A great business plan needs functional flexibility

Get your current account today!

  • Key features
  • Documents Required
  • Charges

Current Account (Non-Individual) : Key features

  • Current accounts to suit to the requirement of the business, trading, companies, institutions and other corporate bodies.
  • Accounts for Limited Liability Companies (LLC) / Establishment, Free Zone Companies / Establishments, Professional, Partnership and Personal
  • A/c can be opened in AED, USD, GBP and EUR.
  • Minimum Balance AED 10,000(MAB); for other currencies 1000 (MAB)
  • There is no restriction on no. of transactions.
  • Cheque Book Facility available
  • Monthly consolidated statement through email - free of charge
  • Internet banking facility available.

Current Account (Non-Individual) : Documents Required

  • Copy of Trade License, Chamber of Commerce & Economic Dept Registration.
  • Copy of MOA and AOA. (In case documents in Arabic, then English translation of all documents).
  •  Self attested copy of Passport, Visa and Emirates ID/Pan card of all partners.
  • Copy of Tenancy Contract with Ejari.
  • One recent color Passport size photograph of the authorized signatory.
  • Board resolution for opening of account with BOB as per format given in the account opening form.
  • Bank’s account statement for last 6 months for existing company.
  • Resident Tenancy contract copy.
  • In case of subsidiary/Branch office of the foreign company, duly legalized and consularized Board Resolution of the parent company for setting up Subsidiary/Branch office at UAE.
  • MOA and AOA of the parent Company.
  • Share holding pattern/Share certificate of the parent company.
  • NOC from Sponsor, In case sponsor name different on VISA.
  • original of all the documents for verification.
  • Submit AECB report for account opening.
  • 1 year vat returns/2 years audited balance sheet
  • Company Seal/Stamp.

Current Account (Non-Individual) : Charges

  • As applicable from time to time, please refer to service charges guidelines separately or click service charges to see more details.

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