Bank Account Opening in UAE

Current economic constancy of the UAE is very satisfactory for its financial institutions like banks etc.  The UAE Banking financial system complies with all the modern standards, security and customer requirements when it comes to opening a bank account.

Due to this reason, the UAE financial institutes have been acknowledged globally and increased a perfect repute in respect to the services they offer. 

It is important to mention that the procedure of bank account opening for corporate companies varies bank to bank. 

Bank account opening requires some time in order to finish all compulsory steps of the application.

 

Bank Account Opening requirements
 

As per the legal procedures of the financial institutions of the United Arab Emirates (UAE), it is compulsory to be personally present in UAE for the bank account opening. The reason being is that original signature of the documents and personal identity confirmation is obligatory requirements which permit applicant to open a corporate bank account in UAE.

Opening Bank Account in UAE for foreign company
 

It is possible to open a bank account in UAE for a foreign company. A foreign company is a company registered outside the UAE, irrespective of whether it is an offshore company or onshore company in any jurisdiction round the globe. 
In order to open a bank account all the required documents should be legalized and attested from UAE embassy in the country of origin and then from ministry of foreign affairs.   

 

Facilities offered by the banks

Cheque book
 

Using cheque book is pretty common for modern financial system of UAE. It is convenient and a secure mode of payments for individuals and corporates as well. However, in order to get a Cheque book for corporate account of the company it is compulsory that the investor should be the resident of UAE. 
Normally banks don’t issue Cheque book to offshore companies.

Debit card
 

Bank account Opening provides you an opportunity to obtain a debit card or credit card as well. It is classic and appropriate instrument for any financial transaction. The debit card holder can make any payments transaction through ATM or any payments terminals as well as withdraw the cash from the ATM machines. There are certain terms and conditions on the use of debit card which directly depend on the type of the debit card and bank in UAE.

Online banking facility
 

Most businesses prefer online banking system. For example bank account for offshore company companies, bank don’t issue Cheque book and debit card to clients. They have only one option to operate the bank account through online banking. 

In these days, in modern business world, online banking is unique instrument of managing bank account from anywhere in the world. This online banking system is very attractive for those companies who have international business transactions and want to transfer money funds from one account to another worldwide. 
Moreover, it is important to mention that online banking systems of UAE extremely secured method to do business transactions and protect its clients from frauds. 

Services we provide

We can introduce our clients to open bank accounts in a number of jurisdictions. 
Our bank account introduction is a professional service provided by TCA International FZE to all our clients. 
While we cannot guarantee the bank will open an account for every client,however by using our professional expertise, we can significantly increase the success rate for account opening. We also can reduce potential application hold ups with incorrect or missing documents that the client may not have been aware of.

 

Why choose TCA International?
 

TCA International has developed a strong reputation for delivering high levels of customer satisfaction, with a one stop shop for all your needs. We believe that we offer the best combination of service, pricing and quality, with no hidden costs. We provide realistic and objective information about timelines, services and fees, so that you can make informed decisions about your choices.

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