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For any business or investor looking to operate in the UAE, opening a bank account is a vital requirement. We provide a seamless experience in bank account opening in Dubai for your business through our expert assistance. Our network with various banks allows us to help all types of companies open a bank account in the UAE. Banks in the UAE and around the world have different requirements in terms of documents, minimum or average balances, etc. Based on the client’s requirements, we offer advice and assistance in connecting them with the right bank that suits their needs.
In case the requirement is to open an Islamic account, we suggest Emirates Islamic or RAK Islamic account. If the requirement is for conducting investment or foreign trade, then we suggest Al Masraf. If you are looking for a conventional type of account, then there are various options like ENBD, Mashreq Bank, First Abu Dhabi Bank, National Bank of Fujairah, Union National bank, and ADCB etc. The timeframe to open account is based on various factors such as the nature of business, domicile of operation (Free Zone/ Offshore or Mainland) and nationality of signatory. For instance, in the mainland, General Trading activity requires compliance approval before you can open an account This is why it takes more time to opening a business bank account in Dubai, UAE.
A combination of these different factors can affect the time frame. For a normal trading company in the mainland with all necessary documents in place, it normally takes 10 working days to open an account.
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