Bank assistance
In house banking counters with our banking counters makes opening a bank account easier, and quicker
Bank Assistance
After acquiring a licence, opening a bank account is a crucial next step for any business. We can assist you with banking in Dubai or with opening an account. We can assist freezone companies as well as mainland corporations in opening bank accounts in the UAE thanks to our ties with numerous institutions.
Among other things, banks have various criteria for paperwork, minimum balances, and sector-specific expertise. The strategy may change based on the circumstances. We may offer a list of appropriate and reputable banks to our clients based on their requirements and preferences.
Depending on elements including the nature of the business, the domicile of operation (free zone/offshore or mainland), and the nationality of the signatory, an account may be opened within a specific amount of time. For instance, in the mainland, General Trading needs compliance approval before opening an account. Because of this, opening a bank account requires more time.
Why Have A UAE Bank Account?
Most purchases are done online; thus, a bank account is needed.
No matter the procedures and transactions, opening a bank account in 2023 is easy. The bank chosen must be carefully considered. Considerations when opening a Dubai bank account include:
Considerations for choosing a bank include its location, account type, fees, and currency transaction capabilities, especially for businesses with international shareholders.
Opening a bank account Assistance With SARAB AL'IIMAN
Our Business Support Services include Dubai bank account opening. Elegant Services partners with major UAE banks. Our client service was excellent. Thus, we arrange a client-banker encounter. The banker will clarify bank requirements after reviewing the client profile. To give our clients the greatest experience.
We help our client open a Dubai bank account. We have a local banking network. We scheduled a client meeting with UAE banks. Our bank account opening is free. We help only clients who set up a Dubai Mainland corporation with us. Complete banking procedure will follow their instructions. We ensure each client has a positive bank experience. Sometimes we function as a middleman to follow up with the bank.
How Do Expats Open UAE Bank Accounts?
Dubai banks allow non-residents to open savings and current accounts without many restrictions. Emirates ID is required to open a bank account as an expat. Discussing the options below
1
A UAE corporation can be formed in Freezone or Mainland. Investors Visa and Emirates ID are eligible. The Emirates ID allows open Current, Corporate, and Savings accounts.
2
One can get a freelancing visa. A freelancing visa allows you to live and work in the UAE for 1–5 years. You can open a UAE savings account after residency. A freelance permit is needed for a freelance visa.
3
The final option is to invest 2 million AED in a property. Investors get 2-year residence visas. Bank accounts can be opened with Emirates IDs.
4
Remember that you require a passport copy if you live outside Dubai. The bank may require more information. The client’s nationality also matters.
Bank guarantee Assistance In Dubai, UAE
A bank guarantee is given to a company or an individual regardless of the capacity, of the entity. Thus, a nominal understanding or fee is charged between the parties involved. Some business activities in the UAE require bank guarantees to make an investment or hold a working capital. SARAB AL’IIMAN Business Setup helps companies with a short-term bank guarantee facility that can be valid for 3 days to 10 days.
There are mainly two parties involved in the process of Bank Guarantee – Principal Debtor and Beneficiary for the bank. SARAB AL’IIMAN Business Setup assist you by becoming an enacting principal debtor making you the beneficiary. Through this, SARAB AL’IIMAN enhances the creditworthiness of your company to secure a bank guarantee.
There are various types of bank guarantee that a business may require, to know more on how SARAB AL’IIMAN Business Setup can assist you with the best banking facilities in UAE, speak to our business setup consultants.