When you are setting up a new business entity, banking is one of the ﬁrst few aspects that need to be considered. Banks in the UAE have various options depending upon the size and other requirements of companies and Individuals. Businesses need to have a clear idea of their bank needs to set up a banking account. A series of formalities need to be completed for new businesses to open a UAE Business or Corporate bank account.
Our team of experts can guide you through the right channels and give the right advice on choosing the appropriate banks while setting up a business bank account. We assure a hassle-free smooth incorporation process.
There are few mandatory documents required to start any banking application.
A nominal fee from AED 3,500 will be charged for the whole banking procedure. Our team will help clients assess their company activities, shareholders list, initial funds, expected annual returns and advise the best bank that suits their needs whilst managing any requirements related to their corporate structure or trade license activity and requirements.
During the incorporation process, our team will guide you through best practices, giving you access to our extensive network of banking experts so that you can make a fully informed decision before opening your account. Creative Zone team will handhold the client through the whole journey by acting as a representative from the bank making the whole process hassle-free and smooth.
Frequently Asked Questions
Each bank will have its own processes and timescales for account opening. It can take from 2 weeks up to 12 weeks, depending on the client proﬁle, business activity and jurisdiction.
We can start the process once all the required documents are ready, and the residency and emirates ID have been received.
We will assist you on choosing the banks based on the company profile. We will apply to those banks that will accept the application and has a higher chance of approval.
A Residence visa is required and mandatory to apply for corporate banking.
Physical presence of the authorised signatory in the UAE is a requirement to complete the process.
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Office 104-105, Level 1,
Emaar Square - Building 4,
Sheikh Mohammed Bin Rashid Boulevard
Downtown Dubai, United Arab Emirates