The company formation and bank account opening are two different services. Generally speaking, company formation is easy. Opening a decent bank account for the same company is not. It can be incredibly difficult, time-consuming and frustrating.
We live in a very regulated world. To open the account for a company, all banks will require very detailed personal and business information from the owners and controllers of the bank account.
In particular, the bank will need to know and identify the actual beneficial owner(s) of the company. All such persons, as well as everyone who will be granted account signatory rights, will have to provide a number of documents - such as passport copy, proof of address (utility bill or bank account statement), bankers and/or professional reference and detailed business description/plan. These documentary requirements vary, depending on the chosen bank. This is required by the UAE Central Bank laws that regulate the UAE banking industry.
We have established relationships with a number of top banks in UAE like EmiratesNBD, Mashreq, RAKBANK and are able to make introductions on the basis our clients demonstrate their business background is directly relevant to the intended activity of the new UAE company.
Our services include:
Get in touch with us to know more about our services.