UAE bank account, where?

[Starlights]

Hello!

Where to find cheapest bank in UAE for small business?

so far i find this bank and i feel not cheap

Noor bank

Minimum deposit - 10000 AED

Maintenance fee - 200 AED

In case your average balance for one month was less then 10000 AED bank will charge you 200 AED for this month.

Online bank - 1000 AED per year

BANK PROVIDES TOKEN

Debit card (Master card) will be issued

1-3 weeks for opening bank account

any suggestion that is cheaper then this bank i would happy to know about

thanks in advance

 

[lavel]

Why you need it to be cheaper? If you can get a bank account there without personal visit and it isn't too complicated I would take it

 

[Starlights]

why pay more then you need and can find a cheaper bank? (not sure if possible find that why open this topic)

you need to visit the bank in UAE. if no personal visit i would take it to

 

[negon]

Personally I have a feeling that they don't want people without money in the UAE to open accounts! They have huge requirements to open the account and they require you to keep and deposit large amounts. At least with the banks I have seen so far.

 

[blizz]

What are min deposit there?

 

[Starlights]

they not have huge requirements only deposit that i try find cheaper

so far i find min deposit 10000 AED

maybe someone know a bank that have lower deposit

thanks

 

[negon]

they not have huge requirements only deposit that i try find cheaper

When I asked they requested the following documents:
Bankers Reference letter with contact details
detailed business description
Professional reference letter
details about customers, suppliers and source of funds
Certificate for source of funds (who to ask I don't know)

Min deposit and amount to be maintained on the account was $50,000

So if the bank you mentioned don't have these requirements please let me know.

 

[Starlights]

When I asked they requested the following documents:
Bankers Reference letter with contact details
detailed business description
Professional reference letter
details about customers, suppliers and source of funds
Certificate for source of funds (who to ask I don't know)

Min deposit and amount to be maintained on the account was $50,000

So if the bank you mentioned don't have these requirements please let me know.

can you show me that bank name please

The banks i have looking in UAE have minimum 10 000 UAE i do not know what bank you have been looking at or maybe you want you pick the highest premium accounts. lol

here is another famous bank in UAE with minimum 10.000 UAE

http://www.mashreqbank.com/uae/en/sme/sme/tariffs-and-charges#0

 

[Starlights]

when i was aksed they need only this requirements and it depends what kind of business you run i think. for me i need only this requirements and i not run a adult business just a internet company that sell apps

· Passport copy of director – if different from shareholder.

· The full set of the company incorporation documents.

. Business description

No huge requirements.

And again i think it depends what kind of business you run or maybe what citizen you are they will ask more but for me no huge requirements

 

[blizz]

This seems to be acceptable 10,000 AED = 2500 EURO correct ?

 

[Starlights]

This seems to be acceptable 10,000 AED = 2500 EURO correct ?

Yes i think about 2500 Euro but still i feel to expensive for my budget when include airplane tickets so i try see if someone know a lower deposit in UAE for open bank account for a offshore bank.

If not okey then i need just accept it

 

[belarus]

Why not just accept it and move on! You may open a bank account in Cyprus if possible and avoid all the hassle to visit the bank and stuff.

 

[Starlights]

Why not just accept it and move on! You may open a bank account in Cyprus if possible and avoid all the hassle to visit the bank and stuff.

It no hassle to visit a bank if i know it is worth the effort

 

[negon]

It no hassle to visit a bank if i know it is worth the effort

So did you went to the bank or you are still waiting ?

 

[Starlights]

So did you went to the bank or you are still waiting ?

i not sure yet what company setup i will pick i need people convince me what is the best option and the best place for do that i guess is in this forum where many people know alot about company setup. I not really convince what the best option is for my needs. everyone speaks different and i neeed follow majority simple like that

 

[Starlights]

When I asked they requested the following documents:
Bankers Reference letter with contact details
detailed business description
Professional reference letter
details about customers, suppliers and source of funds
Certificate for source of funds (who to ask I don't know)

Min deposit and amount to be maintained on the account was $50,000

So if the bank you mentioned don't have these requirements please let me know.

did you find the name of that bank that need 50.000 usd for open a account or still try find?

i did show you many that was not near that price you talk about so i not sure what bank you was talk about or maybe it was a premium account?

 

[drillbill]

i not sure yet what company setup i will pick i need people convince me what is the best option and the best place for do that i guess is in this forum where many people know alot about company setup. I not really convince what the best option is for my needs. everyone speaks different and i neeed follow majority simple like that

What about Bulgaria and Labuan as discussed on the forum now? I read @Internationaloff can help with the incorporation of the corps.

 

[Starlights]

What about Bulgaria and Labuan as discussed on the forum now? I read @Internationaloff can help with the incorporation of the corps.

interesting I need have some information about this setup? Do you have any topic where they discuss it that you can give me? Thanks for the Tip

 

[syn]

lots noise.. can some list basic information again requirements to open UAE account? including min- deposits and so forth..`??

 

[Starlights]

lots noise.. can some list basic information again requirements to open UAE account? including min- deposits and so forth..`??

Noor bank

Minimum deposit - 10000 AED

Maintenance fee - 200 AED

In case your average balance for one month was less then 10000 AED bank will charge you 200 AED for this month.

Online bank - 1000 AED per year

BANK PROVIDES TOKEN

Debit card (Master card) will be issued

1-3 weeks for opening bank account


Here is anohter bank that i find:


Mashreqbank in UAE with minimum 10.000 UAE

http://www.mashreqbank.com/uae/en/sme/sme/tariffs-and-charges#0



requirements:

· Passport copy of director – if different from shareholder.

· The full set of the company incorporation documents.

. Business description


This requirements can bee different depends i think from what country you live in and what type of business you run