Mon to Fri: 9am–6pm, Sat: 9am to 2pm, Sun: Closed
Mainland Company Bank Account Opening
The UAE’s present economic stability is most satisfactory for financial institutions like banks etc. Most businessmen are interested in mainland company bank account opening. Taskmaster professionals will help you to open a corporate bank account for your mainland company in Dubai and guide you properly through the entire process. We present you with the best banks such as national and international banks that require minimal documents to open a bank account in Dubai. Across all businesses, trouble-free financial transactions play a crucial role in business development. The bank account provides very client-friendly and trouble-free services to the companies in Dubai when the applicant completes the appropriate needs by the banks. The bank account of the company can be an easy task when you know the correct documentation and requirements of KYC (Know Your Customer) of the bank in Dubai.
The bankers of Dubai Bank ask questions and documents during the process of mainland company bank account opening. So that’s why the applicant must reply to this information. Taskmaster consultants will help you with the requirement of KYC (Know Your Customer), before opening a bank account for your mainland company in Dubai and make it an easy documentation process for applicants.
Basic Document Required for Mainland Company Bank Account Opening
- Copy of Trade License
- Copy of Article of Association / Memorandum of Association
- Incorporation Certificate Copy
- Copy of valid passport
- Copy of Share Certificate
- Copy of Emirates ID of shareholders
- Copy of last six months’ bank statement of the shareholders
- Copy of corporate legal documents and bank statement
- Copy of Utility bill of the Shareholders
Types of Bank Accounts you can open For Mainland Company
The banks in Dubai provide two types of bank accounts that are mentioned below:
- Current Account: This bank account provides easy and fast access to money. The client can withdraw an amount and would have features like cash points and debit cards. The rate of interest on the current account is greatly reduced due to the bank’s requirement to keep enough liquidity to complete the demands of clients to withdraw.
- Savings Account: Savings accounts usually have a limit of funds withdrawn in one go. Many times banks need a fixed notice to pay the requested funds. This enables the bank to pay a high rate of interest as the bank requires less liquidity.
Advantages of Mainland Company Bank Account Opening
The bank account in Dubai has immense advantages for the corporate place. One of the major requirements of the formation of a mainland company is you must have a bank account in Dubai. Having a bank account opens up a huge door of opportunities and offers and eases your business needs locally and internationally. Banks have taken all the responsibilities like transferring salary in the account of your staff for the corporate sector.
Mainland Company Bank Account Opening Dubai, UAE : Video
Here are a few advantages that you can get while you open a bank account for your mainland company in Dubai:
- You will receive a safe and reliable banking service
- Your account would be confidential
- Your account would demand low maintenance cost
- You would be able to take benefit of online banking services
- You would be able to withdraw and deposit amounts easily
For a mainland company bank account opening, you need to verify your identity and submit some papers to the bank authorities. We at Taskmaster help you in this process and ensure the best services from the bank in Dubai.
Eligibility Criteria for Mainland Company Bank Account Opening
- A valid passport with the UAE entry page.
- Applicant’s profile – CV
- Latest Utility bill
- An Original reference letter of an applicant from the company or personal bank account in the country or anywhere on the globe.
- Latest six months’ bank statement
- Information on the incoming funds’ source
- Most of the banks in the UAE demand a minimum monthly average balance for opening a bank account in Dubai. The needs differ from bank to bank.
How Taskmaster can help you
Taskmaster provides a wide range of services in Dubai. Our skilled professionals are incorporated with the reputed banks in Dubai to fulfil your demands.
Dubai enjoys an amazing banking system, known worldwide for exceptional client service. We at Taskmaster will help you with mainland company bank account opening, and also help to save your valuable time.
The owners are usually unaware of international and domestic bank organizations. We will help you open bank accounts in those banks. We have opened bank accounts many times. We also help in maintaining the bank accounts.
Frequently Asked Questions on Mainland Company Bank Account Opening
Which bank is best for opening a company account?
Several banks are the finest in these services. These are – Emirates NBD, ADCB, CBD, FAB, ADIB, and more.
Which bank is best for a company account in the UAE?
Emirates NBD, ADCB, and Mashreq Bank are deemed the finest banks in the UAE for opening a company bank account.
Which bank makes it easy to open a business account in UAE?
RAKBANK business account provides you with easy reach to your money all the time. A low minimum balance and a choice of local and international currencies make it a lucrative choice for business customers.
How quickly can I open a business bank account?
This usually takes around 2 to 4 weeks to open a bank account for an LLC or free zone company in the UAE. Although, it isn’t guaranteed as each application is subject to a bank’s internal adherence and management approvals.
