BUSINESS OVERVIEW
HOW WE CAN HELP YOU OPEN YOUR BANK ACCOUNT IN UAE
At Exsus, we are proud to leverage over 15 years’ experience in opening all types of personal and corporate Bank Accounts in UAE, we have strong connections with the TOP UAE Banks, and serve our Clients to meet all the requirements for a successful opening of a Bank Account in the UAE.
Our hyper-personalised approach to all Clients resulted in 100% Bank Account Opening Success Rate in 2020 and 98% Success Rate in 2021.
WITH EXSUS YOU WILL GET:
- Follow-up of Bank Account opening
- Regular updates on the status of your application
- Introduction to your official Relationship Manager
- Scheduling the meeting with Relationship Officer of a chosen bank
- Full assistance during UAE Bank Account opening application and interview
- Coordination with Relationship Officer before account opening application meeting
- Assessment of individual/corporate background
- Preparation of required documents with a company profile specially crafted for banks
BANK ACCOUNT SOLUTIONS IN THE UAE
OFFSHORE BANK ACCOUNT
If you wish to open an Offshore Bank Account in UAE, the benefits and restrictions of such Bank Accounts are: • 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
RESIDENT BANK ACCOUNT
After setting up a company in the UAE you can apply to open a personal and corporate Bank Account 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 • Any bank facilities • Online banking • 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
Mostly one would open an offshore company to secure confidentiality over their financial matters and increase wealth without interruption.
Offshore companies can eliminate or cut down many types of tax payments such as: Capital gains, V.A.T., Death duty, profits on business earnings and property sales.
Amidst the variety of offshore zones, the United Arab Emirates stands out for its impeccable reputation. Thanks to the transparency of the processes of registration and operation, offshore companies in UAE do not raise any concerns of fiscal authorities and international banks.
Before choosing which type of bank account to open and which UAE bank to choose – contact US to obtain free advice and we will find the best solution which will suit your business needs and budget.
