Standard Chartered UAE Account for a Free Zone Company

Why Standard Chartered UAE

Day to day, standard Chartered focuses on corporate and larger SME clients rather than micro businesses. In short, if Standard Chartered UAE 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. Account opening at Standard Chartered 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.

How Standard Chartered UAE works with GoldenKey

1. 
   Step 1

   Profile review

   GoldenKey studies your licence, activity, ownership and expected turnover to judge whether Standard Chartered UAE is the right match before any form is filled.

2. 
   Step 2

   Document pack

   From day one, we compile the licence, memorandum, passport and visa copies, address proof, business profile and sample contracts in the layout Standard Chartered UAE expects. If the authority raises a query on a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC at this stage, we handle it the same day.

3. 
   Step 3

   Introduction and meeting

   For most clients, we arrange the meeting with a Standard Chartered UAE relationship manager and sit alongside you to answer compliance questions.

4. 
   Step 4

   Compliance and activation

   Crucially, after compliance review by Standard Chartered UAE, any queries are answered with our help and the account is opened. Expect clear updates from your GoldenKey consultant while this step runs for a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC.

Documents required

Here is what you will need for a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC; GoldenKey checks every item before submission.

• Sample invoices, contracts or purchase orders where available
• Office tenancy contract or flexi-desk agreement
• Proof of residential address for each signatory
• Personal or corporate bank statements for the last three to six months
• Trade licence, certificate of incorporation and memorandum of association
• Passport, visa and Emirates ID copies of all shareholders and signatories

Pricing

All prices for a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC are indicative, shown in AED and confirmed in writing before you pay. Use the table below to compare packages for a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC; we will confirm the exact total for your case in a written quotation.

How Standard Chartered UAE views a free zone company

Standard Chartered UAE opens accounts for free zone companies regularly. The bank will want to see the licence, the lease or flexi-desk agreement, the shareholders' visas and a credible description of customers and suppliers. Free zone companies with a resident signatory and a focused activity list are reviewed fastest.

Why the UAE

There are no restrictions on repatriating profits or capital, so earnings from a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC can be moved to your home country or reinvested freely. The UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many founders choose it as a base for a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC.

Why GoldenKey

GoldenKey's consultants have handled a Standard Chartered UAE account for a company licensed in a UAE free zone such as Ajman, IFZA or DMCC for traders, consultants, tech founders and family offices, which gives us a realistic view of what each authority approves without delay. Because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which paperwork each of them will ask for on a Standard Chartered UAE file. Crucially, if a document is missing or an approval is delayed on your Standard Chartered UAE file, we tell you immediately and explain the fix, rather than letting the application sit.

Frequently asked questions