Bank Account Opening Services
Get the Best Bank Account Opening Services in the UAE at First Step Group
One of the first things to do to start a business is to open a bank account. Most transactions are often carried out through a bank account. It is the next step after you have acquired the license for operating a business, and both Mainland and Freeland companies are required to have one. However, bank account opening in UAE is an important decision involving several considerations, and it's crucial to do it right.
Thus, it is ideal to go for professional bank account opening assistance. First Step Group is the perfect place to get such services.
pg">
Needs for a Bank Account
Let's consider some parties that may need a bank account:
- Non-residents may be interested in opening a bank account to live comfortably here. It is possible for them to open one under certain conditions discussed later.
- Mainland and Freeland companies need bank accounts to operate in the UAE.
- Businesses and traders may need services like bank guarantees. A bank guarantee is where a bank guarantees one trader that their client will make the payment. If the client fails to make the guaranteed payment, then the bank will make the same. The banks will conduct a risk analysis before providing such a bank guarantee, and our bank account opening assistance helps you ensure you get that.
- Local citizens too can go for bank account opening services in Dubai.
First Step Group provides the best bank account opening assistance in UAE for all these groups.
Expats That Can Open a Bank Account
Bank account opening in UAE is possible for expats:
- If you are a non-resident, you will need an Emirates ID and a copy of your passport to open a bank account (both savings and current account) in UAE. An Emirates ID can be acquired if:
- You are an investor in a Freezone or Mainland UAE corporation. You can also get an investor visa if you are such an investor.
- If you are an expat with a freelancing visa - A freelancing visa itself requires a freelance permit, and the two allow you to live and work in UAE for one to five years.
- You can also acquire Emirates ID by investing at least 2 million AED in properties, which will also get you a two-year visa.
There are a few other caveats as well, including the nationality of the individual, and the banker may also require more information. If you are an expat, just get in touch with First Step Group for this assistance.
Documents for opening a bank account in UAE
The following are some of the documents required for opening a bank account:
- Identity documents
- Residence proof
- Emirates ID (for expats)
- Copy of Passports (for residents outside UAE)
First Step Group can provide bank account opening assistance in Dubai in availing all these documents.
Reasons You May Need Bank Account Opening Assistance in Dubai
Opening a bank account may appear a simple task on the face of it, but it can be bothersome, and can consume a lot of time. You may need bank account opening assistance in UAE for several reasons, including:
Lack of understanding of your needs
Often people are not conscious of what type of bank account opening services in Dubai they can expect. Our professional assistant shall help you take stock of your needs and give a better understanding of available banking options with a detailed analysis of both merits and demerits.
Finding a good banker
Not all bankers are the same, and your experience shall heavily hinge upon the choice of banker. That is why one of the most important steps of our bank account opening assistance is finding just the perfect banker for you based on your needs. First Step Group often presents a list of appropriate bankers for the clients to choose from.
Legal and documentary assistance
First Step Group also provides your assistance with local legal requirements and documents (at the very least, Identity Documents and residency proofs are required by banks) required for bank account opening in UAE. From ensuring that all the desired documents are arranged to filling out the forms, First Step Group will assist you with all of them, ensuring a hassle-free experience with opening a bank account.
Lack of time
Often, people choose to go for professional bank account opening assistance in Dubai as they lack the time required to research UAE's banking industry and laws themselves to reach an informed decision.
Understanding other requirements
One must also fulfill certain other requirements for bank account opening in UAE, such as maintaining a minimum balance. In some cases, the banks may require some additional information as well.
Finalizing banking choices
Part of our bank account opening assistance is helping our clients finalize the location, bank account type, fees, and currency for the account.
First Step Group - the Best Place to Get Bank Account Opening Assistance in UAE
First Step Group provides the best bank account opening assistance in Dubai for non-residents and companies. The following are some of the biggest advantages of taking our bank account opening services in Dubai:
Most cost-effective bank account opening services in Dubai
Bank account opening assistance
A hassle-free experience in opening a bank account
Legal assistance
Prompt bank account opening services in Dubai
Personalized bank account opening assistance in UAE
Not only provide bank account opening assistance in UAE, but we also provide all types of services required for starting businesses, like shelf companies, setting up mainland companies, directorship services, accounting and auditing services, etc. In short, we can be your single-stop solution for all such business setup services. Many of these services are often required, along with bank account opening assistance in Dubai, and now you can get them both at First Step Group.
So, if you need bank account opening assistance in Dubai or UAE, just get in touch with First Step Group. Also, save our contact information just in case you need startup or business setup services in the UAE.