from $1,010

Emirates NBD

Corporate Account Opening in United Arab Emirates

International corporate bank account and full e-banking services with Emirates NBD Bank - the leading bank in the UAE. Enjoy full range of business banking solutions in the UAE suitable for your business needs.

Online Banking

Credit Card

Debit Card

Pre Paid Card

USD
1000000

Min. Balance

2-3 days

Processing Time

ORDER FORM

PRE-APPROVAL

Find Out if you are Pre-Approved

The information you provide will allow us to obtain approval for your account as quickly as possible. Please proceed to the buying process and you will get the Pre-Approval Form Application in your Purchases. Please answer each question fully and in detail. Your application may be delayed if the form is incomplete.
TOTAL: $100

FACTS & INFO

  • Requirements

    REQUIREMENTS FOR CORPORATE ACCOUNT SET UP WITH EMIRATES NBD BANK:

    • The client’s personal attendance will be required in one of the branches.
    • The initial deposit and the minimum balance requirements start from USD 1 Million.
    • The corporate account can only be opened for local companies. If you need our assistance with a company formation in UAE, our experienced staff will be glad to help you.
    • Account opening timeframe. The account will be activated within 2 - 3 business days, upon receipt by the bank of all duly completed forms and relevant information.

    DOCUMENTS REQUIRED:

    For the Company:

    Company Under Formation (Free Zone)

    • Memorandum & Articles of Association.
    • Letter from Free Zone Authority addressed to NBD to open the account of the Company.
    • Letter/Documents giving ownership details.
    • Passport copies and residence visa of the authorized signatory as well as all shareholders.
    • Bank Reference letter for the signing authority.

    Free Zone Establishment (FZE)

    • Trade License copy.
    • Share Certificate copy.
    • Letter/Documents giving owner details.

    Free Zone Company (FZCO)

    • Trade License copy.
    • Memorandum & Articles of Association.
    • Share certificate(s) if any.
    • Passport copies and residence visa of the authorized signatory as well as all shareholders.
    • Board Resolution if any.
    • Bank Reference letter for the signing authority.

    For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:

    • Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
    • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
    • Original or notarized copy of Banker's reference letter, dated within 3 months
    • Power of Attorney (where applicable)
    • Personal CV
    • Copy of valid visit visa.
    • If you have entered UAE using e-gate card, ensure e-gate card is valid and the copy to be obtained for bank records.

    IMPORTANT NOTE: LICENSABLE BUSINESS ACTIVITIES

    If you conduct any activity without required license or authorization granted by a relevant authority in any jurisdiction, STARTING BUSINESS will not be able to assist you with the company formation or bank account opening related to such unlicensed activity.

    Licensable activities include, but not limited to: provision of financial services involving trading/brokerage in foreign exchange, financial and commodity-based derivative instruments and other securities; offering investment advice to public; insurance and banking business; operation and administration of collective investment schemes and mutual funds; payment processing services; money exchange, money transmission or money brokering; asset management; safe custody services; gaming, gambling and lotteries.

    Please contact us if you need our assistance in licensing of your financial, Forex brokerage or gambling company.

    SHIPPING COST

    Shipping of corporate documents or banking kits to your destination requires an extra charge and will be automatically added to your order during checkout. Shipping costs for international courier services are set automatically depending on geographic zones.

  • About the Bank

    Emirates NBD is one of the largest financial institutions (by asset size) in the Middle East and the flagship bank for the Dubai Government. Emirates NBD has the largest branch network in the UAE, with representative offices and branches in Egypt, Jersey, China, India, Iran, Saudi Arabia, Qatar, Singapore, UK.

    Emirates NBD provides fully fledged financial services across retail banking, private banking, wholesale banking, global markets & trading, investment banking, brokerage, asset management, merchant acquiring and cards processing.

    Moody’s long term credit rating is Baa1; Fitch: A+; Capital Intelligence: A.

  • Facilities

    WHAT EMIRATES NBD BANK OFFERS:

    • Accounts in all major currencies.
    • Savings Accounts.
    • Current Accounts.
    • Fixed deposit Accounts.
    • Full range of banking services.
    • Wide range of debit/credit Visa and MasterCard products.
    • Private Banking.
    • Tax and wealth management.
    • Cash Management.
    • Trade Finance.
    • Treasury.
    • Online Banking.
    • Business Banking Package with low minimum monthly average relationship balance (MMAB) of AED 50,000.
    • Business Banking Plus Package with with low minimum monthly average relationship balance (MMAB) of AED 200,000.
    • Business Banking Select Package with with low minimum monthly average relationship balance (MMAB) of AED 500,000.
    • Customer support in Arabic, French and English.
    • The approximate timeframe for account allocation from 2 to 3 business days upon receipt of the original documents by the bank and personal face-to-face meeting.

    BANK TARIFFS AND CHARGES

    The Bank's tariffs and charges depend on the package chosen, however generally Emirates NBD bank can be considered as a medium-cost bank with respect to account maintenance and bank transfer fees. The account maintenance is free of charge, however, the minimum monthly average relationship balances have to be maintained to enjoy the respective package privileges, failing which the Bank has the right to downgrade the relationship. A fee for non-maintenance of balance will be charged if the monthly average relationship balance falls below the required amount. The minimum monthly average relationship balance is AED 50,000 and the fee for non-maintenance of balance can range from AED 200 to AED 500 per month.

    Inward remittances are free of charge and foreign currency remittances are ranged from AED 60 to AED 85.

    PLEASE NOTE that bank tariffs may be changed anytime at the sole discretion of the bank, we therefore suggest to contact us or visit the bank’s website for updated details on specific fees and charges.

    STARTING BUSINESS professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.