If you are looking to open a bank account for your business, or a personal account, we can assist whether we set up your company or not. We achieve this by utilizing a network of reputable UAE Banks. In most cases, we have long-standing and strong relationships with different banks in UAE.
Before suggesting a particular institution, we will WORK with you to understand your banking needs, as different banks offer various account features. Once we understand your needs, we can coordinate with the most appropriate bank’s representative, on your behalf, to schedule an introduction.
We can arrange the opening of accounts which include debit card facilities,cheque books, and online banking access as well as accounts for all major currencies (US dollar, Euro, GBP).
We have an excellent understanding of the bank’s compliance operations and the information they will require from you. We will work with you on this to help have your bank account established on time. A few of the typical due diligence checks for the bank include finding out the company’s nature of business, the backgrounds of individuals involved with the enterprise, and source of funding.
Our team has banking background experience with vast knowledge of bank compliance rules and procedures related to Anti-Money Laundering (AML) and Know Your Customer (KYC) implemented in UAE banking sector.
Here is sample list of local Banks we are recommending to our clients:
Noor Islamic Bank
Abu Dhabi Islamic Bank
Dubai Islamic Bank
If you’re interested in finding out more about this or engaging with our team to assist you with opening a bank account, please contact us for a free consultation.