Top quality Business Bank Account Services.

Opening a Business Bank Account in UAE made Easy

We Offer the Following Bank Account Services:

- Corporate Bank Account
- Corporate Tax Registration
- Remote Application Process
- All Nationalities

How To Open Business Bank Account In UAE?

Any company in UAE needs a Bank Account to make their business run smoothly. Whether you own a Freezone license or a Mainland license business, opening a business bank account is quite a strenuous task. This is the time you need an expert in-house Bank Advisor to get through the matters easily. Banks in the UAE follow strict Compliance measures imposed by the Central Bank of UAE and that is why our experts are here to assist you.

Growbox's Solutions for Bank Account

At Growbox, we take pride in our ability to open all sorts of business bank accounts quickly, our solid relationships with the Leading UAE Banks, and our commitment to helping our clients fulfill all requirements for a successful bank account opening in the UAE. We cover all your needs to know about using banking services in the United Arab Emirates, such as how to open an account there, what documentation is required, and how to close an account.

Required Document For Business Bank Account

Starting a business in the UAE often involves opening a dedicated bank account to manage finances smoothly. But what documents do you need to get started? This list breaks down the essential paperwork required by most banks in the UAE to open a business bank account.

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FAQ

Is it possible to open Freezone Bank Account Remotely?
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.
Can we Get Loans, Debit or Credits Cards with any of UAE banks ?
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.
Can You Guarantee us that you can open our Freezone Company Business account ?
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.
How long will it take to open my corporate account?
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.
Is Emirates ID a mandatory requirement to open the corporate account?
Yes, Emirates ID of authorized signatory(s) of the company is a mandatory requirement for the account opening.
Are there any minimum balance requirements in the UAE?
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.
Can a business bank account in the UAE be used for international transactions?
Yes, it can be used for international transactions, such as making and receiving payments in foreign currencies.
Is it possible to open a joint business bank account in the UAE?
Yes, it is possible to open a joint account, where multiple individuals or businesses are listed as share holders.

Lets Get Started

Empower your business journey with Growbox – a dynamic hub for entrepreneurs and enterprises.

We specialize in providing comprehensive solutions, including office spaces, business licenses, tax and audit support, and tailored banking and finance services.

Backed by a commitment to excellence, Growbox is your partner in success, offering a seamless experience to nurture and elevate your business to new heights.

Choose Growbox for a thriving business environment and unlock the full potential of your venture.

Denounce with righteous indignation and dislike men who are beguiled and demoralized by the charms pleasure moment so blinded desire that they cannot foresee the pain and trouble.
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