Corporate bank account in UAE

 

The procedure of Dubai bank account opening for business use as it differs bank to bank.

Required Documents for Opening a Corporate Bank Account in UAE is following below

For UAE Resident Limited Liability Company (LLC)

The required documents must include

  • Trade License and also the Memorandum of Association (MOA)
  • Passport copy of the authorized parties with visa page/Entry Stamp page.
  • Passport copy of the Local Sponsor
  • Chamber of Commerce Certificate copy and also the Power of Attorney

For UAE Offshore Company (AFZA, JAFZA & RAK IC):

 

The required documents must include,

  • Certificate of Incorporation and also the Shareholder’s Passport copy
  • Memorandum of Association (MOA) and also the Article of Association (AOA)
  • Share Certificate (if share percentage is not mentioned in MOA or AOA)
  • Passport Copy of the ultimate beneficiary provided (if any).
  • Signatory’s passport entry stamp page or visa copy
  • CV of all the partners
  • Company profile and also
  • Board Resolution/Power of Attorney in favor of the Authorized Signatory (If required)

For UAE Free Zone Company:

 

The required documents must include

  • Incorporation Certificate or Trade License
  • Share Certificate (if share percentage is not mentioned in MOA or AOA)
  • Passport Copies for all partners (if any)
  • Memorandum of Association (MOA) and also Article of Association (AOA)
  • Board Resolution (if any)

Note: Required documents will differ based on the Bank and also the Business Activity of the company.

Read more

We at MSZ Consultancy, we provide the entire support on preparing your personal documents as well as registering companies in the UAE and providing all its documents to banks.

If you want to open a corporate bank account in UAE then feel free to Contact us: +971589827842 or Email us: info@mszconsultancy.com

 

Find out how much it cost you to setup your Dream Business

Other Recent Blogs

How to start an eCommerce business in Dubai

How to start an eCommerce business in Dubai

The accessibility of the internet facility and the usage of smartphones have helped growth in the eCommerce industry. Shopping every basic necessity online is a trend these days. Many individuals are moving from traditional shopping to online shopping. Starting an...

How to start a general trading business in Dubai

How to start a general trading business in Dubai

Dubai is one of the major business locations for businessmen and entrepreneurs. UAE is considered to be one of the most popular trading ports around the world. Starting a general trading business in Dubai is going to be beneficial for entrepreneurs. However, there are...

How to start a retail shop in Dubai

How to start a retail shop in Dubai

Dubai is one of the most attractive markets in the region for retailers with growth opportunities in the UAE. Setting up a retail shop in Dubai can be very advantageous and growth-oriented for entrepreneurs and business people. To start a retail shop in Dubai, there...

How to start a foodstuff trading in Dubai

How to start a foodstuff trading in Dubai

The foodstuff trading business is growing drastically in Dubai. If you are planning to start this business in Dubai then you have made the right decision, due to its immense potential as most of the food supplies in the UAE are exported imported, packed and...

How to start an industrial company in Dubai:

How to start an industrial company in Dubai:

To set up an industrial company in Dubai it requires various documentation procedures to be followed and is a tedious process. Industrial licenses are issued to the organizations that convert natural resources to finished goods. If you are planning to start an...

Steps to start a business in the UAE

Steps to start a business in the UAE

Dubai holds the first position in the business professional list. Due to its tax-free norms and ease of doing business, it attracts international investors dealing in any business industry. To start a business in Dubai is one of the perfect options for entrepreneurs...

Subscribe to Our Newsletter

We’ll keep you updated on the latest trends and news

Request a call back

Would you like to speak to one of our business advisers over the phone?  Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

1407, Mai Tower, Al Nahda, Dubai
United Arab Emirates, P.O.Box 19845
+971 58 982 7842
+971 4 229 7508
info@mszconsultancy.com

WhatsApp WhatsApp us