At GBS , We offer expert solutions and guidance to businesses of all sizes. Our team of experienced consultants has a wealth of knowledge and expertise across various industries. We strive to provide customized services that cater to the specific needs of our clients and help them achieve their goals.
After setting up a company in the UAE you can apply for a personal and corporate Bank Account opening as a UAE Resident.
Such Bank Accounts are the most beneficial for foreign investors because they are non-reportable and provide many opportunities to bank account holders.
Non-reportable bank account
Cheque book
Online banking
100% ownership
Debit and credit cards
Dedicated Account Manager
Non-Resident Bank Account
If you did not obtain UAE Residency and are willing to open a UAE Bank Account for yourself or your business, then there will be certain restrictions which you will face after opening a Non-resident Bank Account in UAE.
It should be mentioned that such a bank account will be:
Reportable to the jurisdictions of the owners’ tax residency
Takes more time to open
Limited in bank facilities
Limited in online banking
Not allowed for issuing credit or debit cards
If you want to open an Offshore Bank Account in UAE here are the benefits and restrictions of such Bank Accounts:
Extra secured and have the highest privacy level
Allow 100% repatriation of capital and profits
Fast to open
Can be opened without UAE Residence Visa
Have no currency or funds transfer restrictions
Have user-friendly online banking system
Not eligible for cheque books, credit or debit cards and ATMs
We want to know your needs exactly so that we can provide the perfect solution. Let us know what you want and we’ll do our best to help.