Bank account in UAE
- Open the door to success.
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 EmiratesNBD, RAK bank, Mashreq Bank, HSBC, Llyods Bank, Barclays, Citi Bank, National Bank of Abudhabi, and United Arab Bank. Inorder to open corporate bank account in UAE, it is mandatory for the individual 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 enabling any one person to be present in the bank and be the signing authority to open operate and close company bank account.
Offshore Bank Account in UAE:-
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 Bank Account in UAE:-
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.
Documents required to open offshore company bank account:-
- Incorporation Certificate
- Memorandum of Association
- Share Certificate
- Passport copy of Shareholder
- Business Profile of Shareholder
- 6 months personal bank account statement
- Proof of business in home country
Documents required to open Freezone Company account:-
- Incorporation Certificate
- Memorandum of Association
- Trade License
- Tenancy Contract
- Passport Copy of Shareholder
- Business Profile
Documents required to open Personal Bank Account:-
- Passport Copy
- 6 Months Personal Bank statement
- Bank reference letter
- Utility Bill
Note: Banks reserve their right to call for any document they seem relevant at any point of time.