Mashreq Account for Construction & Contracting Businesses

Why Mashreq

For most clients, mashreq is known for digital-first onboarding, start-up friendly packages, fast account decisions and integrated payment solutions, which is why we shortlist it for companies with that profile. In short, if Mashreq is not the right fit for your profile, we say so and introduce you to a bank that is, because a well-matched request is approved faster. GoldenKey has licensed construction & contracting in Mashreq for clients ranging from solo founders to groups opening a regional branch, so we know which sub-activities to list.

How Mashreq works with GoldenKey

1. 
   Step 1

   Profile review

   Importantly, we review your licence, activity, shareholder nationalities and expected turnover and confirm that Mashreq is a sensible match. If the authority raises a query on a Mashreq account for a contracting company at this stage, we handle it the same day.

2. 
   Step 2

   Document pack

   GoldenKey builds the complete document pack for Mashreq: corporate papers, signatory IDs, proof of address, profile and supporting invoices.

3. 
   Step 3

   Introduction and meeting

   We introduce you to a Mashreq business banking officer and sit with you for the request meeting, in person or by video. This is also the point at which we answer any question specific to a Mashreq account for a contracting company.

4. 
   Step 4

   Compliance and activation

   For most clients, mashreq's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval.

Documents required

Here is what you will need for a Mashreq account for a contracting company; GoldenKey checks every item before submission.

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

Pricing

Pricing for a Mashreq account for a contracting company depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. All prices for a Mashreq account for a contracting company are indicative, shown in AED and confirmed in writing before you pay.

Why the UAE

For most clients, since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so a Mashreq account for a contracting company no longer requires a local partner. The dirham has been pegged to the US dollar since 1997, which removes currency risk for a Mashreq account for a contracting company and makes international pricing simple.

Why GoldenKey

Crucially, most of our Mashreq customers come to us through referrals from other founders, which is why we take pride in keeping every promise we put in writing. GoldenKey is based in Ajman Free Zone and has helped company owners from more than 60 countries with a Mashreq account for a contracting company, so the paperwork, approvals and timing hold no surprises for us. GoldenKey's consultants have handled a Mashreq account for a contracting company for traders, consultants, tech business owners and family offices, which gives us a realistic view of what each authority approves fast.

Frequently asked questions