adminOffshore Company Formation With Bank Account Dubai has become very easy with socialite consultancy services. There are 23 locally incorporated banks and 28 branches of foreign banks in UAE. All these banks are under the regulation of Central Bank of United Arab Emirates.
Bank Account For Company Dubai
Finally when you are done with the offshore company formation and registration, you can open a bank account. For this procedure the shareholders are required for singing in the bank forms.
Also opening a bank account will aid in managing the funds and saving the tax of the company. Therefore the investor must know about the political stability, safety, infrastructure and security of UAE.
All type of companies require a bank account to start their business. Since it is a basic requirement, the procedure is quite easy. The customer identification documents may vary depending on the size and nature of business.
Benefits of a Offshore Bank Account
- Multi Currency Loans
- Saving Tax
- Flexible Transactions
- DIFC allows Free Trade in Dubai
- Import and Export Funds
- No need of Currency Declaration
- International Bank Transfers
- Internet Banking
- No ATM, Credit and Debt Cards
Documents required to open offshore company bank account
- Incorporation Certificate
- Memorandum of Association
- Share Certificate
- Passport copy of Shareholder
- Business Profile of Shareholder
- 6 months personal bank account statement
- Proof of business in home country
Procedure of Opening an Offshore Bank Account
- Evaluate the profile and documents
- You need to find the list of banks available for you
- Select the bank that suits your requirements
- Attend the bank personally
- Sing on the bank forms
- Submit the required documents with copies
- It will take about 15 days for the process to be complete
- You will be provided with the banking details to start your business activities.