Mashreq Account for Retail Shop Businesses

Why Mashreq

Just as important, having a UAE residence visa and Emirates ID for at least one signatory makes a Mashreq application noticeably smoother. For most clients, 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 application is approved faster. GoldenKey has licensed retail shop in Mashreq for customers 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

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

2. 
   Step 2

   Document pack

   We compile the licence, memorandum, passport and visa copies, address proof, business profile and sample contracts in the layout Mashreq expects. Nothing is submitted for a Mashreq account for a retail business until you have reviewed and approved it.

3. 
   Step 3

   Introduction and meeting

   We introduce you to a Mashreq business banking officer and sit with you for the submission meeting, in person or by video.

4. 
   Step 4

   Compliance and activation

   Mashreq's compliance team reviews the file, raises any follow-up questions (which we help answer) and activates the account on approval. We keep a written record of this step so your file for a Mashreq account for a retail business is audit-ready.

Documents required

Put simply, for a Mashreq account for a retail business the authority asks for the following paperwork, and we tell you exactly how each must be formatted.

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

Pricing

Pricing for a Mashreq account for a retail business depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. The figures below for a Mashreq account for a retail business are updated by GoldenKey whenever the authority changes its fees, so the price you see is the current one.

Why the UAE

In practice, english is the working language of business, contracts are routinely drafted in English, and government portals are bilingual, which simplifies a Mashreq account for a retail business for international founders. In our experience, the dirham has been pegged to the US dollar since 1997, which removes currency risk for a Mashreq account for a retail business and makes international pricing simple.

Why GoldenKey

GoldenKey builds its own CRM and client portal, so you can see the status of your Mashreq request, download your supporting documents and pay invoices from your phone. From day one, most of our Mashreq clients come to us through referrals from other entrepreneurs, so we take pride in keeping every promise we put in writing. As we tell every client, we speak the languages our customers speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for a Mashreq account for a retail business.

Frequently asked questions