Corporate or Business Bank Account Opening Services in Dubai, UAE
Jitendra Business Consultants can help businesses in opening corporate or business bank accounts with regional and foreign banks in Dubai and UAE. All commercial banks and financial institutions in the UAE are regulated by the Central Bank of the UAE. In the wake of recent global financial initiatives against money laundering, tax evasion and terrorist financing activities, UAE Central Bank, in line with the international standards has introduced certain compliance requirements on financial institutions and on customers opening offshore companies.
Know Your Customer (KYC) & Due Diligence Requirements for the Opening of a Bank Account in Dubai, UAE
Many foreign entrepreneurs operating their business worldwide through UAE offshore companies or having small facilities commonly known as flexi desk or E office in the free zone are finding challenges to open and operate a bank account in Dubai UAE due to recent Anti-Money Laundering (AML) and Combating Financial Terrorism (CFT) regulations issued by UAE Central bank. All the banks in UAE are asking more and more documents about the Ultimate Beneficial Owner (UBO) including personal profile and website showing the business information under Know Your Clients requirements.