How to Open Free Zone Company Bank Account in UAE
A free trade zone company bank account enables a company owner to make transactions and also to deal with other cash matters. A Free Zone Company Bank account opening is a complicated task to do. This is the point at which you need an expert account opening assistance to get the issues effectively. Banks in the UAE are the best entities in the region.
Advantages of Opening a Free Zone Company Bank Account in UAE
- Manage your resources easily.
- Helps in productive development of your business.
- Also, Manages business finances.
What are the Required Documents?
- Presence of all shareholders with original passports
- Passport copy of shareholder (s)
- Incorporation documents of the Company (Certificate of Incorporation, Trade License, Memorandum of Association (MOA) and Articles of Association, Share Certificate (s) and also Lease Agreement)
- Personal Profile/CV of shareholders
- Business Profile /Plan of the Company
- 3-4 (potential) customers of the Company (preferably with contracts, invoices, etc.)
- 3-4 (potential) suppliers of the Company (preferably with contracts, invoices, etc.)
- Amount and also a source of initial funds to be credited in the account
- Monthly and annual turnover
- List of countries that the Company do business with
- Personal bank statement for last 6 months (in English) from the existing account
- Corporate bank statement for last 6 months (in English) from an existing account (if applicable)
- Bank reserve a right to request additional documents, depending on the client’s profile.
MSZ Consultancy at your service
We MSZ offer our services to each sort of small and also a large business in the UAE. We help companies to set up and also to develop in the United Arab Emirates market zone. Moreover, we help our customers in getting as well as in opening a bank account in various best prime banks. For further information, please email us on email@example.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Introduction to the IFZA Free Zone Dubai Silicon Oasis has recently introduced a new business hub known as the IFZA Free Zone. This Free Zone has become an incredibly popular choice among investors worldwide, with an appealing company formation package, 100% foreign...
Introduction Established in 1995, the Sharjah Airport International Free Zone (SAIF) is the first certified airport Free Zone in the world. With a well-developed infrastructure, the SAIF Zone is one of the most well-reputed Free Zones in the UAE. By initiating...
Tax Residency Certificates: An Introduction What is a tax residency certificate? That’s a great question! This certificate, also known as a tax domicile certificate, confirms the country of tax residence for a particular company or legal entity. This certificate is...
Despite the effects of the ongoing pandemic, Dubai's Expo 2020 has brought thousands of visitors to the region since its opening in October. And since, the city has seen some of its best economic performance in years. This increase in travel and tourism can be...
Excited About Expo 2020 Dubai? Here’s What You Need to Know! The Dubai Expo 2020 is a months-long event that is drawing investors, businesses, and talent from around the world to celebrate innovation and technology. Since its opening festivities, this celebration has...
An Introduction to UAE’s Economic Substance Recently, the UAE government launched an initiative known as ‘Resolution No. 31 of 2019.’ This resolution requires all institutions foreign and domestic that conduct business in the region to demonstrate ‘economic...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news