UAE is regarded as one of the leading business hubs in world and most of the companies are taking their business global in UAE, banking in Dubai have become an attractive option for foreign investors. The UAE boasts a strong and autonomous banking system, making it a leading international financial center with a rapidly growing economy. This has established it as a business hub, drawing corporate banking activities. Dubai, in particular, stands out due to its stable financial market, strong bank secrecy, and minimal regulations, making it a preferred choice over other financial centers.

Adhering to strict anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations, opening a bank account in Dubai is not just as easy as it sounds. This is because the bank in the United Arab Emirates need to meet the highest level of compliance in accordance with the international banking standards. Thanks to Dubai's efficient banking network, it is now a parallel with major financial centers of the world such as New York, London, Tokyo, Singapore, Honk Kong etc. And the banking laws are strict now more than ever.

So, it is important to seek guidance from trusted banking experts to open bank account in Dubai for your personal or business needs to make sure you go through the process hassle-free and not get rejected.

Why Choose WeSetupBusiness for Bank Account Assistance in UAE?

At WESETUPBUSINESS, we help to open bank account in Dubai and in various other emirates of the UAE. Our in-house banking experts have extensive knowledge of UAE banking protocols and maintain excellent relationships with both local and international banks. We have successfully helped numerous clients with their bank account needs. Opening bank account in Dubai for foreigners has become easy with us.

Our Banking Network:

·       Emirates Islamic Bank (EIB)

·       First Abu Dhabi Bank (FAB)

·       Emirates NBD (ENBD)

·       Mashreq Bank

·       Commercial Bank of Dubai (CBD)

·       Dubai Islamic Bank (DIB)

·       Abu Dhabi Commercial Bank (ADCB)

·       WIO Bank

·       Abu Dhabi Islamic Bank (ADIB)

Why it is important to open a corporate bank account in UAE?

Tax Preparation

A bank account allows you to automatically prepare for tax and it is much easier and simpler for businesses to keep the track of their expenses and income. Since the introduction of Value Added Tax (VAT) and corporate tax, you can efficiently link your business bank account Dubai with your accounting software that helps you to save a lot of time preparing for the tax registration and filing.

Protect your business liability

One of the many advantages of Limited Liability Company (LLC) is that in case your company is unable to pay any due debt, your creditor can't legally go after your personal assets unless you did any something that incurs liability such as breaking the law. However, if you mix your business funds with personal funds and do not maintain a separate bank account for your business, then you have no personal assets liability protection. That's why it is important to open a business bank account to keep your business financial separate from personal.

Build credibility with IRS

In order to legally show that your business is paying taxes and has expenses, it must be credible business. To prove its credibility, the IRS must be able to determine that you are putting your efforts to make your business profitable.

Build Business Credit Score

A corporate bank account allows you to build a credit history that can add up to the credibility of your business. For example, in future, if you want to apply for business loan to finance your business expansion or moving to a bigger office space, a good credit history will help you to get you approved with low interest rates. Furthermore, a good credit history with your bank can also help you to get the business credit card with a better interest rate.

Key benefits of Bank Account Opening in Dubai:

·       Easy international access

·       Attractive interest rates

·       Multi-currency banking

·       Convenient fund transfers

·       Flexible investment options

·       Non-restrictive banking services

·       Dedicated relationship managers (RM)

·       Mobile and Online banking

How to Open a Corporate Bank Account in Dubai, UAE?

Company bank account opening in UAE is comparatively a complicated and sensitive process that requires the submission of the following documents:

·       A copy of the Articles of Association pertaining to the formation of the company

·       A copy of the Certificate of shareholders outlining the percentage of the applicant’s shares in the company

·       A copy of the Incorporation Certificate which attests to the registration of the company

·       A copy of the company’s trade License

·       A copy of passport of all shareholders including the page that shows the date of their legal entrance in the country

·       A copy of visa of all shareholders

·       Emirates ID, if the applicant is already a resident of the UAE

·       Names and addresses of three suppliers and three clients of the company

Peronsal Bank Account in Dubai

At WeSetupBusiness, we simplify the process of opening a personal bank account in the UAE. Our team of experts will guide you through every step, ensuring that all necessary documents and requirements are in order. We work closely with leading banks to help you find the best account that suits your financial needs.

We understand that managing your personal finances is important, and we aim to make it as convenient as possible for you. Whether you are a resident or a newcomer, our personal bank account UAE sevices are tailored to meet your specific needs. We handle all the paperwork and formalities, so you can focus on enjoying your new account and the benefits it offers. We help you to open all kinds of personal accounts in Dubai such as current accounts, saving accounts, online bank account, digital accounts etc.  

With WeSetupBusiness, you get more than just an account. We provide ongoing support and advice to help you manage your finances effectively. From choosing the right account type to understanding banking regulations in the UAE, our team is here to ensure you open personal bank account in Dubai hassle-free.

Dedicated Relationship Manager

If you have a business account or a high net worth, you need a dedicated Relationship Manager at your bank. This person understands your financial goals, needs, and preferences, offering you personalized advice and support.

At WeSetupBusiness, our Relationship Manager services are designed to provide you with personalized financial support tailored to your specific business needs. Our dedicated Relationship Managers understand your financial goals and preferences. We streamline your transactions, address any issues promptly, and build a trusted relationship that fosters long-term loyalty and success. With WeSetupBusiness, you can focus on growing your business while we handle your financial management with care and precision.

Benefits of a Dedicated Relationship Manager:

Personalized financial planning

Access to exclusive products and services

Faster and easier transactions

Better problem-solving and dispute resolution

Increased trust and loyalty