Challenges in Opening a Bank Account in Dubai, UAE

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Challenges in Opening a Bank Account in Dubai, UAE
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An Overview

• Opening a bank account in the United Arab
  Emirates is one of the major challenges that
  company owner encounters while setting up a
  business. In order to create a corporate bank
  account in the United Arab Emirates, you need to
  follow certain requirements. Are you struggling
  with opening a corporate bank account in the
  United Arab Emirates or UAE? Well, you should
  hire a professional project management company!
  MPMS is one of the most trusted and reliable
  project management company that offers
  intelligent business solutions for every
  business. MPMS provides professional bank account
  opening assistance in Dubai, UAE.
• Wondering why connect with a project management
  company for opening a bank account in Dubai, UAE?

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Lets dive into some challenges that company
owners face while opening a bank account in
Dubai, UAE

• Strict Regulatory Requirements Pressure to
  Comply
• Clients Business History
• UAE Resident Visa

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Strict Regulatory Requirements Pressure to
Comply

• In order to combat financial crimes like
  terrorist financing and money laundering, banks
  the in the United Arab Emirates has listed out
  some rules that every business needs to follow.

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Clients Business History

• Before applying for a corporate bank account, you
  need to demonstrate the credibility of your
  business. Previous business history can impact
  your relations with the bank.

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UAE Resident Visa

• Opening a bank account in the United Arab
  Emirates or UAE requires a resident visa! Apart
  from this, you may need to have a local address
  proof. A majority of businesses asks you to share
  valid residency permit to open a corporate bank
  account.

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