Banking

Bank account opening has always been the biggest pain point of clients in the UAE. Those times are over. We provide end-to-end assistance in business and private bank account applications. We make sure you are fully prepared with no surprises, help you through the process from documents preparation, till compliance approval. We work with WIO and Emirates NBD and get bank accounts in record time.

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Banking

We have
an effective process

Experience a streamlined UAE business journey with us. Our process simplifies company setup and immigration, making it hassle-free for you.

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01

Consultation

(30min)

You’ll be consulting with our Founder, Dan (face to face meeting is possible in Dubai, otherwiseGoogle Meet / Zoom call). You tell us more about the idea/project you have in mind. During the call Dan will propose relevant solutions for you and discuss the process, step-by step.

02

Proposal

(24 hours)

We’ll work on a super detailed summary of fees and process description and send you a proposal within 24 hours. If you have further questions, a 15-min follow up call can be arranged with the UAE-Solutions team.

03

KYC / Order form & Invoice issued

Once you approve the proposal, we share our KYC/Order form with you online (takes 5 min to fill it out) then you’ll get an invoice from us (USD, AED or EUR) which you can pay by bank transfer or credit card/Apple Pay. We take 100% upfront payment as all other providers.

04

Company is ready

(5 working days - Can be done remotely)

Once you settled the invoice, we’ll submit your business setup application. We’ll need your electronic signature on a couple of documents, like Memorandum of Association, agreement to get your visa, etc. These documents will be emailed to you directly, by the authority. Within 5 working days, we’ll get your license issued, along with all the company documents. This whole step can be done 100% remotely.

05

Immigration Approvals

(10 days – Can be done remotely)

The next step is getting the immigration card for your company (5 working days) which enables us to apply for your resident e-visa (5 working days which can be accelerated to 1 day -subject to urgent fees). We send you your e-visa, you just need to print it and fly to Dubai for medical check.

06

Medical & Biometric in Dubai

(3-4 hours)

During this step, we’ll need you in person in Dubai. Our team picks you up at your hotel, takes you to an ultra-modern medical facility where you’ll have a blood test and chest X-Ray. We’ll get your medical results ready in 2 hours, then we take you for a Biometric process (eye-scan) which is required for the Emirates ID. We pre-arrange all these steps and assist you in person so you don’t lose time.

07

Resident Visa & Emirates ID is ready

(Can be as quick as 24 hours)

Resident Visa issuance takes 4-5 working days (this can be accelerated to 24 hours, subject to urgent visa issuance fees). Once your visa is issued, you can leave the UAE. Your Emirates ID will be ready 1 week after your visa. We pick it up on your behalf and courier it to you. We have an urgent option to get your physical Emirates ID issued at the same time with your visa. We offer the fastest way to get your documents issued.

08

WIO Digital & Personal Bank account ready

(4-5 days)

We help you getting your personal and business bank accounts approved with WIO, the UAE’s Number 1 digital bank (Emirates ID is required). In less than a week, you’ll receive your IBANs (AED/EUR/USD) and have access to online banking. This process can be done remotely. In case you want to open bank accounts with a traditional bank, we can help you at Emirates NBD and support you through the whole account opening process. You must sign the application forms in person in Dubai.

Let's talk about it

If you have any questions about the process, we are offering you complimentary consultation with our Founder.

Dan Barnabas Laczo

Founder
Book a consultation

Our preferred choice for business and personal banking is Wio, it is regulated by the Central Bank of UAE and owned byFAB (First Abu Dhabi Bank).

In our experience it is the best, digital alternative to traditional banks, with Apple Pay andno minimum balance requirement (just 99 AED per month as subscription fee).

Wio has EUR, AED and USD accounts,you can open these accounts from their app right away.

Wio’s FX conversion rates are MUCH better compared totraditional banks in UAE. Super smooth, fully digital onboarding (no need to visit any branch or sign any documents inperson), application can be done fully remotely.

Things you need: your original Passport, original Emirates ID, yourDubai company’s documents saved on your phone + a board resolution tailored for Wio approval (we can help preparethis for you) and UAE mobile number (you can get one in any Virgin Megastore in Dubai).

Wio doesn’t conduct heavydue diligence: No bank statements, no address proof/utility bills are required. We recommend to have a businessemail and a basic, simple landing page (website) for your Dubai entity, that is an advantage for account approval.

We have great experience in getting these accounts approved and we are here to support you.

Wio usually takes just 3-5days from application till approval, you’ll get your IBANs generated after that and you can start using your account.You will get a debit card as well, in the Wio welcome kit which they deliver only within UAE and you must pick it up inperson. Welcome kits are couriered 1-2 days after account approval.

If you are not in UAE, you can ask them to keepyour welcome pack for a later delivery (just email care@wio.io) Local and International transfer limits (outgoing): 350,000 AED (per transfer) and 3,000,000 AED (per day).

Cash withdrawal limit AED 5,000 (per withdrawal) and AED75,000 (per day). Point of Sale Daily Transaction Limit with the debit card is AED 125,000.