To run a successful business or trade, a corporation must have a bank account. Commercial banks in the United Arab Emirates are categorized into 22 Emirati banks and 26 Foreign Banks. The Central Bank of the UAE is the autonomous organization in charge of supervising these banks' financial stability. These banks control the commerce of all onshore and offshore Dubai
corporations undertaking business in the United Arab Emirates.
Depending on the size and nature of the business, opening a bank account in the UAE is a relatively simple procedure for freezone and mainland company formation
. However, the paperwork and documents required to open a bank account in the UAE necessitate the services of companies that specialize in bank account opening in the UAE. This can help save corporations a great deal of time and money.
FREEZONER is a company that employs a team of professionals to assist businesses in opening accounts in the United Arab Emirates. Over the years, we have proudly delivered value to our customers with our expert understanding of banking protocols to follow in accordance with the country's laws. We facilitate those companies looking forward to opening an account in providing all types of documents and guidance required for the application.
The following series of steps lead to the opening of a business bank account in the UAE: