A non-resident is allowed to open a personal bank account in the UAE. However, they have to furnish the identity documents. All the documents should be attested and notarized in their country of origin and the UAE. The baank allows all kinds of standard facilities for individual needs, but no credit cards are issued in the case of Non-residents.
Whether in Mainland Dubai or Free Zone, a company will require a bank account to conduct business transactions. It is easy to open a corporate bank account in the UAE. The documentation process may differ depending on the size of the business and the nature of its activities.
The business will have to provide proof of its legal existence. That would mean providing documents that give the business owner's identity and other documents that provide the business structure details. For companies outside the UAE, the documents relating to the company and its management require to be attested and notarized in their country of origin and again in the UAE.
There is no fixed time frame for a bank account opening process, and it varies from Bank to Bank. However, an LLC or Free Zone company in the UAE takes approximately 2-4 weeks. In the case of offshore companies, it is more.
For opening a corporate bank account, the following documents are required by the bank. The documents required may vary depending on business structure and Bank where the account is sought to be opened. We at Absher provide timely, fast processing PRO Services to your businesses in the UAE.
Bank Account Opening Assistance
Absher Business Consultancy provides proper guidance to their clients throughout the Bank account opening process. Our consultants help in preparing all the documents required by the bank by facilitating account applications.
Business Support Services
As one of the leading Business consultants in the UAE, Absher Business Consultancy provides inclusive business support services. Their business support services enable investors and entrepreneurs in the UAE to start their business operations skillfully. They assist their clients in preparing and processing documents relating to business setup and guide them through the submitting and approval process from the Authorities for getting Trade and other licenses. It helps the non-resident get prompt approvals. Hence, the process of business setting up is done and in a hassle-free manner.