Company formation & Setting up a business in Dubai | Business setup
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Marqueway

Bank Account Assistance for company formation in dubai

Opening a bank account in UAE is a necessity for many entrepreneurs and other individuals who pursue company setup in Dubai, UAE. However, navigating the complex banking system in the UAE can be challenging, especially for a foreign investor who is not familiar with the local regulations and requirements. That’s where Marqueway business setup service comes in and we can guarantee that our assistance is going to help you achieve your desire to open a bank account in UAE.

We provide bank account assistance in offshore banking and help freezone as well as mainland companies with their accounts. The types of bank accounts that we provide assistance for are:

  • Resident Bank Account
  • Non-resident Bank Account
  • Offshore Bank Account

Overview of opening a bank account in UAE with Marqueway:

  • Identifying the right bank that fits your specific business needs
  • Preparing all necessary documentation, including company registration and incorporation papers
  • Submitting your application to the bank on your behalf
  • Following up with the bank to ensure a timely response and successful application
  • Providing ongoing support and assistance with any banking-related matters

 

Marqueway

Benefits of opening a bank account for company setup in Dubai

Dubai is known for its stable and reliable banking system, with a wide range of local and international banks operating in the country. The main advantage of Dubai banking system is the stability it provides. It being a place with no shortage of international and local streams of revenue, Dubai can provide your finances a level of security that none other can offer.

Here are some key benefits of a bank account for company setup in Dubai:

  • Access to Global Network: If you are looking for international exposure, then Dubai is the best place for starting your business as well as opening a bank account.
  • Competitive Interest Rates: You can get competitive interest rates for your savings and investment accounts. This can be really beneficial for company formation in Dubai.
  • Tax Benefits: Dubai’s favourable tax environment can play a significant role in the success of your business setup, making it a compelling reason to seek assistance from a trusted source like Marqueway business setup service to open a bank account as soon as possible.
  • Improves credibility: Dubai being the epitome of success helps bring credibility to your business and your clients, suppliers and partners will believe that you are a legitimate entity.

FAQ's

Some mandatory documents required to start a business bank account in UAE are:

  • Copy of MOA/AOA
  • Trading license
  • Original passport plus a copy
  • Incorporation certificate
  • Emirates ID
  • Bank Statements
  • Proof of Address
  • Utility bills

Yes, a foreigner or a non-resident can open a bank account in the UAE whether it is regarding company setup in Dubai, UAE or for any other ventures.

The minimum salary required to open a bank account in UAE is AED 5000.

Both, GCC nationals and non-residents has the provision to open a back account in UAE.

Opening a bank account in Dubai could get jerky if you're new to the city and looking to get your finances organized. You'll need to provide the necessary documents and meet the minimum deposit requirement that each bank asks for. But the overall process would get easy if you opt for a bank account assistance from an experienced source.

Bank account opening charges can vary from AED 3000 to AED 5000. By paying this amount you should have access to the bank account within a few hours.