Do you want to open a bank account in the UAE? Make the most of the simple bank account opening in Dubai process. Put your business on the path to success through a corporate bank account with the advisory of KWS ME.
The economic and fiscal stability of UAE owes a great deal to its highly developed and well-regulated banking industry. UAE banking industry is widely acknowledged for its uncompromising compliance with the highest standards of customer service and modern standards of banking requirements. The well-entrenched and ever-improving financial stability of Dubai make this cosmopolitan city a disarmingly attractive destination for foreign businessmen.
Expat investors can park their monetary assets in the banks based in the city here. Many international financial institutions have opened up their branches in Dubai because of this reason. The procedure for opening a corporate bank account in Dubai varies from bank to bank.
There is a bewildering array of complex steps and procedures you have to go through to open a bank account in Dubai. That’s why KWS ME offers its services to help you open a corporate bank account, which would save your precious time. It is our way of saying welcome to our valued clients.
KWS Middle East has been provides consultancy services to businesses and investors. The consultancy not only provides company registration and business setup services but also provides business support services which are highly valued in the business community in Dubai. With the help of these services, many businesses have been able to streamline their operations and deal with matters of urgency while the experts at the consultancy handled matters such as product and trademark registration.
Our team consists of experts from different fields who, in this organization, have come together to provide customized business support to valued clients using the skill set that they have created by including each person’s ability.
Personal presence is a prerequisite for opening a bank account in Dubai. Personal presence is mandatory otherwise, the opening of account will be deemed illegal according to the rules for compulsory banking practices laid down by the UAE Government. This is done for getting the original signature and confirming the identity of an account opener.
A foreign company is allowed to open a bank account in Dubai, be it a BVI offshore company or an onshore company or an MNC from anywhere in the world as long as it is able to furnish all the required documents formally notarized and attested by the UAE Embassy.
Using a cheque, among businesses in particular, is a very favorite and secure method for carrying out financial transactions. However, banks issue cheque books to account holders who are the residents of UAE. Banks based in Dubai do not issue cheque books to offshore companies.
Account holders can either get a debit card or credit card or both. Use of cards makes financial transactions and withdrawal of cash convenient. However, certain terms and conditions are attached with the kind of debit card or credit card that an account holder may receive which can vary from bank to bank.
Online banking has grown by leaps and bounds in the recent years. In Dubai, online banking infrastructure has experienced a robust and exponential rise. It is definitely a USP of Dubai’s banking industry. Offshore companies don’t have the luxury of using cheque books or debit cards, they prefer handling and management of their account via 24/7 online access. This is a very cost-effective and readily available tool for managing bank accounts and making large international transactions in a blink of an eye. It is pertinent to mention here that Dubai’s online banking system is very secure and fraud-proof. Plus, online banking system allows the customer to control their accounts from any remote location in the world.
Opening a bank account in UAE is an easy process with minimum documentation requirements. However, the process to open bank account in UAE might look difficult and time taking for those who have never dealt with such processes in the UAE.
At KWS Middle East, we provide you complete information as to the requirements and documentation that you need to complete to open bank account in Dubai. Experience allows our experts to deal with the process to open bank account in Dubai in a timely manner, while knowledge and continuous work with different clients has left all important information on our experts’ fingertips.
Our position in the market and the nature of our work allows us to interact with people from different backgrounds on topics related to business and company formation. It is for this reason that we can also help you get the best legal services in order for you to be legally covered when it comes to business and trade processes.
The legal services will allow you to run your business without the risk of running into law suits and other legal trouble. Starting a business in Dubai might seem to be challenging with regards to legalities but it is really made simple when we find for you the perfect legal services for.
With the growth of investment in the UAE, the need for home financing has also grown. This is an excellent opportunity for banks to earn profits. We are active in the market, and we keep ourselves updated as to what is being offered in the market.
KWS Middle East can arrange for the best home finance options for you to choose from. We do not provide home financing on our own but use our market research skills to present to you the options that will be most beneficial for you. As we mentioned, our team consists of experts from different fields and this allows us to provide our clients with a wide range of services.
Every business setup in Dubai must have a look at business financing options. They are not too different from home financing options in nature; however, technicalities arise when it comes to the servicing the finances borrowed. We make sure that the best business financing options are presented to you by our expert.
KWS Middle East believes in the accuracy of information and that is where the results come from. Our team works to understand terms of financing and weighs the costs against the benefits before providing you with the best possible option to finance your business.
A business setup in Dubai is always in need of business facilities that help it streamline its operations and smoothen its processes. Starting a business in Dubai has become easier than it was ever before because business facilities are available to be taken advantage of. They only make life easier for the investors. KWS Middle East makes sure you get the best business facilities.
Our goal is to provide comfortable business setup and running, that is why we only consider options that can really make things easier for you. Arranging for meeting rooms, conferences and official programs is not at all difficult with the options available for you to choose from. Things will be just as you would like them to be.
It is really important for businesses in the UAE to make sure they get the right facilities to make business operations and commercial activity easier and less costly for them. Trade facilities include not only the infrastructure required for trade but also the logistics and credit services that help a business perform its routine trade tasks.
KWS Middle East takes pride in having the ability to provide the best options when it comes to trade facilities. The first thing that we arrange for is a trade license, which is our responsibility. Moving ahead, we can discuss the best trade facilities according to the requirements of your business.
Company empanelment is helpful when it comes to providing products to the market. It involves a risk as the products are being given on a credit basis however, that is how the channel of distribution works.
KWS Middle East helps you find the best possible way to make sure your risk is not too high and the product reaches the market too. We know receivers of empanelment who can provide you with the distribution facilities that you are looking for with guaranteed results.
Empowering Success: Vision Meets Expertise
Empowering Success: Vision Meets Expertise
Here is a list of documents which must be produced in order to get a bank account opened in Dubai.
The necessary documents include the following.
Point to remember: In case any change or amendment in the original documents of the company, same will be notarized and attested by that respective free zone.
Bear in mind: Banks require documents to be duly attested and notarized by the UAE Embassy or UAE Consulate from the country of origin and MOFA in UAE. KWS Middle East can also assist with regards to attestation and notarization of documents.
Important Note: The bank may or may not ask for additional information or supporting documents before opening of account. This is in line with the international banking practice of knowing your customer. Below is a list of leading banks in Dubai.
The UAE is emerging as one of the most attractive destinations for the global investors. Its largest city Dubai has...
