Business Bank Account Opening In Uae
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Opening a corporate bank account in the uae is a relatively straightforward procedure for uae mainland companies.
Business bank account opening in uae. Firstly any documents you present may need to be translated and notarised both in the country the business is registered in and again in the uae. A company be it onshore or offshore will require a bank account to undertake any kind of business. If you re planning to transfer money internationally it s especially important to keep your eye on foreign transfer fees.
It s legal to open a business bank account in the uae with a foreign registered company. All commercial banks and financial institutions in the uae are regulated by the central bank of the uae. Corporate bank account.
Otherwise you will not be able to open an offshore or an onshore company. Banking in dubai is known to be fraught with fees and it s always a good idea to get a full list of potential charges before choosing where to open your business bank account. Opening a bank account is an integral part of doing business in the uae.
However opening a bank account in dubai or other emirates for an offshore company is a difficult task as some banks do not provide services for that type of a company. However there are quite a few hoops to jump through to fulfil local legislation. Corporate or business bank account opening services in dubai uae.
A uae company mainland free zone or offshore or a registered branch or subsidiary company in the uae can apply for local banks for corporate account opening. Jitendra business consultants can help businesses in opening corporate or business bank accounts with regional and foreign banks in dubai and uae. All types of companies can open multiple corporate bank account with multiple currency.
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