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NAM is a premier business management service provider based in Dubai, specializing in offering comprehensive bank account opening services to our clients.
Opening a business bank account in the UAE can be a challenging process, as you need to go through several strict compliance procedures mandated by the UAE Central Bank. With our bank account opening service, this doesn’t have to be the case. Our team will assist you in opening a bank account, guiding you through each stage and ensuring you have a hassle-free experience.
Your presence is required during the application process. The bank representative needs to meet you personally to fill out forms, sign important documents, and submit required documents for verification. Please make arrangements to be present for a successful process.
If you're not in the UAE, you can start opening a bank account online, but you'll still need to talk to someone by phone or online. If your application is accepted, you have to come to the UAE to sign the form and open the account.
Processing times may vary causing longer waits. Our team is working diligently to handle your application with care and will keep you notified of any changes. Normal processing time is 25 working days or more. Thank you for your patience.
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We'll look at what your company does, how it works, how much money it is expected to make, and how much money you have to get started. Then we'll suggest the bank that works best for your business.
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If the bank needs more information or help with something, we will talk to them and help you finish what they need. And if you can't meet with the person who checks your information, we can go for you.
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We'll assist in obtaining necessary bank papers, including registration proof, company info, owner passports, personal docs, 6-month bank statements, signatory ID and proof of address, and Ejari copy.
If you start a company in the UAE, you can open personal and business bank accounts as a resident of the UAE. These types of bank accounts are really good for people who are not from the UAE and want to invest there because they don't have to report information about these accounts and they offer lots of benefits to account holders.
Non-reportable bank account
Cheque book
Any bank facilities
Online banking
Debit and credit cards
Dedicated Account Manager
If you don't have UAE residency but want to open a bank account for yourself or your business in UAE, there will be some limits to what you can do. This type of account is called a non-resident account.
Reportable to the jurisdictions of the owners’ tax residency
Takes more time to open
Limited in bank facilities
Limited in online banking
Not allowed for issuing credit or debit cards
Opening a UAE offshore bank account has benefits and restrictions, and the process is dependent on both bank requirements and your situation. However, offshore bank accounts in UAE have limitations, which can cause long-term effects on financial stability.
Extra secured and have the highest privacy level
Allow 100% repatriation of capital and profits
Fast to open
Can be opened without UAE Residence Visa
Have no currency or funds transfer restrictions
Have user-friendly online banking system
Not eligible for cheque books, credit or debit cards and ATMs
* All fees are subject to an additional 5% VAT charge.
*Initial one-to-one consultation, Health & Fitness Assasments Bespoke training program planing, Custom Nutrition plan & recipes. Weekly Progress Reviews
*Initial one-to-one consultation, Health & Fitness Assasments Bespoke training program planing, Custom Nutrition plan & recipes. Weekly Progress Reviews
*Initial one-to-one consultation, Health & Fitness Assasments Bespoke training program planing, Custom Nutrition plan & recipes. Weekly Progress Reviews
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