Bank Account Services

• Hassle free documentation process
• Fast account opening anywhere in UAE
• Assistance in choosing right bank for your business

Be it opening a bank account or arranging for bank guarantee for your business, lot of paper work and formalities are involved. Start-up Village has good relationships with leading banks across UAE ensuring safe and secure banking relation in the Emirates.
Our in-house banking experts with more than 10 years’ experience in the industry would assist you in every step. They would determine the best banks suitable for your business.

Opening a bank account

To open a corporate bank account in UAE, applicants/individual shareholders should be present in the UAE. As part of personal identity confirmation, s/he is required to sign all the required documents in front of the bank official. If there is inconvenience for the applicant to be present, a resolution can be passed and attested by Offshore or Freezone authority enabling company representative to be present in the bank and be the signing authority.

Opening Offshore Company Bank Account

Offshore companies can easily open an account with any bank in the UAE. These accounts will not be eligible for credit card or cheque book, but they can transfer funds even through online banking system. Shareholders of offshore enterprise can also open personal bank accounts with the same bank.

Documents required to open offshore company bank account

• Incorporation Certificate
• Memorandum of Association
• Share Certificate
• Passport copy of shareholder
• Resume/CV of shareholder
• Business proof in home country

Documents required to open Personal Bank Account in UAE

• Passport copy
• Bank reference letter
• Utility bill

Opening Freezone Company Bank Account

These accounts are eligible for cheque book, debit card, credit card and all other credit facilities from bank. They can avail loan benefits to purchase assets for the company. Net banking facility is also enabled.

Documents required to open Freezone Company Bank Account

• Incorporation Certificate
• Memorandum of Association
• Trade License
• Tenancy Contract
• Passport Copy of Shareholder
• Business Profile