You need to submit the below documents to open a corporate bank account. Documents prove your business and can be extended and differ according to bank criteria as follows:
Formerly required, this is no longer the case. All licensing authorities and registrars in the UAE, except for a few (such as the DMCC free zone and Abu Dhabi Department of Economic Development), eliminated the need for a capital deposit.
From an entrepreneur’s perspective, opening a corporate bank account is challenging when setting up a company in the UAE. This got validation by the UAE Ministry of Economy and the Dubai Chamber of Commerce and Industry (Dubai Chamber), which conducted research.
Here are some of the essential challenges one might face:
Are you thinking to start a business in Dubai?
Dubai Airport Road, Naser Lootah Building, M-08, Outside cargo Village, Dubai-United Arab Emirates