- September 27, 2021
- Posted by: admin
- Category: Banks
The present economic stability of the UAE is very satisfactory for financial units like banks. If you are a foreigner and want to establish a business then you need to set up a bank account as well. So, if you are an Afghanistan national and looking for a bank account opening for Afghanistan nationality in UAE then now this facility is available in the country. You just require to consult with the professionals at Taskmaster who are able to deal with this task. They will surely help you and provide guidance during the process of opening a bank account in the United Arab Emirates.
A company would need a bank account to conduct any type of business. Opening a bank account in the UAE for corporate use is a relatively simple process for UAE companies. Although, client identification needs can differ based on the activity and size of the business. The financial institution would request detail detailing the legal existence of the unit. Companies that are owned by corporate units would require to offer a complete set of corporate documents to manage the structure and identify the ultimate profitable ownership. In many situations, these documents would require to be valid in their nation of origin and again in the United Arab Emirates.
Global initiatives against tax evasion, money laundering over the last decades have forced the central banks to impose increased client due to diligence process on financial institutes that open accounts for foreign nationals. As a result, banks have had to adopt a hazard-based approach to opening a bank account. The financial institute should further understand the client’s primary business regions, the estimated amount of currency and overall deposits, the legal of profits, and its major clients and suppliers.
The Process for Bank Account Opening for Afghanistan Nationality in UAE
Setting up a bank rapport in the UAE is efficient and quick. In general, the procedure takes from a day or two weeks, based on the type of account. Different accounts need different documents. Expatriates can open a bank account in the United Arab Emirates within a few working days. As a resident, the common need for opening a current or savings accounts you need to fulfill some vital requirements.
Non-residents can only open a savings account in the UAE. Although you will not be capable to ask for a checkbook, you would be provided a debit card to withdraw the money. Moreover, non-resident accounts are subject to the maximum or minimum balance. A bank can also decide to conduct a background examination prior to permitting you to open a bank account.
We at Taskmaster can provide you guidance during the procedure and assist you in preparing all the essential documents to facilitate an application for bank account opening. It will not comprise the cost of making any extra notarized paperwork that a specific bank can require. We will help you at an affordable cost and make it successful in a short possible time.
Conditions and Requirements for Bank Account Opening for Afghanistan Nationality in UAE
• Your presence is compulsory in the UAE
• Copy of passport with the UAE entry page
• CV of the applicant
• Original reference letter of the bank from the company or personal bank account
• Original past 6 months bank statements of a personal account
• UAE bank needs monthly average balance for opening a bank account
Documents Required for Bank Account Opening in UAE
• Trade license copy
• Memorandum of Association and Article of Association
• Share certificate copy
• Incorporation certificate copy
• Copy of Emirates ID of the stakeholder
• Visa page copy of the stakeholders
• Copy of utility bill of the stakeholders
Also read, What Is Bank Guarantee And How Does It Work?