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 info@mszconsultancy.com
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Is Renting Office Space a Mandatory Part of Business Setup in Dubai?
Office Space for Rent! Office space is heavily intertwined with company formation in Dubai and in all sections of the UAE. When seeking a trade license, renting office space is a compulsory part of the process. For some new investors, this aspect of business can be...
Everything You Need to Know About Dubai’s Virtual Asset Regulation Law
Visual assets, or digital properties such as Bitcoin, NFTs, and Cryptocurrencies, have become an increasingly popular payment tool for digital and real-world transactions. This surge in interest is expected to only grow in the coming years with the advent of...
How to Set Up a Media Company in Dubai
Dubai is renowned for its place as one of the world's leading business and trade hubs. It's home to a diverse economy, incredible tourist attractions, and bountiful business opportunities. However, it's also a dedicated destination for artistic endeavors in media,...
The Non-Oil Economy Continues to Make Strides in Dubai
Dubai is About Much More Than Just Oil It's fair to say that the Middle East is recognized as a global center for petroleum production, and the oil and gas industry in the UAE is certainly a prominent feature. Even so, the UAE has come to be known for much more than...
What Kinds of E-Trader License Options Are Available for Forming a Business?
When applying for an E-Trader License in Dubai, you’ll first need to choose where you intend to operate. The region is home to many locations, including Mainland Dubai, numerous Free Zones, and more. And with over 2,000 business activities that operate in this area,...
Furniture Trading Business Setup in Dubai Mainland
Forming a furniture trading business in Dubai can be promising and profitable. For foreign investors and aspiring entrepreneurs, the steady growth of this industry comes, in part, from the demands of the real estate industry. With an ever-growing business world, more...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
