DOCUMENTS REQUIRED FOR FREEZONE BANK ACCOUNT OPENING

• Registered Trade License
• Memorandum of Association (MoA)
• Passport, Visa & Emirates ID of all shareholders (if applicable)
• EJARI or Office tenancy contract (Physical office)
• Virtual Office agreement/Shared desk
• Certificate of Incorporation/ Formation
• Board Resolution (If applicable)
• A description of your business activities 

ADVANTAGES OF OPENING FREEZONE BANK ACCOUNT IN UAE

Cheque Book Facility

A lot of banks in the UAE offer the facility of cheque book to the account holder for creating easy transactions.

Competitive interest or profit rate

The banks in the UAE offer competitive rates of interest or profit rates on the amount deposited with the concerned bank. This interest rate is a type of earning for the account holder and can act as a savings for the business.

Withdrawal Facility

Most of the banks in the UAE, offer free debit/credit card facility with the mainland bank account. The account holder can use these cards for retrieving their funds. Besides, they can also make withdrawals, but within the specified limit set by the concerned bank.

Flexible Funds Transfer

The account holder can easily transfer their funds using these bank accounts. The concerned bank provides net banking and mobile banking services.

Loan/Credit Facility

The account holder has the facility to access various types of loans provided by the respective bank.

24/7 Customer Service

The banks or financial institutions in the UAE offer 24/7 customer service to the account holders. They effectively and efficiently resolve the issues as well as queries.

BENEFITS OF CORPORATE BANK ACCOUNT

• It provides a secure, professional way to manage your corporate finances, ensuring transparency and credibility.
• Confidentiality
• Competitive Interest Rates
• Hassle-free Fund Transfers
• Secure transactions

Loan Facilities/ Credit Facilities, etc

ADVANTAGES OF OPENING FREEZONE BANK ACCOUNT IN UAE

• AMB – Minimum bank balance requirements
• AML screening of business bank account application
• Business profile of the account holder
• Compliance queries
• High risk individuals/nationalities
• Importance of physical office space
• Residence visa
• Source of Wealth declaration
• Strict regulatory requirements

OJO’s ROLE AS A FREEZONE BANKING CONSULTANT

We have expert team with us on Business banking in Dubai and offer

• Application preparation
• 360-degree assistance
• Digital profiling of company and client
• Documentation Preparation
• Ensuring Compliance queries handling
• Expert guidance for bank submission on all queries
• Post account opening support for loans and credit
• Scheduling banker’s meeting at convenience
• Tracking applications for quick and active business account opening
• With us, you get a hassle-free process while opening a business bank account in Dubai