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What is the first step in opening a Business Account?

The first step is to Get your business license first.

This is an extremely important measure. The bank will not recognize you as a corporation without your business license, and you will be unable to open a corporate bank account. The application process for a license consists of four basic steps:

Select a business activity:

Choose a business activity and a business style that you want to start.

Decide on a name for your business:

Make sure your name follows UAE naming conventions and is eligible for registration.

Complete all necessary paperwork for incorporation:

Complete your application for a business license.

Obtain notice of your license:

After your business license has been issued, you will begin the process of opening a corporate bank account.

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