Telephone Numbers
Telephone Numbers
Opening Corporate and Personal Bank Accounts in Dubai
For detailed information +90 542 381 3868 'Call.
Opening a corporate bank account is the next big thing that is of great importance for business setup in Dubai. It simplifies your financial transactions and is strongly recommended for better protection of your business funds. The corporate banks in Dubai, UAE, offer the facility of a multi-currency account. A multi-currency account allows you to transact in multiple currencies, which is very beneficial for foreign investors as it reduces overall transaction costs and keeps your money transfers smooth.
Opening a business bank account provides numerous advantages for businesses. Some of the main benefits are:
The banking system in Dubai, UAE is one of the most secure in the world. When you open a business bank account in Dubai, you don't have to worry about the confidentiality of your data.
The banks in Dubai, UAE offer highly secure transactions for your business. You are always informed about your account updates, and there is no possibility of any fraudulent activity taking place within the account.
If you are a foreigner doing business in Dubai, UAE, capital transfers and currency exchange are an important part of your business. With a corporate bank account for your business, this becomes easier.
The banks in Dubai, UAE are technically sound and offer you a variety of services, including instant money transfers, credit cards, and online banking.
To run your business in Dubai, UAE, it is very important to manage your finances. Here are the steps you can follow to get your corporate bank account opened:
Business license: Obtaining a valid business license is a mandatory first step to register your company in Dubai. Without a trade license, banks in Dubai will not allow or recognize you to open a corporate bank account.
Choose a bank: Find the bank that gives you the best service and meets the needs of your company. This can be done by doing all the necessary research.
Submit your application: Fill out the application form provided by the bank and submit the same to proceed with the process.
Gather all the necessary documents: If you want to open a corporate bank account in Dubai, the submission of certain documents is required. These documents will be used as proof of business and will include details such as contracts and invoices.
Get approval: Get approval on your application form and the documents you have submitted to the bank to get your account opened.
Deposit the initial funds: Deposit the initial funds into your account and start using your account now to manage your company and its funds.
List of required documents to open a corporate bank account in Dubai
There are a large number of banks you can choose from in Dubai, UAE. Some of the best banks you can opt for are
This bank was formed by the merger of two banks. These banks were The National Bank of Abu Dhabi and First Gulf Bank. First Abu Dhabi Bank is considered the largest bank in Dubai, UAE.
This bank was also made after a merger that took place in October 2007. This merger took place between Emirates Bank International (EBI) and the National Bank of Dubai (NBD). This created one of the largest groups in Dubai, UAE.
This bank, headquartered in Abu Dhabi, has the Abu Dhabi government as a 65% shareholder of the bank. This bank was formed by the merger of three banks. This merger took place in 1985.
The headquarters of this bank is in Deira, located in Dubai. It was established in 1969 and offers a variety of services. It is the 7th largest bank in Dubai, UAE by total assets.
CBD is the 7th largest bank in Dubai, UAE based on total assets.
It was established in 1975. The practices of this bank are based on the principles of Islam. It is also considered the first of its kind and the largest Islamic bank in Dubai, UAE. Its headquarters are located in Dubai.
It is a public Joint Stock Company established on May 20, 1997. It is headquartered in Abu Dhabi and is a Sharia-compliant lending institution. It offers personal, business, corporate, and private banking services.
Choosing the right bank for your corporate account is important for every business. There are certain factors that decide whether you should go for one bank or the other.
The reputation of the bank has a great impact. Opt for a bank with a good reputation when it comes to supporting the businesses that have opened an account there.
Pay attention to the services offered by the bank. This can help you compare and know the best offers available.
It is important to opt for the bank that guides you throughout the process, where you can get answers to all your questions with their knowledge and expertise.
Different banks charge different fees. Make sure you compare these fees when choosing your bank.
Opening a business bank account in Dubai is one of the most challenging tasks in Dubai, UAE. It is essential to comply with the strict laws and abide by the regulations set by the authorities.
If you are planning to open a corporate bank account in Dubai, UAE, you must consider some points. These are
World Company Setup is a trusted name when it comes to reliable corporate banking services in Dubai, UAE. We will guide you through the process of corporate banking for your business in Dubai, UAE as we have all the necessary skills and expertise.
Additionally, all the banks in Dubai, UAE will ask you to submit a pile of paperwork. We provide completely transparent and easy processes for your corporate bank account and guarantee to provide the best guidance for you to choose the best bank that will meet the demands of your company.
We will help you plan everything while you are sitting in your own country. Our team will submit all the necessary documents to the banks on your behalf.
The cost of setting up a corporate bank account varies according to the bank you choose. To get an estimate, enter your details in our cost calculator and get started.
Opening a corporate bank account in Dubai can generally take anywhere between 3-5 business days
The process of opening a bank account in Dubai takes about 4-6 weeks. However, you can open a corporate bank account with World Company Setup in just one week.
World Company Setup offers the facility to open a bank account, although one needs to be physically present in Dubai, UAE. We will handle the application process on your behalf.
The best bank for business accounts in Dubai, UAE will depend on you and your company's needs. The services and fees offered by each bank are different from one another. This is where you can ask for expert help and get started.
Yes, although the requirements and policies of each bank are different, for the most part, banks allow foreign companies to open a bank account in Dubai, UAE.
No, without a license, no bank will recognize you and will not allow you to open a corporate bank account.
Yes, you can transfer money to a country using your bank account in Dubai, UAE. You can use the mobile/net banking features provided by your bank.
Our goal is to make the process of opening a corporate bank account in Dubai smooth and hassle-free, allowing you to focus on what matters most to your business.
+90 542 381 3868
+971 58 5204103