New Company Bank Account Opening

All these above-mentioned documents are required for a free zone company account opening in Dubai.

Types of Bank Accounts you can open in Freezone

When opening a bank account for your free zone company, you need to select from current, savings, and investment accounts.

• Current Accounts: You can use your current account for day-to-day money transfers or financial transactions. Current accounts involve issuing a debit card, a credit card, and a checkbook, which gives you are a resident of the United Arab Emirates. You can use this account to transfer wages, and they can also hold in multiple currencies, like USD, Euro, GBP, AED, etc.
• Savings Accounts:Savings accounts typically provide a higher rate of interest than compared current accounts, and may set penalties for withdrawals. A savings account can provide a variable or fixed rate of interest. A savings account can be multi-currency and can be opened in US dollars, Dirhams, pounds, and euros.
• Investment Accounts: Investment accounts typically give a higher rate of interest compared to savings or current accounts, but often accessibility to funds maintained in these accounts can be limited or unavailable for a fixed time period. In view of this, investment accounts may be inconvenient, in case you require regular access to funds. The opening of an investment account is done based on the conclusion of the investment contract with the bank. The term, depending on which contract varies from twelve months and can go from five to ten years or more. As per this agreement, you can transfer a fixed amount of money into an investment account that is opened in the bank, and the bank manages your portfolio in turn, and invests in different financial instruments, due to this you can earn from 3 to 7 percent per year.

Advantages of Freezone Company Bank Account Opening

• Manage your resources effectively
• Easy and reliable transfer of capital in and out of Dubai
• Helps in the productive growth of your business
• Secure online and phone banking system
• Business finances are easily managed

Eligibility Criteria for Freezone Company Bank Account Opening

• The owner has a visa from the UAE or in case the owner resides in an OPA holds a residency visa.
• A six-month statement of the bank for a mother company and a personal account.
• Invoices are used as evidence on a few transactions that are mentioned in the statement.
• Reference letter from the bank of the client in your country.
• Legal document for the formation of the company in the UAE and the ID of the owner.
• Keeping a small investment price makes the process easier.

How we can help you

We are one of the best loan brokers in Dubai helps you by providing business loans for your new or old business. We provide the best combination of services, without any hidden costs. Our clients come first for us. First of all, we try to build the trust of our clients.

In order to successfully acquire a free zone banking service, your company is classified into the correct free zone with the appropriate visa and residence address. We have many free zone options for you that will delight you, from which you can select, also suggest the exact fit to gain your final result as per your wish.

We can offer our clients to open a bank account in many locations, although we are professional in Freezone company bank account opening. We make your Freezone company bank account opening process easy and reliable. You can surely delight in our best services.