Free Bank Account
Opening Assistance
Top Quality Business Bank Account Services At Your Fingertips. We
offer the following bank account services:
- Business Bank Account
- Resident Bank Account
- Non-Resident Bank Account
Before choosing which type of bank account to open and which UAE bank to choose - contact our experts to get a free advice and we will find the best solution which will suit your business needs and budget the best.
We Offer the following
Bank Account Services!
RESIDENT BANK ACCOUNT
After setting up a company in the UAE you can apply for a personal and corporate Bank Account opening as a UAE Resident.
Such Bank Accounts are the most beneficial for foreign investors because they are non-reportable and provide many opportunities to bank account holders.
- Non-reportable bank account
- Cheque book
- Any bank facilities
- Online banking
- Debit and credit cards
- Dedicated Account Manager
NON-RESIDENT BANK ACCOUNT
if you did not obtain UAE Residency and are willing to open a UAE Bank Account for yourself or your business, then there will be certain restrictions which you will face after opening a Non-resident Bank Account in UAE.
It should be mentioned that such a bank account will be:
- Reportable to the jurisdictions of the owners’ tax residency
- Takes more time to open
- Limited in bank facilities
- Limited in online banking
- Not allowed for issuing credit or debit cards
OFFSHORE BANK ACCOUNT
If you want to open an Offshore Bank Account in UAE here are the benefits and restrictions of such Bank Accounts:
- Extra secured and have the highest privacy level
- Allow 100% repatriation of capital and profits
- Fast to open
- Can be opened without UAE Residence Visa
- Have no currency or funds transfer restrictions
- Have user-friendly online banking system
- Not eligible for cheque books, credit or debit cards and ATMs
HOW WE CAN HELP YOU
OPEN YOUR BANK ACCOUNT IN UAE
At EBMS Business Services we are proud to leverage over 12 years’ experience in opening all types of personal and corporate Bank Accounts in UAE, strong connections with the TOP UAE Banks, and serve our Clients to meet all the requirements for a successful opening of a Bank Account in the UAE.
Our hyper-personalized approach to all Clients resulted in 100% Bank Account Opening Success Rate in 2018 and 98% Success Rate in 2017.
WITH US YOU WILL GET:
-
Follow-up of Bank Account
opening
- Regular updates on the status of your application
- Introduction to your official Relationship Manager
- Scheduling the meeting with Relationship Officer of a chosen bank
- Full assistance during UAE Bank Account opening application and interview
- Coordination with Relationship Officer before account opening application meeting
- Assessment of individual/corporate background
- Preparation of required documents with a company profile specially crafted for banks
WHY TO CHOOSE
UAE BANKS
These days, the vast majority of offshore jurisdictions are facing serious problems due to implementation of the Common Reporting Standard (CRS), under which all your financial data is reported to the country of your tax residency (in a CRS participating jurisdictions). Today, even Swiss and Singapore banks can’t ensure 100% secrecy of their customers’ data.
In this spotlight, UAE banks are the best option as the UAE Resident bank account information is non-reportable. Aside from that UAE banks have a strong economic performance and autonomy from international financial organizations what makes UAE a highly desired destination for foreign businessmen and investors to park their monetary assets.
Our hyper-personalized approach to all Clients resulted in 100% Bank Account Opening Success Rate in 2018 and 98% Success Rate in 2017.
- Full exemption from taxation of interest
- Economic Stability 1 USD = 3.6725 AED since 1997
- No currency exchange regulations
- Best Modern Online Banking
- Innovative Banking Facilities with Apple Pay, Samsung Pay
- Multicurrency Bank Accounts
- Dedicated Relationship Manager
- UAE ranked World's 2nd safest country
- Access to Global Investment Opportunities
Learn more about reportable and non-reportable UAE Bank Accounts in in-depth article of our expert: “CRS and Its Impact on UAE Bank Account Holders”
Please find below required documents to open a business bank account ( depend on banks this can vary).
- Original passport with UAE Residence Visa
- Original Emirates ID
- Stamped 6 months to 1 year bank statement (Local/ International Banks)
- Tenancy Contract ( residence in UAE)
- Any utility bill which features your address
- Updated Curriculum Vitae
- Business Plan with list of potential clients inside or outside UAE
- Company Stamp - We will Provide Complimentary
Once you have prepared all these documents we will review, and finalize everything prior to the meeting with the banking representative.
Please note that Bank account opening will be always subject to approval if any case we are not able to open your business bank account will refund 50% above fees
If you have any concern feel free to contact us anytime, we will be more than happy to assist you
WHY TO CHOOSE
UAE BANKS
The procedure for opening a Corporate Bank Account in the UAE varies from bank to bank. Below we provide the list of TOP-5 UAE Banks with which we work for many years in a row and highly recommend them to our clients.
In the provided list you can find the Bank Account Opening packages with minimum maintenance balance total from all currencies on account, with and without dedicated Relationship Manager (RM).
When opening a Bank Account in the UAE there is a bewildering array of complex steps and procedures you have to go through. Therefore EBMS Business Services offers its services to help you open a Corporate or Personal Bank Account which would save you a big chunk of your precious time.
BANK ACCOUNT OPENING IN UAE FAQs
No its Not possible to Account any Business Bank account remotely with UAE banks.
Its a requirement of Central Bank that you have to be present physically while opening your Freezone Bank Account.
Well it is possible to have debit cards with most of UAE banks while you open Business Bank Account with them, however in order to get credit card you have to deposit some amount with bank, furthermore in regards to Business Loans yes it only possible if your company is 1 year old and you have got good turn over by showing company operations profits audit reports etc.
We try our level best but we highly recommend to setup your company through us so that we will set it up in way that it will be easy to open your bank account since there are few business activities due to which banks take longer time in order to open you company account.
There are lot of factors banks consider before opening your account so its impossible for anyone to Guarantee you about your account opening since the approval of account fully depends on the bank.
Each case goes to few departments of the bank where it has to be approved before the account gets opened.
If the bank has any questions or needs clarifications, it will contact you directly with the inquiries.
The more clear picture about your business you give to the bank, the higher your chances of account opening are.
Since We have assisted lot of freezone companies in opening Business Bank Accounts so we have enough experience about documentation and requirement so prepare your account application in a way that it makes smooth and fast for your business account opening.
The process varies by financial service provider (FSP), as each has its own internal procedures and timeframe for account opening. However, opening a corporate account generally takes approximately 4 to 6 weeks.
Yes, Emirates ID of authorized signatory(s) of the company is a mandatory requirement for the account opening.
Most local financial service providers (FSP) in the UAE require a minimum balance to be maintained, which varies depending on the FSP. Generally, corporates must maintain a minimum balance of AED 10,000 to AED 500,000. However, zero balance facilities are also offered with a minimum account maintenance fee.
Yes, you can start the process of opening your account remotely. However, you may require to be present in UAE depending on your chosen financial service provider (FSP) to fulfil the verification requirements.
For digital FSP, the onboarding process is entirely online compared to the traditional FSP.
A virtual account (VA) or a Virtual IBAN account is an IBAN reference issued by a bank to allow incoming payments to be
directed to a physical bank account. Using a virtual account, you can send and receive money worldwide.
The IBAN should generally be received within five working days after the application is submitted and approved.
The funds will go directly to the master account registered for the Virtual Account. With this master IBAN account, companies can create and allocate a segregated virtual IBAN account to each of their customers to send and receive payments.
Yes, you receive the virtual IBAN under your company name.
Yes, you receive the virtual IBAN under your company name.
Yes, it supports SWIFT transfers in multiple currencies, both inbound and outbound.
Our Google Reviews
EXCELLENT
Based on 697 reviews
Government Departments
We can help you with the processes in the following government departments
WE ACCEPT
We accept the following credit cards. Our website is secured with SSL 256 Bit Encryption.
Why Choose EBMS?
- We provide A to Z Business Setup Services
- We provide 100% confidentiality to all our clients.
- We provide a dedicated account manager
- We provide bank account opening assistance through our well-established banking relationships.
- Drafting of MOUs and MOA/AOA
Send Us Your Inquiry
Please fill out the form to receive free consultation from one of our business set advisors within 24 hours.