Bank Account Opening Services

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Dubai has a nice and friendly business environment in the MENA region and the world. The banking system in Dubai is hassle free once the applicant meets all the requirements of the specific bank. The banking system is flexible due to the numerous local and international banks established in the UAE and the UAE Central Bank is the primary financial regulatory authority. The secrecy level is a crucial reason for the success of the banking system in the UAE

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Dubai and UAE offshore companies/IBCs are allowed to open bank account in the UAE with local banks and foreign banks in different currencies such as AED, USD, EUR, GBP, and othert major currencies. UAE offshore entities can also open bank accounts in other jurisdictions which are duly accepted by overseas banks.

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Premier can assist you in choosing a bank in the UAE and guide you through the whole process of bank account opening for your company. We take care of the whole application and documentation preparation and scheduling appointments with the banks for signature and introduction purposes. The services we provide with respect to bank account opening services include:

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1. Assisting in choosing the right bank

2. Guiding through the whole process of application

3. Preparation of all necessary- supporting documents

4. Drafting resolution for opening of bank account

5. Assisting in notarisation/attestation of documents

6. Arranging for signature

7. Liaising with bank till account details are issued

 

The following documents are usually required by the bank to process a bank account opening:

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1. Copy of certificate of Incorporation and trade license

2. Copy of Memorandum and Articles of Association

3. Shareholders’ resolution

4. Copy of passport of shareholders

5. Copy of Visa page of shareholders (if any)

6. Business plan with potential clients (suppliers/buyers)

7. Copy of last 6 months bank statement of the shareholders

8. Copy of proof of address of the shareholders

 

The above documents are the basic documents required by the bank and the bank may request for any additional information/documentation during processing of the bank account opening.