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The UAE is considered one of the best countries for doing business. There are many reasons for this, including a reliable banking system and banks themselves, a stable currency, absence of currency control, and the ability to manage accounts from anywhere in the world. Vision Prime helps open company accounts in the UAE and provides services for ongoing account support and interaction with banking institutions.
Our specialists will explain the nuances of opening accounts in an accessible manner and provide effective recommendations. We assist in opening corporate accounts in the UAE with banks such as DIB, ADIB, Emirates NBD, FAB, and Mashreq, offering the most advantageous conditions for new corporate entities.
Personal presence is required to open a company account in the UAE. The bank requires the following documents:
A business description for opening a corporate account.
Yes, it can. There are several reasons for refusal. The most common ones include lack of certain documents, hiding information, or inability to verify the source of funds.
Yes, non-residents can open accounts, but they must meet certain requirements. One of them is having a document package that includes a copy of the passport (with the UAE entry stamp), an original letter from a bank where you already have an account (in your home country or abroad, but not under sanctions). In some cases, the bank may request additional documents.
It depends on the type of account. Corporate accounts typically take about 2-3 weeks to open. If additional documents are required, the process may be delayed. Once the client provides them, the account will be activated within a week.
There are no significant differences. The UAE offers the same services as banks in the West - personal, private, commercial, investment, credit, etc. The only thing to note is the unique structure of the UAE. Each emirate has its own independent government with the authority to make changes to the banking system. Some governments even own banks. Additionally, Islamic banking services are available here.
Residents can open personal savings and current accounts. It's also possible to open a corporate account in a free zone or for an LLC company in the Emirates.
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