Banking Consulting

Opening a professional bank account in the United Arab Emirates can be a complex process due to several factors:

• Regulatory Obligations: Local banks have strict verification obligations. They must perform thorough checks not only on company holders but also on the activities they plan to develop.
• Banking Requirements: It is not uncommon for bank advisors in the United Arab Emirates to request significant cash deposits or insurance subscriptions in exchange for opening the account.
• International comparison: To put things into perspective, consider that in Panama, it currently takes at least a year to open a business bank account.
• Banking requirements: It is not uncommon for bank advisors in the Emirates to ask for large cash deposits or insurance cover in return for opening an account.

It is essential to approach this issue with a full understanding of these challenges, while recognizing that, despite these obstacles, the United Arab Emirates remain a preferred destination for international business.

With our expertise and established relationships with local banks, we can often speed up the process.

Although timelines vary depending on the bank and type of account, with our help, most of our clients manage to open an account in a couple of weeks. This is significantly faster than the average without facilitation.

In the face of a frozen account, it is essential to act quickly and effectively. With the support of our legal specialist and our in-depth knowledge of the United Arab Emirates' banking system, we can help you understand the reason for your account freeze, communicate effectively with the bank, and undertake the necessary steps to resolve the situation. Our goal is to minimize disruptions and enable you to resume your normal banking activities as quickly as possible.

Several reasons make our service a preferred choice compared to a direct approach to a bank:

• Preferred Contacts : Thanks to our extensive network, we have direct contacts within banks. This allows us to speed up processes, get faster responses, and facilitate procedures for our clients.
• Continuous Monitoring With our offer, you benefit from year-round support. Whatever your question or concern, we're here to assist, advise and guide you. You're never alone in the face of banking challenges.
• Combined Expertise : Our team combines expertise in banking and law. This means that we can help you not only with opening and managing your account but also with legal and regulatory aspects that may arise.

In short, by choosing to work with us, you benefit from a holistic approach, privileged access, and continuous support, ensuring an optimal banking experience in the Emirates.

Yes, a non-resident can indeed open a bank account in Dubai. However, it is important to note that non-residents are subject to certain specific restrictions.

For example, they cannot open a current account and are not entitled to own a checkbook. Despite these limitations, there are other banking solutions suitable for non-residents, and we are here to guide you through them.

Yes, the opening of your account is guaranteed provided that you supply all the required documents of your company as well as the account holder's visa.

If we are unable to open your account within 2 months after submitting these documents, we commit to refunding you.

However, we will continue the necessary steps for opening the account.