BMS Auditing offers expert support in opening corporate bank accounts in the UAE, guiding you through documentation, bank selection, interviews, and ensuring compliance with UAE banking regulations.
Opening a corporate bank account is one of the most critical operations that should be done within any establishment in the UAE in an establishment of any company. Be it a mainland or an offshore company, it makes no difference at all. What is more important than anything else is to have a fully operational business bank account in place with smooth transactions going through, processing of payments, and maintaining flawless workings. BMS Auditing works with perfect proficiency towards offering full-fledged bank account opening services for businesses in the UAE, which saves precious time and hassle.
Our professional team will also guide you through every step of the process of opening your bank account, from consideration of UAE banking regulations that could help save you time and effort. We help you prepare all required documents as well as selecting the right bank; and deal with all aspects of your application from submission to interviews, and others. With our connections with key banks, we can grapple with all those complex complications that may arise and have your bank account opened on schedule.
Why You Need Bank Account Opening Assistance in the UAE
Opening a corporate bank account in the UAE is relatively hassle-free for mainland companies. It can, however, get quite complicated for offshore companies as the compliance checks and documentation are more time-consuming and stringent. Financial institutions in the UAE implement strict rules to prevent money laundering and tax evasion. So offshore and local companies alike have to meet specific requirements to ensure easy opening of the account.
Professional guidance through all stages is priceless. BMS Auditing helps you smoothen the process by preparing your documents and making bank-specific requests and guides you to pass the interview at the banks, which is compulsorily required for business banking. We at BMS Auditing are well-equipped with UAE banking rules and enjoy good relations with key local and international banks which will ensure that you get your business banking done expeditiously and hassle-free.
How We Can Assist in Opening of Bank Account
BMS Auditing offers expert support to new and existing companies in opening their business accounts in the UAE. Our services are designed to facilitate opening an account and ease you into satisfaction and compliance with all requirements imposed by various regulatory bodies. Here's how we can assist you:
- Select Account Type: Selecting the type of account suitable for a particular business is decided and made available to you, whether it is a current account, savings account, or multi-currency account.
- Bank Selection: Based on the size, sector, and preferences of your business, we find a bank suitable in the UAE for you. May it be a local or international bank, we guide you towards the perfect banking institution.
- Preparation of Documents: All the pertinent corporate documents - your Certificate of Registration, your Company Memorandum & Articles of Association, and your Board Resolutions - are prepared. If so needed, we arrange to have those documents attested in the UAE.
- Facilitation of Bank Interview: Most banks demand a personal interview as part of the account opening process. We ensure this through liaison with the bank and attending in your name to ensure a hassle-free process.
- Ongoing Facilitation: We liaise with banks on a continuous basis to ensure the process of your application does not suffer due to unnecessary delay. If further documents or information is required, we take all necessary steps.
Documentation Required to Open a Corporate Bank Account in the UAE
The nature of the requirement for a corporate bank account in the UAE varies from one bank to another, and it also depends on the specific kind of company. Most, however, require common documents, which include:
- Certificate of Registration: A proof of the legal registration of the company.
- Share Certificates: Proof of the ownership of the company is required.
- Company Memorandum & Articles of Association: These are the fundamental legal documents of your company.
- Board Resolution: The formal resolution authorized by the board of directors shall authorize an officer of the company to open a bank account.
- Copies of the Passport: For Shareholder and Signatories
- Proof of Address: Company and shareholders.
In case the documents are from any outside country, they need to get legalized in the country of origin as well as at the UAE. We deal with this service here at BMS Auditing so that all the required documents get attached at your request according to the demands of the bank.
Advantages of using Bank Account Opening Service by BMS Auditing
Opening a corporate bank account is one of the most crucial business tasks. BMS Auditing ensures that the process goes about very smoothly and with much less hassle. We assure you to get several benefits by choosing us for assistance in opening your bank account in the UAE:
- Hassle-free: We take care of everything from preparing documents to follow-up communications with the bank. Free to focus on other critical business activities, and we will look after banking obligations.
- Professional guidance: Our group is well-versed in the intricacies of banking regulations in UAE, and they ensure that all your documents are as per the requirements. We also advise you on choosing the right bank for your business requirements.
- Timely Follow-ups: Opening a corporate bank account takes time. We ensure the process happens expeditiously by doing timely follow-ups with the banks on account openings and roadblocks.
- Dedicated Support: We introduce you to a specific Relationship Manager at the bank. Hence, a smooth transition throughout the entire account opening process.
- Regulatory Compliances Assurance: The application we prepare is compliant with all the regulations. Thus, you do not get derailed or complicated by delays and complications that may arise due to either incomplete or incorrect documentation.
Why BMS Auditing?
BMS Auditing is one of the most reliable providers of UAE account opening services. We specialize in the setting up of mainland and offshore companies, which entails understanding the needs of each setting. Our strong link with a large number of UAE banks and comprehensive knowledge of financial regulations give us the efficiency to provide cost-effective service.
We, at our company, ensure that you do your bank account opening smoothly, quickly, and in full compliance with the UAE's regulations.
Contact Us Today
Let BMS Auditing be of help to you in opening your bank account in the UAE. Contact us today for advice and support specifically designed to suit your business requirements. Just let us take the hassle off of the banking setup so that you can focus on creating wealth.
