Current economic constancy of the UAE is very satisfactory for its financial institutions like bank etc. The Dubai Bank highly-developed financial system complies with the modern standards and customer requirements when it is about open a bank account in Dubai. Due to this reason, the UAE financial institutes have been acknowledged globally and increased a perfect repute in respect to the services they offer. A lot of business people are interested to open a bank account in Dubai-UAE, everyone wants to open their personal and corporate bank accounts in Dubai, and so they can secure their monetary assets. Due to this all, almost all internationals banks try to open their rep office or branches in Dubai. Most of the above mentioned affirmative facts increase possible interest of international investors and business proprietors to keep their companies’ capital in the Dubai banks.
This is very much important to mention that the procedure of Dubai bank account opening for corporate use as it varies bank to bank. Bank account opening in Dubai requires some time in order to finish all compulsory steps of the application to open Dubai bank account. In our point of view the excellent solution to save your valued time is to consult qualified professionals who went through this process many times. However, just to have a general awareness about Dubai bank account procedure itself, you may interest to read the following information about bank account in Dubai.
Bank Account in Dubai-UAE– Presence requirements
As per the legal procedures of the financial institutions of the United Arab Emirates, it is compulsory to be personally present in Dubai for UAE bank account opening. Else, the process will be considered illegal and bank will not open a bank account in Dubai. The reason of the presence is that original signature of the documents and personal identity confirmation is obligatory requirements which permit applicant to open a corporate bank account in UAE.
Opening Bank Account in UAE for foreign company
This is very much possible to open bank account in Dubai for the foreign company. A foreign company is a company registered outside the UAE, irrespective it is offshore Company such as BVI Offshore Company or onshore company in any jurisdiction round the globe. In order to open a bank account all the required documents should be legalized and attested from UAE embassy in the country of origin and then from ministry of foreign affairs in Dubai. The process of UAE bank account opening is pretty expensive.
Dubai Bank Account – Cheque book
Using Cheque book is pretty common for modern financial system of Dubai. Using a Cheque book for Dubai bank account is convenient and on the other hand this is a secure mode of payments for individuals and corporates as well. However, in order to get a Cheque book for corporate account of the company it is compulsory that the investor should be the resident of UAE. Normally banks don’t issue Cheque book to offshore companies.
Bank Account in Dubai – Debit card
Bank account Opening in Dubai provide you an opportunity to obtain a debit card or credit card as well. It is classic and appropriate instrument for any financial transaction. The debit card holder can make any payments transection through ATM or any payments terminals as well as withdraw the cash from the ATM machines. There are certain terms and conditions on the use of debit card which directly depend on the type of the debit card and bank in Dubai
Dubai bank account – online banking system
Most of the people who are interested in Dubai bank account are generally interested in online banking system. For example bank account for offshore company companies, bank don’t issue Cheque book and debit card to client have only one option to operate his bank account which is online banking. In these days, in modern business world, Dubai online banking is unique instrument of managing bank account from anywhere in the world. This online banking system is very attractive for those companies who have international business transection and want to transfer money funds from one account to another worldwide. Moreover, this is very important to mention that online banking systems of UAE extremely secured method to do business transactions and protect its clients from frauds. So, if you open bank account in Dubai, the main benefits of online banking system is that you can have full control on your Dubai bank account from anywhere in the world.