How to open a bank account in the UAE

  1. Company stamp (CBD is the only bank to ask for it)
  2. Bank reference letter (bank statement cannot be used as a bank reference letter)
  1. P.O. Box
  2. Bank reference letter (bank statement cannot be used as a bank reference letter)
  1. Latest 3 months bank statement
  2. Translation of bank statement by a certified translator
  3. Trade License
  4. Stamp and attestation of Trade License (Cost AED 200). This was not disclosed when we met with bank executives and resulted in a delay in the process. Wio bank does not require this.
  5. Memorandum of Association (MOA).
  6. MOA stamped/attested by the license issuing authority (Cost AED 200)
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George Benaroya

George Benaroya

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VP Finance, Global Controller, CFO | P&G, Tetra Pak, Nivea| Strategy executed in 180 countries ►Profitable growth| NYU Faculty