Yes, foreign companies are allowed to open an account in the UAE, however, there would be additional requirements required.
You would need to prepare the following documents:
· Trade license
· Certificate of Registration
· Share Certificate Board Resolution for Authority Signatory
· Expected annual turnover
· Supplier information
· Transaction details
· Passport copies of shareholders and authorized signatories
Some banks ask for copies of Company Memorandum and Articles of Association.
Yes, he/she is required to be present during the assessment and review of the documents submitted. The shareholders will sign a board resolution appointing the authorized signatory. He/she can visit the bank to open, operate, and close the account.
Yes, the required balance varies from bank to bank.
Generally, it takes one to three weeks based on the bank. Of course, it still depends if you have submitted the right documents, the assessment of your credentials, and the internal compliance process.
It is not required to register your company’s trademarks, but is another layer of protection to prevent others from using the same mark or something similar to it.
Documents required for trademark registration in the UAE are:
Passport and visa
Emirates ID of the authorized signatory
Description of the company’s goods and/or services
Copy of the logos (.jpeg format)
Notarized Special Power of Attorney
Through efficient mail management services, you can make sure someone will remain on top of all mails you will receive. The service also offer security and notification services.
Generally, mainland companies in the UAE are required to have their own physical office in the country. Some exceptions have been made for e-Trader licenses. For free zone companies, some authorities have a minimum requirement especially for visa-added packages. It would be best to connect with a consultant to ensure your space requirement.
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