Corporate Bank Account Opening in Dubai
A licence without a bank account is a company that cannot operate. Account applications in the UAE are refused more often than most new owners expect, and usually not because the business is unsuitable. They are refused because the application did not explain the business clearly enough for the bank’s compliance team to approve it. The paperwork is the easy part. The explanation is the work.
What This Service Includes
- Advising which banks suit your activity, your shareholding and your expected turnover
- Preparing the complete application pack
- Preparing the business profile and activity description the bank’s compliance team will review
- Arranging and preparing you for the bank meeting
- Following up with the bank through the approval process
- Support with account maintenance questions afterwards
What You Need to Provide
- Trade licence and memorandum of association
- Passport, Emirates ID and visa page for every shareholder
- Proof of address for the shareholders
- A description of the business, its customers and its suppliers
- Expected monthly turnover and transaction pattern
- Supplier or customer contracts, where they support the profile
How It Works
- We look at your licence, your shareholding and your activity, and tell you which banks are realistic.
- We prepare the pack and the business profile that goes with it.
- We submit the application and prepare you for the bank’s questions.
- We follow up with the bank until a decision is reached.
Why H2RS
Banks approve companies they understand. Because we also keep your books, the activity described in your application is the activity your records will actually show, and the figures you project are figures we can support. That consistency is exactly what compliance teams are checking for.
