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BANKING & FINANCE
Solutions with Ignite Zone

Banking & Finance

The advanced financial infrastructure in the emirate streamlines business management and helps to attract expat entrepreneurs. A vital element of this is Dubai’s wide range of banks, offering international-standard financial services.

These banks are geared towards expat entrepreneurs and offer services such as opening a business account, offering competitive financing, secure online banking platforms with loans, and providing trade finance. It allows multinational corporations, SMEs and entrepreneurs to focus on the growth of their businesses, while avoiding the complexities associated with navigating a new financial system. UAE’s tax-friendly climate, which allows for 100% foreign ownership and minimal corporate tax with no personal income taxes, also makes it attractive to expats.

By taking advantage of Dubai’s financial infrastructure and banking sector support, expat entrepreneurs will be able to establish a strong economic foundation that will allow them to flourish in this dynamic, growth-oriented market.

Bank Account Eligibility

Bank Account Opening

Introduction Yourself

Any successful business in Dubai will need a business bank account. This account allows you to effectively manage your finances, gain credibility and perform secure transactions. The account opening process can be confusing in a different country.

Ignitezone is here to help. We are the one-stop-shop for opening a Dubai business bank account. Our team will walk you through the entire process to ensure a smooth, efficient experience. We can assist you in choosing the right bank according to your requirements, manage paperwork, and make sure that you comply with all the regulations. Nevertheless, license holders may also use the banking service of our partners.

Process:

  1. Registration: We will help you to register your account with the bank and ensure all required details are entered accurately.
  2. Document Upload: Our team will provide you with a checklist of the documents that are required for your chosen bank. In the opposite direction, we can upload the necessary documents to the bank to begin the process quickly.
  3. Compliance Review: The bank will review your application in order to determine compliance. This can sometimes lead to delays. But we will keep you updated throughout.
  4. Congratulations! Your account will be activated within 24 hours of approval. The account debit card and chequebook will be sent to you shortly.

Requirements

 

  1. All stakeholders should have their Emirates IDs.
  2. All other documents that the bank may require must be completed.

Why dubai business banking?

Dubai’s geographical location is ideal for bridging East and Western cultures. This unique position is attractive to international businesses because of its value proposition.

Dubai is a tax haven for entrepreneurs, with minimal corporate and capital gain taxes. But the business setup process in Dubai is also streamlined. Dubai’s specialized ecosystems and free zones cater to a wide range of needs. Dubai business banking enables you to efficiently manage your finances, allowing you to concentrate on growing your company.

The complexity of Dubai’s banking system is not easy to understand. Ignitezone is here to help. Our local team empowers you with the knowledge and expertise to open your business account in a seamless manner.

Get a free consultation

Our Assistance

Digital bank account opening assistance

We will make sure you have all of the required documents, answer any queries you may have regarding digital banking in the Emirates and ensure you fully understand the features, benefits and services offered by each digital bank. Account maintenance is free and there’s no minimum deposit for a UAE bank account that has zero balance.

Bank sighting

Our bank inspection service is more than a simple visual inspection. As your trusted mediator, we ensure smooth communication and a positive experience. We will answer their questions regarding your business office, trade licenses and get a better understanding of how you run your business.

Opening a traditional bank account

You can always count on our online and in person assistance team to complete your paper applications, and resolve any conflict you may encounter.

Our assistance

Explore our diverse range of banking partners & choose the right one for you.

 

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