OPENING A
BUSINESS BANK
ACCOUNT
IN UAE MADE EASY
Top quality Business Bank Account Services At Your Fingertips.
We Offer the Following Bank Account Services :
- Corporate Bank Account
- Personal Bank Account
- Remote Application Process
Starting From AED
4,999
Trusted by over 4,000 Clients
- 3 Simple Steps
- Bank Account
- Benefits of Bank Account
- Select Your Bank
- Open Freezone Bank Account
How To Open
Business Bank
Account
In UAE?
Any company in the UAE needs a bank account to run smoothly. Whether you own a Freezone or Mainland business, opening a business bank account can be a challenging task. This is where Al Ameer Corporate Services steps in, with our expert in-house bank advisors to guide you through the process. With our core values of integrity, efficiency, and client satisfaction, we ensure that you navigate the strict compliance measures set by the Central Bank of UAE with ease.
Business Bank
Account Opening in The UAE
- Manage your Resources effectively
- Helps in productive growth of your business
- Business finances are easily managed
We are at your Services
We are expert company working in UAE. We offer our services to every type of small and big businesses in UAE. We welcome you, wherever you come from.
We help and to grow in United Arab Emirates market zone. We assist our clients in obtaining their Business Bank Accounts in different leading primary banks.
We provide you all our support from A to Z in order for you to have your account successfully open and operational.
Let us give you some basic requirement in order to open you Bank account in the UAE
Required Documents To Open A Personal Bank Account in UAE
- Original Emirates ID
- Clear Passport copy
- Residential Ejari
- Last 3 Months Bank Statement
Required Documents For BUSINESS BANK ACCOUNT Bank Account
- Valid Trade License
- Memorandum of Association
- Share Certificate ( for Freezone licenses )
- Certificate of Incorporation / Formation ( for Freezone licenses )
- Business Ejari ( for mainland licenses )
- Office Lease Agreement ( for freezone licenses )
- All Shareholders Passport copy
- All Shareholders Visa copy (applicable if all shareholders are residents in UAE)
- All Shareholders Emirates ID (applicable if all shareholders are residents in UAE)
- Proper Business Profile
- List of 3 Suppliers and Clients
- List of Countries dealing with
There might be few more documents required depends in which bank you want to open you Account. We have helped hundreds of Freezone Companies to open their Freezone Company Corporate bank Accounts in Following Banks :
Frequently Asked Questions About Opening Freezone Company Bank Account.
Is it possible to open Freezone Bank Account Remotely?
No its Not possible to Account any Business Bank account remotely with UAE banks. Its a requirement of Central Bank that you have to be present physically while opening your Freezone Bank Account.
Can we Get Loans, Debit or Credit cards with any of UAE banks?
Well it is possible to have debit cards with most of UAE banks while you open Business Bank Account with them, however in order to get credit card you have to deposit some amount with bank, furthermore in regards to Business Loans yes it only possible if your company is 1 year old and you have got good turn over by showing company operations profits audit reports etc.
Can You Guarantee us that you can open our Freezone Company Business Account?
We try our level best but we highly recommend to setup your company through us so that we will set it up in way that it will be easy to open your bank account since there are few business activities due to which banks take longer time in order to open you company account. There are lot of factors banks consider before opening your account so its impossible for anyone to Guarantee you about your account opening since the approval of account fully depends on the bank. Each case goes to few departments of the bank where it has to be approved before the account gets opened. If the bank has any questions or needs clarifications, it will contact you directly with the inquiries. The more clear picture about your business you give to the bank, the higher your chances of account opening are. Since We have assisted lot of freezone companies in opening Business Bank Accounts so we have enough experience about documentation and requirement so prepare your account application in a way that it makes smooth and fast for your business account opening.
How long will it take to open my coporate account?
The process varies by financial service provider (FSP), as each has its own internal procedures and timeframe for account opening. However, opening a corporate account generally takes approximately 4 to 6 weeks.
is Emirates ID a mandatory requirement to open the corporate account?
Yes, Emirates ID of authorized signatory(s) of the company is a mandatory requirement for the account opening.
Are there any minimum balance requirements in the UAE?
Most local financial service providers (FSP) in the UAE require a minimum balance to be maintained, which varies depending on the FSP. Generally, corporates must maintain a minimum balance of AED 10,000 to AED 500,000. However, zero balance facilities are also offered with a minimum account maintenance fee.
Can I open the corporate account remotely?
Yes, you can start the process of opening your account remotely. However, you may require to be present in UAE depending on your chosen financial service provider (FSP) to fulfil the verification requirements.
What is the difference between digital FSP and traditional FSP?
For digital FSP, the onboarding process is entirely online compared to the traditional FSP.
What is a virtual account?
A virtual account (VA) or a Virtual IBAN account is an IBAN reference issued by a bank to allow incoming payments to be directed to a physical bank account. Using a virtual account, you can send and receive money worldwide.
How long does it take to open and obtain my virtual IBAN account?
The IBAN should generally be received within five working days after the application is submitted and approved.
How is my money handled when transferred to my virtual account?
The funds will go directly to the master account registered for the Virtual Account. With this master IBAN account, companies can create and allocate a segregated virtual IBAN account to each of their customers to send and receive payments.
How many virtual IBANs can i create?
Yes, you receive the virtual IBAN under your company name.
Do the virtual IBAN's bear my company's name?
Yes, you receive the virtual IBAN under your company name.
How many virtual IBANs can i create?
Yes, you receive the virtual IBAN under your company name.
Setup Your Business Bank Account
In Just 3 Easy Steps
Step 1
Prepare required documents for Assessment and review
Step 2
We initiate the application either online or from a banking officer
Step 3
Approval obtain Activation Of Account
