BANK ACCOUNT SERVICE
Why Do I Need a Business Bank Account in Dubai?You need a business bank account in Dubai toTo access fundsTo make investmentsTo carry out tradeTo make and receive payments to/from suppliers, buyers, etc.To sum up, once your business in Dubai is up and running, you will need a corporate bank account in Dubai to pay fees, receive and pay money, conduct trade, and do routine operational purposes. This makes it hard for conducting a business in UAE and dealing with international customers without your business bank account in UAE. So to avoid any unnecessary delay that would affect your business transactions you can contact an experienced company setup specialist like Business Chambers to assist open bank account in Dubai so that you can use your time concentrating on other core activities of your businesses.
1. Choose the Right Bank
An important but usually overlooked aspect of business setup is choosing the right bank for your requirements. You may also look into the eligibility requirements that various banks mandate to find one that you can comply with. Most banks in Dubai will need you to have a residence visa and a local address in the UAE. Another thing you need to consider is the continuous minimum balance that you are required to maintain.
2. Get a Business License
This is the first step for company registration in Dubai. You will need to get a valid license after registering your company. Without a license, none of the banks will recognize or let you open a company bank account in Dubai. You should approach reliable business setup consultants like Business Chambers to get this done.
3. Have the Necessary Documents
To open a business bank account in Dubai, you will need to submit certain documents. The documents provide information on proof of business, like contracts and invoices, and the company’s clients and suppliers. While the list differs from bank to bank, usually the documents for opening a corporate bank account include:
- Copy of the Emirates ID card
- Company Trade License
- Certificate of Registration
- Lease Agreement
- Passport copies for shareholders and authorized signatories
- Company Memorandum & Articles of Association
You will also need to provide the buyer’s name, suppliers’ name, shareholders’ bank statement from their home country / or UAE (if applicable).
Why Choose Us
Streamlined Solutions
At Business Chambers, we are a leading provider of comprehensive business solutions in Dubai. With a passion for excellence and a commitment to client success.
Professionals Team
We firmly believe that success stems from the strength of our exceptional team. We take pride in working with a talented group of professionals who are dedicated to delivering outstanding results for our clients.
Licensing Success
We understand the importance of convenient and personalized communication with our clients. That’s why we offer a hassle-free option to request a callback directly from our website
Exceptional Services
At Business Chambers, we are dedicated to providing comprehensive business solutions to entrepreneurs, startups, and established companies in Dubai.
Consulting Services
Our extensive client base spans across various industries and sectors, showcasing our ability to deliver exceptional services on a global scale.
Strategic Guidance
With over 5 years of senior experience in forging collaborations across government, private sector, and international forums, Business Chambers brings a wealth of expertise.