Bank Account Opening in UAE

Whether you are looking to buy or sell companies in UAE, perform online transactions that involve buying and selling of raw materials or finished goods or perform other necessary transactions, you need to have an Opening a Bank Account in Dubai that will help you to manage all your financial transactions with ease. A bank account in UAE can not only help you to manage your resources effectively but also help you to plan the growth of your business in the most productive manner. UAE has one of the most extensive and reliable banking systems in the world and by opening an account with one of the leading banks in this part of the world, you can very easily manage the finances of your business.

FAK Consultant services for Bank Account in Dubai

Do you want help in opening bank account for your company? We’ve got you covered. You need a bank account for your business so that you can do hassle free transactions in Dubai or any part of UAE.

The UAE enjoys a superb banking system known for its exceptional customer service throughout the world. FAK will help you in Dubai Company formation with bank account or any other region in UAE. We help you in opening bank accounts in domestic banks. The business owners generally are unaware of domestic and international bank organizations. FAK help them in opening accounts in those banks. We have already helped several businessmen and entrepreneurs in opening Bank Account in Dubai and other region. We also help company owners in maintaining bank accounts.

FAK provides its clients with a complete range of services regarding bank account opening and maintaining. We have a team of specialist professionals who can suggest you the bank which completely meets your business needs. Our services will save your valuable time.

Benefits you will get when you choose to open a bank account in Dubai

You will get a safer and reliable banking service
Your account will be confidential
Your account will require low maintenance cost
You will be able to take advantage of online banking services
You will be able to deposit and withdraw money easily

A business owner can’t get enough benefits from the banking services in Dubai. To open a non-residential bank account in the UAE, you will need to follow a procedure to verify your identity. You will also need to submit some documents to the bank executives. We help you in all this procedure and ensure that you get the best services of the bank.

Following are the list of documents required for opening different types of bank account in Dubai – UAE.

Corporate Bank Account Opening for UAE Resident Sole Proprietorship Co.

Trade License
Partnership Agreement
Passport copy of all partners
Power of Attorney if account is opened and operated by the Power of Attorney holder.
POA

The POA should be a notarized document issued by the court. A Manager of a company can appoint a POA holder provided his name appears on the Trade License and Partnership Agreement. If the Manager’s name is not mentioned on the Trade License then all partners can appoint a Manager through a Board Resolution and the Manager can in turn appoint a POA holder if he has the authority to sub-delegate his powers. POA holder can only open an account if he is empowered do so.

Corporate Account for UAE Resident Limited Liability Company (LLC)

Trade License (3 Pages)
Memorandum of Association
Passport copy of the authorized signatory (ies) with visa page/Entry Stamp page.
Passport copy of the Local Emirati Sponsor with idbara page
Chamber of Commerce Certificate copy
Power of Attorney if account is opened and operated by the Power of Attorney holder.
POA

The POA should be a notarized document issued by the court. The Manager of a company can appoint a POA holder provided his name appears on the Trade License and the Memorandum and Articles of Association. If the name is not there then a Manager can be appointed through a Board Resolution. Once this is done then the Manager can appoint a POA holder, provided he is empowered to do so. The POA holder can only open the account if he is empowered to do so.

Corporate Bank Account Opening for FOREIGN COMPANY

Certificate Of Incorporation
Memorandum and Article of Association
Passport copies of all the partners (Original passport will be seen of the signatory only)
Share Certificate, In case share percentage is not mentioned in MOA or AOA
Passport Copy of the ultimate beneficiary (If any)
In case of Corporate shareholdings structure, shareholder company`s documents will also be required after legal, notary and MOFA stamping
Company structure tree diagram on Company Letterhead
CV of all the partners
Company profile or business profile
Any other document to verify the record, bank may request for

Note all documents required to be attested and notarized by the nearest UAE Embassy / Consulate from the country of origin and Ministry of Foreign Affairs in UAE. We can assist you for this process.

Corporate Bank Account Opening for UAE OFFSHORE COMPANY (RAK IC, JAFZA & AFZA)

Certificate Of Incorporation
Memorandum and Article of Association
Passport copies of the shareholder(s) (Original passport will be seen of the signatory only)
Share Certificate, Incase share percentage is not mentioned in MOA or AOA
Passport Copy of the ultimate beneficiary (If any)
Signing authority’s passport entry stamp page when he came last time in UAE (OR) Visa Copy if he is resident of Dubai
In case of Corporate shareholdings structure, shareholder company`s documents will also be required after legal, notary and MOFA stamping.
Company structure tree diagram on Company Letterhead
CV of all the partners
Company profile or business profile
Board Resolution/Power of Attorney in favour of the Authoriesd Signatory in order to open, operate and close bank account in the name of the company. (If required)
Any other document to verify the record, bank may request for.

Corporate Account for UAE Free Zone COMPANY

Incorporation Certificate or Trade License
Share Certificate, In case share percentage is not mentioned in MOA or AOA
Passport Copies for all partners, if any, signed by the signatory (Original passport will be seen of the signatory only )
Memorandum and Article of Association
Board Resolution if any

In case any change or amendment in the original documents of the company, same will be notarized and attested by that respective free zone.

Corporate Bank Account Opening for BRITISH VIRGIN ISLANDS (BVI )OR FOREIGN OFFSHORE COMPANY

Memorandum & Articles of Association
Certificate of Incorporation
Board Resolution/Power of Attorney in favour of the Authorized Signatory in order to open, operate and close bank account in the name of the company
Passport copy of shareholders as well as of the signing authority if any
Latest three months bank statement for the signing authority
Share certificate of the company if any

Note all documents required to be attested and notarized by the nearest UAE Embassy / Consulate from the country of origin and Ministry of Foreign Affairs in UAE. We can assist you for this process.

Non-Resident Personal Bank Account Opening Process

Passport copy with entry page
6 months bank statement from the home country
Bank Reference letter
Utility bill
OR
Maintain An average balance of AED 200,000

Please note that the bank reserves the right to ask for additional information in line with the international practice of meeting the required compliance regulations and adequately establishing the “Know Your Customer” principle.

Non-Resident Personal Bank Account Opening Process

The following is a list of Dubai banks:

Arab Bank UAE
BNP Paribas
Bank Reference letter
Commercial Bank International UAE
Commercial Bank of Dubai
Dubai Bank
Dubai Islamic Bank
Emirates Islamic Bank

Emirates NBD
First Gulf Bank
HSBC Dubai
Invest Bank
Mashreq
Union National Bank
United Arab Bank

Bank Account Opening in UAE

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