- September 30, 2021
- Posted by: admin
- Category: Banks
If you have just landed in the UAE and are making a plan for an extended stay, you are potentially planning to open a bank account as a citizen of Korea. The good news is the UAE allows for a bank account opening for Korean nationality in UAE. So, if you are a citizen of Korea and interested to open a bank account then you can get in touch with the Taskmaster experts who will help you in the bank account opening process and make it reliable and successful in a short possible time. They can guide you completely on every step at an affordable cost.
The UAE population is consisting almost wholly of overseas, which means there is a clear way for bank account opening as a new visitor or a new resident. There are also many benefits to having a bank account with the secure government of the emirate and extensive financial resources. While a citizen of the UAE needs to complete come criteria to apply for bank account opening in UAE, this is potentially for others to have a non-resident bank account in UAE. Moreover, as a Korean national, your choices can be limited for getting advantages or selecting local banks. Nevertheless, most of the biggest units in the UAE do provide possibilities for Korean citizens for bank account opening in UAE there is no severe attention.
The Process for Bank Account Opening for Korean Nationality in UAE
For a bank account opening in UAE, you will be needed to sign your application form and other essential documents in front of the bank officer. Usually, it means you would require to be present physically when you applying for a bank account opening. That being stated, if you decide to the bank in Dubai with large international financial institutes like Citibank or HSBC, you have to be able for bank account opening from the local branch. Another choice is that, in certain situations, you can also hire a professional who would work as your representative in UAE, who can permit you to open a bank account remotely.
Overall, the procedure for bank account opening in UAE is not so different from the procedure in your home country. you require to collect all the documents specified and go to your local branch. Alternatively, this is quite similar to the bank sending their agents to make house calls in UAE. If you wish to secure yourself from the hassle of wearing shoes, call your local bank and make an appointment for a representative to meet you at your office or house.
Generally, if you are a resident of the UAE, your bank account can be up and conducting in some hours. Korean citizens can only apply for a savings account which can take a long time to process their application and as a result, cannot get accessibility to their bank account immediately. As you are going to make a main financial decision, be sure to thoroughly study all the necessary documents submitted by your agent prior to signing.
Documents Required for Bank Account Opening for Korean Nationality in UAE
- Complete for details of all the stakeholders of the company.
- The Memorandum of Association and Article of Association of your company.
- Your trade license or the company incorporation certificate
- Company framework details of your company
- A clarification of your business activities that are involved in the company
- Information about the business experience of the stakeholders of the company.
- Documents showing the source of investments and funds of the company.