Emirates Islamic Business Account Opening

Key points

Emirates Islamic is known for Sharia-compliant products, Emirates NBD group infrastructure, business banking packages and branch network, which is why we shortlist it for companies with that profile. As a rule, account opening at Emirates Islamic is a compliance process, not a sales process: the bank wants to understand who you are, what you sell, who pays you and where the money comes from. Emirates Islamic accounts integrate with the Emirates NBD business platform. GoldenKey prepares a one-page business profile, a projected cash-flow summary and a document pack in the format Emirates Islamic relationship managers expect.

Step by step

1. 
   Step 1

   Profile review

   We review your licence, activity, shareholder nationalities and expected turnover and confirm that Emirates Islamic is a sensible match.

2. 
   Step 2

   Document pack

   GoldenKey assembles the trade licence, memorandum, passport and visa copies, proof of address, business profile and supporting invoices or contracts. Your portal shows the status of this step for Emirates Islamic Business Account Opening in real time.

3. 
   Step 3

   Introduction and meeting

   We introduce you to an Emirates Islamic business banking officer and sit with you for the application meeting, in person or by video.

4. 
   Step 4

   Compliance and activation

   The bank's compliance team reviews the file, may ask follow-up questions that we help you answer, and activates the account on approval. Your portal shows the status of this step for Emirates Islamic Business Account Opening in real time.

Documents required

For most clients, the document list for Emirates Islamic Business Account Opening is short, and most clients already have everything on it.

• Proof of residential address for each signatory
• A business profile describing products, customers, suppliers and countries of operation
• Passport, visa and Emirates ID copies of all shareholders and signatories
• A CV for each shareholder and the company's website or social links
• Office tenancy contract or flexi-desk agreement
• Trade licence, certificate of incorporation and memorandum of association

Pricing

Pricing for Emirates Islamic Business Account Opening depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. Use the table below to compare packages for Emirates Islamic Business Account Opening; we will confirm the exact total for your case in a written quotation.

Emirates Islamic accounts by company type

Free Zone Companya company licensed in a UAE free zone such as Ajman, IFZA …Mainland LLCa mainland limited liability company licensed by an econom…Offshore Companya non-resident Ajman or IFZA offshore company…Branch Officea UAE branch of a foreign parent company…Sole Establishmenta mainland business owned by one individual…Freelanceran individual holding a freelance permit…

Emirates Islamic guides by nationality

IndianPakistaniBritishRussianChineseNigerianSaudiEgyptianKenyanGermanSingaporeanOmaniFrenchItalianSpanishPortugueseDutchBelgianSwissAustrianSwedishNorwegianDanishFinnishIcelandicIrishPolishCzechSlovakHungarianRomanianBulgarianGreekCroatianSerbianSlovenianUkrainianEstonianLatvianLithuanianAmericanCanadianAustralianNew ZealanderJapaneseSouth KoreanTurkishMalaysianIndonesianThaiVietnameseFilipinoBangladeshiSouth AfricanEmiratiQatari

Why the UAE

There are no restrictions on repatriating profits or capital, so earnings from Emirates Islamic Business Account Opening can be moved to your home country or reinvested freely. Day to day, the UAE sits within an eight-hour flight of two-thirds of the world's population, so so many founders choose it as a base for Emirates Islamic Business Account Opening.

Why GoldenKey

Put simply, we speak the languages our clients speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for Emirates Islamic Business Account Opening. After your Emirates Islamic licence is issued, the same team handles renewals, visa additions, amendments and tax registrations, so you never have to explain your business twice. Our quotations for Emirates Islamic Business Account Opening list every government fee and our service fee on one page, in writing, before a single dirham changes hands anything.

Frequently asked questions