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Localised corporate banking made simple
One of the main benefits of working with a bank that specialises in a particular industry is that you gain access to a team of experts who possess in-depth knowledge and experience in that field.
These professionals understand the industry’s dynamics, trends and regulatory frameworks, allowing them to provide valuable insights and guidance. They can also identify financial opportunities, navigate potential risks and devise strategies to drive growth and maximise profitability.
At Start, our goal is to help match you with a compatible financial organisation that can support your needs today and in the future. Based on your requirements and growth projections, we’ll narrow down your options to find the corporate services you need that can support your growth as a business.
We work with the most trustedsecured banks in the UAE
PROCESS
What kind of corporate banking services can you access in the UAE?
Let's check the banking options!
Our Services
- Our Strategy
STEP
01
Account Review
Getting you the best advise
The process typically begins with an initial inquiry to find out what kind of corporate services you need in the UAE. We will engage in detailed discussions with the client to understand their specific requirements and objectives.
STEP
02
Client Due Diligence (CDD)
Verification
As part of the onboarding process, we will need to conduct client due diligence to verify your identity, assess the nature of your business and evaluate potential risks. The CDD process involves collecting relevant documents and information, such as identification documents, proof of address, business licences, and beneficial ownership details
STEP
03
Proposal and Account Opening Documents
Doing the admin for you
We will prepare a proposal or account opening documents outlining the recommended corporate banking services, associated fees, and any terms and conditions. We will need your review and acceptance to move forward
STEP
04
Account Opening Application
Being your support
This stage may include providing detailed information about the company, its activities, shareholders, directors, and other relevant details. We will also gather the required documentation to support the account opening application.
STEP
05
Compliance and Risk Assessment
Being your support
This stage ensures full compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. We are legally obliged to provide the bank with the necessary information and documents to fulfil their regulatory requirements. This can be beneficial ownership information, a source of funds, and details of anticipated transactions.
The bank will perform its own due diligence on the application. This may involve reviewing the provided documents, conducting background checks, and assessing the client’s risk profile.
STEP
06
Account Approval and Setup
Being your support
Once the bank completes its due diligence process and approves the account opening, you will be notified, and the account will be set up. You will be sent account details and access to online banking platforms, if applicable.
If needed, we can assist you in funding the newly opened corporate bank account by transferring funds from their existing accounts or through other appropriate means.
STEP
07
Post-Account Opening Services
Being your support
We can also provide ongoing support for any additional corporate banking requirements. That includes issuing letters of credit, availing trade finance facilities, managing transactions, and addressing any account-related queries or issues.
- Frequently asked questions
- Current and Savings Accounts
- Fixed Deposits
- Loans and Mortgages
- Credit Cards
- Debit Cards
- Online and Mobile Banking
- Wealth Management and Investment Services
- Foreign Exchange and Remittances
- Islamic Banking
- Trade Finance
Yes, there are fees and charges associated with various banking services in the UAE. The specific fees and charges can vary from bank to bank and depend on the type of service or product you are utilizing.
The banking system in the UAE is generally considered secure and reliable. The UAE has a well-regulated financial sector with robust regulatory frameworks and supervision in place to ensure the stability and integrity of the banking system.
To open a business bank account, you can do it yourself or you can do it through companies like us. All you have to do is to provide the documents that the bank is asking for.
If it’s a personal account: valid passport, valid Emirates ID, Residence Visa, Proof of Address (utility bills: electricity, water, or gas; rental agreements, or official letters/bank correspondence addressed to you), Salary Certificate or Proof of Income, Passport-size Photographs.
If it’s a business account: besides all the above you will have to provide all the business setup documents and other additional paperwork.