters a lot for us, we make sure that our customers feel stress-free with our right solutions.
We also help in new company bank account opening and save precious time of our clients. We have assist traders and entrepreneurs to open a bank account for their company in UAE without any trouble. We have a team of specialists that can advise our clients the bank that completely meets your business requirements.
Our experts also support company owners in managing their bank accounts. We delight our clients with a wide range of services about opening and maintaining bank accounts.
Frequently Asked Questions (FAQs)
What do I need to open a business account in the First bank?
Confirmation of ID is needed to open a bank account. Get along a government-issued picture ID to corroborate your identity with your business’ registered information.