Businesses that are unaware of the required time, mandatory submissions, and formalities may face delays in opening a business bank account, potentially jeopardizing their operations. With the global crackdown on tax evasion, banks conduct thorough due diligence, making it essential to be fully prepared to meet all requirements.
The required minimum account balance varies between banks, typically ranging from AED 10,000 to AED 200,000.
There are two types of business entities in the UAE:
ENTELLUS Consult specialists are available round the clock to assist with setting up your company and legal structure in the UAE, and to help you find the right banking solution tailored to your needs. With a network of over 10 national and international banks, we ensure you get introduced to the optimal solution for your business.
Our team is specialized into understanding your business and banking requirements and provides you a solution oriented approach from the time of company formation itself which will help in setting up bank accounts conveniently.