Assistance for banking documents

Banking sector enumerates a list of paperwork and KYC documents that need to be timely submitted laterally with pertinent certificate for internal verification and audit system. We are familiar with the obligatory application and essential forms, and you can consult us during submission process for assistance. You can avail benefit from our wide relationship network with renowned banks in UAE.

Opening a corporate bank account

Formation of a corporate bank account in UAE involves a lot of formalities. We assure you full support in ensuring that your legal and corporate documents are in line for verification. The exact documents required will differ slightly from bank to bank. As a general rule, however, most financial institutions require the following:

  • A filled in corporate account opening form.
  • A board of directors’ resolution sanctioning the opening of the account, and the signatories to the account.
  • A Company certificate of incorporation.
  • Copy of business license.
  • The share certificates.
  • The Company memorandum and articles of association.
  • Passport copies of partners in the company.

Few banks may additionally request you to furnish supporting documents such as contracts or invoices, reference letters from business partners, business plan, and citing intended business activities.

Note: If your company is owned by another company, you may be required to provide documents for both. 

Bank Guarantee

UAE being a chosen destination for international investors, the usage of bank guarantees is noticeably large in number. Commercial lawyers have defined various aspects of bank guarantee and the law of UAE governing the same. We facilitate our clients with all assistance to attain the stipulated bank guarantee to secure your contract. It is a security, which is issued by the issuing bank to the beneficiary in whose favor the guarantee is issued to shield the losses if the principal debtor fails to abide by the terms of the agreement. Though this, we enhance the creditworthiness of your company to secure a bank guarantee. We can explain you in detail.