Mainland Company Bank Account Opening

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 accessibility to money. The client can withdraw an amount at a notice of moment 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• Savings Account:Savings accounts usually have a limit of funds withdrawn in one go. Often the banks need a fixed notice to pay the requested funds. This enables the banks 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 transfer of salary in the account of your staff for the corporate sector.

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 mainland company bank account opening, you will be required to follow a process to verify your identity. You would also have to submit some papers to the bank authorities. We will help you in this process and make sure that you receive the best services from the bank in Dubai.

Eligibility Criteria for Mainland Company Bank Account Opening

• You should have a valid passport with the UAE entry page.
• Applicant’s profile – CV
• Latest Utility bill
• Required an Original reference letter of an applicant from the company or personal bank account either in the country or anywhere in 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 we can help you

We provides a wide range of services in Dubai. Our skilled professionals are incorporated with the reputed banks in Dubai to complete your demands.

Dubai enjoys an amazing banking system, known worldwide for exceptional client service. We will help you in mainland company bank account opening, and also help to save your valuable time.

The owners of the business are usually unaware of international and domestic bank organizations. We help you open accounts in those banks. We have done this many times. We also help in maintaining the bank accounts.