A great business plan needs functional flexibility

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  • Key features
  • Eligibility
  • Charges
  • Current accounts, particularly to suit to the requirement of the business, trading, companies, institutions, and other corporate bodies. There is no restriction on no. of transactions

  • Accounts for Limited Liability Companies (LLC)/ Establishment, Free Zone Companies/ Establishments, Offshore companies, Professional, Partnership and Personal

  • Minimum Balance AED 1,0000 daily basis, For BVI companies AED 25,000 or its equivalent.

  • A/c can be opened in AED, USD, and GBP. For A/cs other than BVI companies, the minimum balance in the A/cs for all currencies put together should not fall below AED 10000/- or it is equivalent.

  • Cheque book facility available

  • Mailing of statement of accounts whenever transactions take place and monthly consolidated statement through email - free of charge

  • No cheque book facility will be provided. Only Bank-to-Bank transfers will be offered

  • Free online internet banking facility (View-based only)

  • All relevant documents to be produced in original for verification

  • Duly filled application for with signature card

  • Copy of registration with economic department

  • Share certificates

  • Original Trade License and a photocopy of the same

  • Original Passport with photocopies of all relevant pages of the director/s/authorised signatories with residence Visa Copy

  • Chamber of Commerce Registration

  • Free Zone Registration

  • Labor Agreement Personal Current Account)

  • Copy of the Memorandum and Article of Association along with all amendments

  • LLC Agreement

  • Certified copy of the board of directors' resolution regarding conduct of the account along with signatures of the authorized signatories as per the format printed in the application form

  • Introduction of the Business Account holder

  • Two recent photographs of the director/s/person

  • Copy Of Tenancy Contract

  • Bank account statement of existing A/c - if corporate maintains account with other banks

  • Original documents to be produced for verification

  • All A/cs are opened based on KYC guidelines as prescribed by the Central Bank of the UAE

  • In case of overseas companies incorporated abroad following documents are to be notarised in country of incorporation and legalised by the UAE Govt./Consulate

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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