A corporate bank account in the UAE refers to a bank account specifically designed for businesses and companies operating within the country. A wide range of financial services offered by this account to meet all the business needs of company.

Benefits of Open Corporate Bank Account in the UAE

There are many advantages to setting up a corporate bank account for your business, including better credibility, better financial management, and easier transactions. It helps keep company money safe and makes financial transactions simpler.

Required to Meet Changing Demands 

Organizational bank accounts cater to questions of sustainability, growth, innovation, and financing. They are crucial to development. 

The Possibility of Obtaining Credit

Credit facilities like loans, overdrafts, and credit lines are made available to businesses through corporate banking. These help with cash flow management, funding operations, and expansion.

Investment Options That Suit Your Needs

Financial management is aided by a wide variety of investment services, such as portfolio management and structured products. Costs are reduced when payroll and banking are handled electronically.

Finance-related Help

Derivatives, interest rate hedging, and foreign exchange are all on the table. These reduce the potential for loss and boost financial efficiency. 

Documents required to open a corporate bank account in the UAE

1. Complete Page Copies of Trade Licenses

3. Lease Agreement/Tenancy Contract

3. MOA  and AOA

4. Recent 6 month bank account statements of all shareholders.

5. CV/Resume of all shareholders

6. Utility Bills.

7.Passports and emirates ID of all shareholders.

8. Office Photos with Name Board

9. Address, Phone Number, Email, and Post Office Box

Process behind the corporate bank opening

1. Provide recent, high-quality scans of relevant documents.

2. Send paperwork to your appointed banking consultant.

3. Receive the debit card and account information after the application has been approved.

Time Required for Processing corporate bank account can range anywhere from 4-30 business days depending on customer profile

Opening a corporate bank account requires high professionalism and good relationships with banks. With years of experience in the corporate banking sector, we offer professional advice and services. Contact us for assistance.

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