Comprehensive Corporate Banking Setup Assistance
Opening a corporate bank account in the UAE is a critical step for any business operating in Dubai or the wider Emirates. AURNÉ Private Advisory provides comprehensive bank account opening support, guiding clients through the complexities of UAE banking requirements, documentation, and account setup. Our services include bank selection guidance, documentation preparation, bank introductions, application support, and ongoing banking relationship management.
Why Professional Bank Account Opening Support?
UAE banking requirements can be complex and vary significantly between banks:
- Complex Documentation: Extensive documentation requirements that vary by bank and business type
- Due Diligence: Rigorous KYC and compliance checks requiring detailed business information
- Bank Selection: Choosing the right bank based on your business needs and requirements
- Time-Consuming Process: Account opening can take several weeks without proper guidance
- Rejection Risks: Incomplete applications or missing documentation can lead to rejection
- Ongoing Requirements: Understanding minimum balance and maintenance requirements
UAE Banking Landscape
The UAE banking sector is well-regulated and offers a wide range of services:
Major UAE Banks
We work with leading UAE banks including Emirates NBD, First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Dubai Islamic Bank (DIB), Mashreq Bank, Commercial Bank of Dubai (CBD), and RAKBANK. Each bank offers different services, requirements, and benefits.
Account Types
Corporate accounts range from basic current accounts to premium business accounts with enhanced services. We help you select the appropriate account type based on your transaction volumes, banking needs, and business requirements.
Banking Services
UAE banks offer comprehensive services including online banking, international transfers, trade finance, letters of credit, and specialized industry solutions. We help you understand available services and set up the facilities you need.
Documentation Requirements
Corporate bank account opening requires comprehensive documentation:
- Company Documents: Trade license, certificate of incorporation, memorandum and articles of association
- Shareholder Documents: Passport copies, visa copies, proof of address, bank reference letters
- Director Documents: Passport copies, visa copies, proof of address, CVs or professional qualifications
- Business Documents: Business plan, financial projections, invoices or contracts (if available)
- Office Documents: Ejari certificate (mainland) or office lease agreement
- Compliance Documents: UBO declaration, ESR compliance certificate (if applicable)
Common Challenges & Solutions
We help address common banking challenges:
- Documentation Issues: Ensuring all documents are properly attested and meet bank requirements
- Source of Funds: Providing clear documentation of fund sources and business activities
- Business Activity Concerns: Addressing bank concerns about specific business activities
- New Company Challenges: Supporting newly formed companies without extensive business history
- International Business: Navigating requirements for companies with international operations
Why Choose AURNÉ for Bank Account Opening Support?
Our Dubai-based team provides expert banking support:
- Bank Relationships: Established relationships with major UAE banks facilitate smoother processes
- Documentation Expertise: Deep understanding of bank requirements and documentation standards
- Industry Knowledge: Experience across various industries and business types
- Efficient Processing: Streamlined approach reduces application time and improves approval chances
- Ongoing Support: Continued assistance with account maintenance and banking needs
- Problem Resolution: Help resolving banking issues and addressing bank queries