Case: Opening a corporate account with a bank in the UAE
What was the client's request?
The client has a company registered in the United Arab Emirates.
The main request was to open a corporate account with a traditional bank with the following options:
- paying salaries through WPS (Wage Protection System);
- making standard operational payments.
Why couldn't the client do this on their own?
Most banks in the UAE require:
- a minimum balance on the account;
- investments in local instruments.
The process of opening an account takes several months due to bank overload and strict compliance.
What solution did we offer and why?
We selected a reliable traditional bank that:
- does not require a minimum balance;
- only requires a one-time onboarding fee;
- is an authorised WPS participant.
The solution made it possible to automate and centralise payments to employees.
Were there any difficulties?
Emirati banks strictly check foreign clients. Thanks to our partner status and assigned manager, all checks were completed without delay.
Case duration
3 weeks from application to account activation.
What specialists were involved?
- Banking consultant for the UAE;
- Compliance expert;
- International accounting specialist.
Result
The client received:
- A full-fledged corporate account at a traditional UAE bank;
- Access to the WPS system for payroll payments;
- Fast and secure connection of all banking functions without the need to freeze funds.
