Mainland UAE company bank account?

[Yakooza]

Hi,

What is the best bank/strategy for obtaining personal and business bank accounts in the UAE? We recently registered a Mainland Company and received our UAE ID cards/residency, etc.

We opened a Mashreq personal bank account online via their mobile app but are unsure if it’s the best option or if it’s suitable for a business account.

Our company is a SaaS company.

Also is it easy to open bank accounts in UAE?

Thanks

 

[Yakooza]

Any suggestions?

 

[cryptotree]

Your easiest option is WIO, just search the forum there is a lot info on this subject

 

[Yakooza]

Your easiest option is WIO, just search the forum there is a lot info on this subject

From my understanding, that is for the Freezone businesses and not for mainland companies when I tried to sign up asked for Freezone which is not applied to us.
Any for the mainland businesses?

 

[uk29]

Wio isn't just for Free Zones, they will accept Mainland.

Also another option is Mashreq Neobiz.

 

[Yakooza]

Wio isn't just for Free Zones, they will accept Mainland.

Also another option is Mashreq Neobiz.

Any other alternative to work with?

 

[JackAlabama]

Any other alternative to work with?

basically anything which accepts you. It cannot be stated like this.
Its not easy at all but doable.

 

[Yakooza]

Just an update: I stick with WIO.
I could open Mashreq but the fees were high and the app wasn't very friendly.

 

[uk29]

Personally, I don't like having Personal and Business accounts with the same bank. If they close either the Business or Personal account, you run the risk of them doing the same with the other account.

I would open a Neobiz account and at least then you have a second option if anything untoward was to happen with the Wio Business account.

 

[Clank]

ENBD for personal bank and Wio for business bank.

 

[fbsworld]

Wio or MashreqNeoBiz.

 

[Lord Palmerstone]

It depends wher you are from - i.e. what colour passport you have (apologies if I missed that above).
I organsised a bank A/C for an EU national in an hour with FAB with whom I personally have been with since 1995, when they were called NBAD.
We also utilized the Business partners help in the FZ area, and they also opened in a morning a WiO A/C for the company of that same EU guy.

Moreover, I work from a FZ office complex and there is Russian lady in an office here opening bank accounts for people (and I believe not only her compatriots)
Called NOBILIS 'something or other' in JLT DMCC

 

[EliasIT]

If there are information you can't find with the search function on the forum then I always enter the following into Google and it pulls out tons of hits. Everything is almost already covered here on OCT, try my trick

ENTER INTO THE GOOGLE SEARCH FIELD
site:offshorecorptalk.com SEARCH WORD