HSBC UAE Account for General Trading Businesses

Why HSBC UAE

For most clients, having a UAE UAE residence visa and Emirates ID for at least one signatory makes a HSBC UAE submission noticeably smoother. Importantly, account opening at HSBC UAE 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. As we tell every client, hSBC UAE is a sensible home for general trading because import, export, re-export and wholesale of a broad range of goods under one licence is a well-understood activity there and the approvals are routine.

How HSBC UAE works with GoldenKey

1. 
   Step 1

   Profile review

   Just as important, we review your licence, activity, shareholder nationalities and expected turnover and confirm that HSBC UAE 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. This is also the point at which we answer any question specific to a HSBC UAE account for a general trading company.

3. 
   Step 3

   Introduction and meeting

   GoldenKey introduces you to a business banking officer at HSBC UAE and joins the application meeting, in person or online.

4. 
   Step 4

   Compliance and activation

   For most clients, hSBC UAE's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval. For a HSBC UAE account for a general trading company, GoldenKey completes this stage with you on WhatsApp or by email.

Documents required

As a rule, gather these documents and GoldenKey will take care of the rest of a HSBC UAE account for a general trading company.

• A business profile describing products, customers, suppliers and countries of operation
• A CV for each shareholder and the company's website or social links
• Sample invoices, contracts or purchase orders where available
• Personal or corporate bank statements for the last three to six months
• Office tenancy contract or flexi-desk agreement
• Proof of residential address for each signatory

Pricing

The figures below for a HSBC UAE account for a general trading company are updated by GoldenKey whenever the licensing authority changes its fees, so the price you see is the current one. As we tell every client, use the table below to compare packages for a HSBC UAE account for a general trading company; we will confirm the exact total for your case in a written quotation.

Why the UAE

Put simply, the UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many entrepreneurs choose it as a base for a HSBC UAE account for a general trading company. In practice, residence visas for owners and families come with the company, which makes a HSBC UAE account for a general trading company a route to relocation as well as a business decision.

Why GoldenKey

Crucially, you deal with one named consultant from the first call until your HSBC UAE licence, visa and bank introduction are complete, and that consultant answers your WhatsApp messages personally. GoldenKey's consultants have handled a HSBC UAE account for a general trading company for traders, consultants, tech business owners and family offices, which gives us a realistic view of what each authority approves promptly. Importantly, our quotations for a HSBC UAE account for a general trading company list every government fee and our service fee on one page, in writing, before you pay anything.

Frequently asked questions