UAE BANK ACCOUNT OPENING
At Adler & Partners we are thrilled to offer comprehensive Bank Account opening services tailored specifically for corporate entities in the UAE. With our deep understanding of local regulations and extensive expertise, we are the ideal partner to guide you through the process of opening a Corporate Bank Account in this dynamic and lucrative market.
By choosing our services, you benefit from our impressive network of partner banks in the UAE. We have established strong relationships with reputable financial institutions, enabling us to offer a wide selection of banking options tailored to your specific business needs. Whether you require a corporate account for a Mainland Company, a Free Zone entity, or an Offshore setup, we have the knowledge and connections to find the ideal banking solution for you.
Corporate Bank Account
Corporate Bank Account opening is an essential component of running a successful business in the UAE. It offers businesses a wide range of financial management tools, convenience, security, and credibility, as well as allows you to conduct business activities professionally and compliantly.
Main eligibility requirements:
UAE-registered company must have adequate substance in the UAE
Shareholders must have previous business experience in a pointed business activity (ies)
Shareholders can proof their funds
Business activity, curtain countries or jurisdiction the company is registered in are not considered as high-risk according to UAE Central Bank
Businesses must be able to ensure some financial aspects as initial deposit, relatively high annual turnover, competitive minimum monthly balance
Personal Bank Account
With a UAE Personal Bank Account, you can access a wide range of banking services. A personal bank account in the UAE allows individuals to receive their salaries, send and receive money from overseas, exchange foreign currencies, and make cross-border investments.
Main eligibility requirements:
Providing identification documents as UAE residency visa and Emirates ID, international passport
Providing proof of address (ejari)
Providing utility bills for the last 2 months
Providing salary certificate (if applicable)
Having local phone number is obligatory
Company Bank Account Opening Process in the UAE
An account opening process in the UAE can take several months, and corporate documents that expire quickly must be meticulously prepared. With multiple bank applications submitted simultaneously, Adler & Partners has you covered.
Follow these steps to open a bank account quickly:
Submit required documents
Go through the KYC and AML due diligence process in person/ digitally
Sign account opening forms in person
Deposit initial funds (if applicable)
Get your Bank Account opened and activated
Company corporate documents
Visa and Emirates ID of all shareholders
CV of all shareholders
Last three to six months’ bank statements
Proof of address (utility bill or tenancy contract)
VAT registration (if applicable)
Why Adler & Partners
A banking expert at Adler & Partners has in-depth knowledge and experience in the banking industry, which can help understand complex financial products and services and regulatory guidelines.
Depending on your requirements, we can help you choose the right bank; we know exactly what each bank requires and will help you choose only those banks that meet the criteria of your business.
Bank Account Pre-Approval
To avoid unnecessary delays, we will consult with the selected bank regarding your company’s account opening and get a preliminary opinion for you within three days of receiving all required documents.
Banking Profile Preparation
We will prepare a Professional Banking Profile for you in full compliance with the requirements of banking KYC procedures.
Direct Bank Introduction
We will introduce your company directly to the bankers responsible for opening accounts at the selected banks.
Required Documents Support
Our experts will provide you with a checklist of all the documents that the bank requires. We will support and guide you in the process of obtaining the documents.
Priority Lane & Fast Track
Be the first in line thanks to our special arrangements with the banks.
I opened my corporate bank account with Adler & Partners in the UAE. Their expertise and personalized approach made the process seamless and efficient. They truly understand their clients' needs. I highly recommend their services to any company looking to establish a corporate bank account in the UAE. A top-notch experience from start to finish!