Business Banking Solutions in Dubai
We assure you we’ll get the best offerings from the best banks for your business purposes.
The advantages of outsourcing your banking requirements to AB Capital Services
Banking Solutions in Dubai and the UAE stand out favourably when compared to other countries. The banks in Dubai and across the Emirates distinguish themselves through low tariffs on banking services, a user-friendly reporting system, high-quality services with competitive charges, and unwavering loyalty to clients. Almost all banks in Dubai and the UAE offer an effective level of service, providing convenient distant access through internet and telephone banking systems. This makes opening a bank account in Dubai a highly prominent and cost-efficient option.
As part of our Business Support Services, AB Capital Services specializes in facilitating bank account openings in Dubai. We have established strong alliances with major banks in the UAE, boasting an impressive track record of serving our clients. To ensure a seamless process, we arrange a meeting between our client and the banker. The banker, after reviewing the client’s profile, explains the bank’s requirements. We are committed to ensuring that our clients have the best possible experience.
In the current landscape, opening a bank account has become increasingly time-consuming and cumbersome. Ascentia addresses this challenge by providing a comprehensive suite of services related to banking and bank account management. Leveraging our extensive network, Ascentia can assist with your banking requirements both within and outside the UAE.
Key Benefits
Bank account opening
Streamlining the process for opening a bank account in Dubai.
Bank account opening
Streamlining the process for opening a bank account in Dubai.
Account management
Efficiently managing and overseeing your bank accounts.
Account management
Efficiently managing and overseeing your bank accounts.
Banking compliance management
Ensuring compliance with banking regulations and standards.
Banking compliance management
Ensuring compliance with banking regulations and standards.
Open Dubai bank account, personal for UAE residents
Tailored solutions for UAE residents seeking personal accounts.
Open Dubai bank account, personal for UAE residents
Tailored solutions for UAE residents seeking personal accounts.
Bank account opening in Dubai for non-UAE companies
Facilitating the process for non-UAE companies to open bank accounts.
Bank account opening in Dubai for non-UAE companies
Facilitating the process for non-UAE companies to open bank accounts.
Offshore bank account
Assisting with the setup of offshore bank accounts.
Offshore bank account
Assisting with the setup of offshore bank accounts.
4 Simple Steps
to start a business in Dubai
Conduct a primary review based on business activity and ownership
Submit an application to the most suitable bank.
Undergo a compliance review by the bank.
Complete the process with account activation, cheque book issuance, and debit card issuance.
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Frequently Asked Questions
The ideal account type depends on your business size, needs, and activity. Options include:
- Current Account: For everyday transactions and cash flow management.
- Savings Account: Earn interest on surplus funds.
- Business Loan Account: Manage loaned funds and repayments.
- Payroll Account: Streamline salary payments and employee benefits.
- Escrow Account: Securely hold funds for specific purposes, like project completion.
Key differences include:
- Fees: Compare monthly charges, transaction fees, and minimum balance requirements.
- Interest rates: Consider rates offered on savings accounts and loan products.
- Digital banking: Evaluate online and mobile banking features for convenience.
- Branch network: Assess accessibility and service quality of physical branches.
- International reach: Evaluate if you need cross-border banking capabilities.
Yes, many banks offer non-resident accounts. Requirements might vary based on nationality and purpose of the account.
Generally, you’ll need:
- Valid passport and UAE visa.
- Proof of address (residence permit or utility bill). Reference letter from your home bank.
- Minimum initial deposit (amount varies by bank).
To expedite transactions and prevent delays:
- Provide accurate and complete documentation during account opening.
- Maintain sufficient funds to avoid insufficient balance fees.
- Understand transaction limits and inform the bank of large transfers beforehand.
- Utilize online banking features for convenient and real-time transactions.
- Communicate clearly with your bank representative for any queries or issues.
Following these steps can contribute to a smoother banking experience.
As of now, there is no personal income tax in the UAE. However, corporate accounts might be subject to corporate tax starting in June 2023. It’s crucial to consult a tax advisor for personalized guidance based on your individual circumstances and tax residency status.