What is a Holding Company in UAE?
A Holding Company is a business structure used to own the outstanding stock of other companies. The Holding Company does not typically produce any products
TOP BUSINESS SETUP CONSULTANTS IN UAE
Bank account opening assistance in UAE
UAE is well known for its highly secured and safe banking system. As per the statistics published in 2014, UAE Central bank has listed 23 National banks and 28 Foreign banks in UAE.
AURION renders assistance in opening bank account with leading banks like Banque Misr, EmiratesNBD, RAK bank, Mashreq Bank, HSBC, Commercial Bank of Dubai, WIO Bank, CBI International, First Abu Dhabi bank.
Inorder to open corporate bank account in UAE, it is mandatory for the all shareholders of company to be present in the UAE. If there is inconvenience for the Shareholders to be present, a resolution can be passed and attested by Offshore or Freezone authority authorizing any One person to be the authorized signatory and be present in the bank to open, operate and close company bank account.
Most of the banks in UAE open Offshore bank account. Offshore company account will not be eligible for credit card or cheque book, but they can use online banking system to transfer funds. Shareholders of Offshore company can open personal bank account also in the same bank.
Freezone company accounts are eligible for cheque book, debit card, credit card and all other credit facilities from bank. They can avail net banking facility also. Banks give loans to purchase vehicles or assets for the company.
Note: Banks reserve their right to call for any document they seem relevant at any point of time.
You may also be interested to read our blogs: “General Bank Account Requirements in Dubai“, “Company Setup and Business Bank Account Opening in the UAE“.
Digital Banking in UAE is becoming more mainstream with new players entering the market. Also, traditional banks are launching digital products to support the growing business requirements as well as to stay ahead of time.
There are a lot of technological advancements in the financial sector. It is moving to a more digital front and there is a new ecosystem of online payment gateways, online banking, fund management, international trading accounts, and more.
WIO Bank is the latest in the financial and banking sector, offering a completely digital banking experience in UAE. Individuals as well as corporates can utilize the digital banking facilities of WIO.
It is a fully functional digital bank that can be opened through a mobile app simply by uploading your identification documents and a selfie for your verification. WIO is more than just a digital bank.
The bank offers a host of additional services such as invoice management, VAT filing reporting, expense management, multi-currency transfers, and more through the mobile app
Businesses can manage their expenses by obtaining multiple cards, automated payment reminders, and effective financial management. Hence, the new digital banking experience from WIO is a beneficial financial tool for many new businesses especially.
Customers can obtain their Digital Bank Account with IBAN in the shortest possible time and using minimum documentation. Also, there is no minimum balance requirement for maintaining the account, however, a monthly maintenance charge of AED 99 is applicable for the account holders.
A Holding Company is a business structure used to own the outstanding stock of other companies. The Holding Company does not typically produce any products
UAE is an investor-friendly destination with world-class business infrastructure, banking facilities, business ecosystem, political stability, improved lifestyle, and more. Bank Account Opening in UAE is
Office # 213 & 214,
6 EA Building, DAFZA
Dubai Airport Free Zone
PO Box: 371473
+971 425 04150
+971 504 825561
Office # 2 & 3, Z Bldg
Old HSBC Bank, Sharjah
Airport International Freezone
PO Box: 122390
+971 6557 9726
+971 504 825561
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