Emirates NBD Bank

Emirates NBD Bank (UAE)

Offshore Banking solutions can assist you with international company, corporate bank account, and Personal Bank account with free e-banking facilities for managing your daily business banking needs, saving purposes with Emirates NBD Bank - the leading bank in the UAE. The bank offers secure banking from the comfort of your home. Access funds globally through your own card and save money on global FX.

About this Product

Package Services

Corporate Bank Account opening fees with E-Banking facilities: $700

Bank Products and Services

Business Debit/Credit Card: $0

Personal Debit/Credit Card: $0

Shipping Cost: It will be charged extra on actual basis.

Important information about Emirates NBD Bank

About Emirates NBD Bank

Emirates NBD Bank Emirates NBD is one of the largest financial institutions (by asset size) in Middle East and flagship bank for Dubai Government.

Emirates NBD has the largest branch network in the UAE, representative offices and branches in Egypt, Jersey, China, India, Iran, Saudi Arabia, Qatar, Singapore, UK.

Emirates NBD provides fully fledged financial services across retail banking, private banking, wholesale banking, global markets & trading, investment banking, brokerage, asset management, merchant acquiring and cards processing.

Having an international account is an essential step toward financial diversification.  Emirates NBD Bank focuses on offering you an exceptional banking experience, while providing access to a global suite of products.

Facilities offered by Emirates NBD Bank
  • Accounts in all major currencies.
  • Savings Accounts.
  • Current Accounts.
  • Fixed deposit Accounts.
  • Full range of banking services.
  • Wide range of debit/credit Visa and MasterCard products.
  • Private Banking.
  • Tax and wealth management.
  • Cash Management.
  • Trade Finance.
  • Treasury.
  • Online Banking.
  • Business Banking Package with low minimum monthly average relationship balance (MMAB) of AED 50,000.
  • Business Banking Plus Package with with low minimum monthly average relationship balance (MMAB) of AED 200,000.
  • Business Banking Select Package with with low minimum monthly average relationship balance (MMAB) of AED 500,000.
  • Customer support in Arabic, French and English.
  • The approximate timeframe for account allocation from 2 to 3 business days upon receipt of the original documents by the bank and personal face-to-face meeting.
Bank Tariffs/ charges
  • Emirates NBD bank can be considered as a medium-cost bank with respect to account maintenance and bank transfer fees.
  • The account maintenance is free of charge however, the minimum monthly average relationship balances have to be maintained to enjoy the respective package privileges, failing which the Bank has the right to downgrade the relationship.
  • Fee for non-maintenance of balance will be charged if the monthly average relationship balance falls below required amount.
  • The minimum monthly average relationship balance is AED 50,000 and the fee for non-maintenance of balance can range from AED 200 to AED 500 per months. 
  • Inward remittances are free of charge and foreign currency remittances are ranged from AED 60 to AED 85. 
  • Bank tariffs/ charges may be changed anytime at the sole discretion of the bank, we therefore suggest contacting us or visiting the bank’s website for updated details on specific fees and charges.
  • Our professional service fee for the assistance of bank account opening does not include any bank charges and commissions, account maintenance fees, transaction fees, initial deposit or minimum balance.

Documents requirements

Corporate Bank Account
  • For the Company:

Company under Formation (Free Zone)

  • Memorandum & Articles of Association.
  • Letter from Free Zone Authority addressed to NBD to open the account of the Company.
  • Letter/Documents giving ownership details.
  • Passport copies and residence visa of the authorized signatory as well as all shareholders.
  • Bank Reference letter for the signing authority.
Free Zone Establishment (FZE)
  • Trade License copy.
  • Share Certificate copy.
  • Letter/Documents giving owner details.
Free Zone Company (FZCO)
  • Trade License copy.
  • Memorandum & Articles of Association.
  • Share certificate(s) if any.
  • Passport copies and residence visa of the authorized signatory as well as all shareholders.
  • Board Resolution if any.
  • Bank Reference letter for the signing authority.
For each corporate officer (Where the company directors or shareholders are legal entities), please provide:

A set of legalized company documents consisting of: 

  • Copy of constitutional documents (Certificate of Incorporation, Articles, etc.).
  • Copy of Corporate Register (which shall include Register of Shareholders, Directors and Secretary).
  • Copy of the Corporate Structure.
  • Certificate of Good Standing.
For each director, shareholder, secretary, authorised signatory and ultimate beneficial owner:
  • Notarized copy of valid passport. 
  • The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter, dated within 3 months
  • Power of Attorney (where applicable)
  • Personal CV
  • Copy of valid visit visa.
  • If you have entered UAE using e-gate card, ensure e-gate card is valid and the copy to be obtained for bank records.
Personal Bank Account
  • Notarized copy of valid passport. The passport must be signed and signature must match the signature in the application form. The photograph must be clear and of good quality.
  • Original or notarized copy of utility bill / bank statement dated within 3 months as verification of residential address.
  • Original or notarized copy of Banker's reference letter dated within 3 months.
  • Personal CV
  • Copy of valid visit visa.
Note:
  • Documents that are not in English must be accompanied by a certified translation.
  •  
  • If you have entered UAE using e-gate card, ensure e-gate card is valid and the copy to be obtained for bank records.
  • Shipping of banking kits to your destination requires an extra charge and will be automatically added to the invoice during checkout. Shipping costs for international courier services are set automatically and can vary from USD 75 to USD 95. The fees depend on the jurisdiction where the bank is based as well as your destination country.
Certification Requirements:

A certified document copy is a copy (often a photocopy) of a primary document that has on it an endorsement or certificates that it is a true copy of the primary document. All certifications should meet the below standards:

  • Document certifications for individuals should be dated within 90 days of submission
  • Document should be stamped or sealed by certifying agent
  • Must contain the name, contact details, and signature of certifying party
  • Contains language similar to: “This is a true copy of the Original”
  • Any signatures and stamps should be clear, legible and in dark ink so that all relevant detail is visible on the scanned document
Account opening timeframe
  • The account will be activated within 2 - 3 business days, upon receipt by the bank of all duly completed forms, personal documentation and your face-to-face meeting with bankers.
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