Did you know that many companies can help with business setup in Dubai, but most struggle when it comes to opening a business bank account? For most, this is the most challenging step, often causing delays and unnecessary costs. But we have got you covered.
Our team consists of certified professionals with extensive experience in various industries.
We tailor our services to your specific business needs and objectives.
Professionally transit functionalities for covalent alignments. promotion wireless e-business and highly with efficient technologies.
We prioritize the confidentiality of your financial information and maintain the highest standards of data security.
Many businesses, even after establishing their presence in Dubai, face significant challenges in securing a bank account. Complex procedures and stringent regulations can hinder your business growth. Imagine a seamless process, guided by experts who understand the intricacies of Dubai’s banking system. With NewEra, you can streamline the account opening process and focus on scaling your business. Don’t let banking complexities hold you back. Contact NewEra today and let us simplify your Dubai business journey.
We thoroughly analyze your business activities, financial needs, and long-term goals to determine the best type of account and identify suitable banks.
We compile and review all required documentation, adhering to KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations.
We recommend suitable banks and facilitate formal introductions with dedicated account managers based on your needs.
We assist throughout the application process, ensuring accuracy, timely submission, and follow-up with the bank for prompt updates.
Once the account is approved, we support the setup process, including obtaining online banking access and facilitating initial transactions.
Compare the fees, minimum balance requirements, and charges for different types of transactions.
If you have international operations, inquire about currency exchange rates, fees, and available services.
Evaluate the bank’s online and mobile banking platforms for ease of access, security, and features.
Consider the level of customer support, language options, and availability of dedicated account managers.
Prioritize selecting a bank with a strong track record, good financial health, and adherence to regulatory standards
You can easily schedule an appointment with us and one of our expert will consult you regarding your business needs.
To open a business bank account in Dubai, you'll typically need to be a registered company within the UAE and provide documents like your trade license, company Memorandum of Association, shareholder information, passport copies of company directors, and proof of address. Specific requirements may vary slightly between banks.
While some banks may offer the option of remote account opening, it's often subject to specific conditions. It might only be available for some types of businesses. It's best to consult with the chosen bank and a company formation specialist like Newera for the most up-to-date information and guidance based on your circumstances.
The account opening process can take anywhere from a few days to a few weeks, depending on the complexity of your business structure, the completeness of your documentation, and the specific bank's procedures. Working with a consultant can often expedite the process.
Yes, many banks in Dubai offer multi-currency accounts, allowing you to hold funds in various currencies like USD, EUR, GBP, and others. This can be beneficial for businesses with international transactions and helps manage foreign exchange risks.
Yes, most banks in Dubai require a minimum initial deposit to open a business account. The amount can vary between banks and depending on your account type. It's advisable to check with the specific bank for their requirements.
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Welcome to New Era Solutions FZCO, your premier destination for all your business needs in the UAE! We specialize in providing comprehensive solutions to simplify your business operations, from company formation to banking and finance, and tax consultation services.
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