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
Saudi Arabia’s New Economic Zones – Here’s What You Need to Know
Saudi Arabia’s Economic Future Saudi Arabia's ambitious vision for economic diversification and growth has led to the creation of new economic zones that are poised to reshape the country's business landscape. These zones represent a significant milestone in Saudi...
Business Setup Steps in Dubai for American Entrepreneurs
Business Potential in the Gulf Tiger If you dream of expanding your entrepreneurial horizons and tapping into exciting new markets, business setup in Dubai may be right for you. As an American entrepreneur, you'll find a warm, welcoming business environment that...
How to Get Your Commercial Brokerage License in Dubai
Commercial Broker License Dubai’s real estate sector has seen rapid growth in the last few years, and with the ever-evolving business market, there has never been a better time for investors to move to the region to conduct business. This influx of foreign investment...
Dubai, the Business Setup Hub of the UAE
Dubai: Where Businesses Can Prosper Over the last decade, Dubai has become an undisputed powerhouse for business. The city's dynamic and cosmopolitan environment and strategic geographic location make it an irresistible destination for entrepreneurs and investors of...
Mainland Company Formation in Dubai Without a Local Sponsor
Dubai Mainland, a Prime Region to Grow Your Business In recent years, Mainland company formation in Dubai has undergone significant regulatory reforms, making it easier than ever for investors and entrepreneurs to get their businesses up and running. In addition to a...
A Comprehensive Look at the Impact of UAE’s Corporate Tax Rules in 2023
Corporate Taxes in the UAE Corporate tax regulations in the UAE have undergone significant changes in 2023, impacting businesses of all shapes and sizes in the region. One of the most noteworthy developments to these policies is the introduction of a corporate tax...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news