Business Account

Let Us Help you to open a Business Account
Looking forward to opening a business account, connecting with Elite Banking Consultancy for Digital Profile, Comparing Banks, and Hassle-Free Documentation & FASTEST Services. With a pool of experts and a strong connection with banks, we make the Bank Account opening super easy for our clients.

1. Banking Assistance for opening Business Bank Account(s) in the financial institutions / Banks across the world.
2. Introduce Company to the financial institutions / Banks.
3. Evaluation of documents prepared by First Party.
4. Presentation to the financial institutions / Banks on behalf of First Party.
5. Coordinating the due diligence process or any other related processes necessary for Bank Account opening as would be advised by the First Party on case-by-case basis and in its sole discretion
6. Negotiating terms with the financial institutions / Banks, any final cost must be approved by the First Party before incurring any expenses.
7. Providing advice on the services offered by Financial Institutions / Banks.

TYPES OF ACCOUNTS:

a) Offshore account
b) Mainland account
c) Free zone account
d) Personal account

a) Offshore Account

Simply put, offshore banking refers to financial operations made from locations other than your home country. Some of the frequent reasons for choosing offshore banking facilities are the need for multi-currency loans or tax savings. However, different people and business account holders have different motives for doing so. Offshore banking has become increasingly important in recent years due to the fact that it offers flexible transactions, which is a requirement of these offshore bank accounts, and makes it easier to manage your international financial commitments. With the establishment of the Dubai International Financial Center, or DIFC, which permits free trade in Dubai, which has recently developed a significant business plan.

The benefits of Offshore Business Account in the UAE

  • Preferential Currency Exchange Services
  • Levels of Service and Confidentiality
  • Accessibility and Comfort
  • A sense of Safety and Protection

Elite Banking Consultancy will direct you through the process and prepare the appropriate documents. We’d be happy to speak with you about the steps you need to take to open your own Offshore Bank Account. We ensure the contact between you and the bank is as effective as possible.

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b) Mainland Account

For financial institutions like banks and other institutions, the UAE’s current economic stability is very satisfactory. The majority of businesspeople are interested in creating bank accounts for mainland companies.

Elite Banking Consultancy will assist you and correctly guide you through the complete process of company bank account opening in UAE for your mainland Company. We provide you with the top banks, including local and foreign institutions that only need a few pieces of paperwork to open bank account in UAE.

During the process of opening a bank account for a mainland company, the Bank ask inquiries and request relevant papers. In light of this, it is imperative that the applicant respond to this information correctly.

Before beginning the process of creating a bank account for your mainland firm, Elite Banking Consultancy will assist you with the KYC (Know Your Customer) requirement and make the application procedure simple for applicants.

Advantages of opening Mainland account in UAE

  • Debit and Credit Card Facility
  • Cheque Book Facility
  • Flexible Funds Transfer
  • Loan or Credit Facility
  • Competitive interest or profit rate
  • 24/7 Customer Service
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c) Free Zone Account

A free zone company requires a bank account to make transactions as well as to handle other money related matters. Although account opening is not simple, the expert team of consultants at Elite Banking Consultancy in UAE will help you to open a business account for your free zone company.

Banks in the United Arab Emirates are among the most reputable organizations in the area. Even if the rules differ from bank to bank, obtaining a business account for a free zone company is a difficult, time consuming job that also requires a significant amount of documentation. 

Opening a Free zone Account in United Arab Emirates is a little tricky task. You need an expert account opening support to get through the matters of opening business bank account easily. Banks in United Arab Emirates are the most dependable entities in the entire region, but now it is not easy to open an account as it was in past but don’t worry, we at Elite Banking Consultancy are here to assist and guide you in bank account for Free zone Company in UAE.

What are the Advantages of having a Free zone Business Account?

Opening a free zone Business Account is a wise decision for your company for a variety of reasons which are as follows

  • Advantage of Zero Taxation
  • The account makes you eligible for a credit card that allows for unlimited shopping possibilities.
  • The ability to obtain loans for personal, business, and other purposes.
  • Keep your privacy and safeguard your personal data.
  • Utilize joint account possibilities as well as various forms of money.
  • Locally and globally, capital transfers are assured to be trustworthy.
  • Obtain services from and access to banks and banks abroad.
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d) Personal Account

For those who have never dealt with such processes in the UAE, however, the process of opening a personal account in the UAE can seem complex and time-consuming. Our experts’ experience helps them to deal with the process of opening a personal bank account in the UAE in a timely manner, while their expertise and ongoing work with various clients has left all pertinent details at their fingertips.

Having a bank account in the UAE is not a legal requirement. However, there are a number of reasons why getting one is advantageous. Accountholders are usually able to better control their spending and saving patterns. Regularly received bank statements show where and when the funds were spent. This will assist people with budgeting and long-term planning.

What are the Advantages of having Personal Account in UAE?

Bank accounts in the UAE come with a variety of enticing benefits and features. Mentioned below are a few of them.

  • Debit and Credit Card Facility
  • Cheque Book Facility
  • Flexible Funds Transfer
  • Loan / Credit Facility
  • 24/7 Customer Service

We at Elite Banking Consultancy are here to assist and guide you for opening a personal account in UAE.

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