Wio Bank Account for Import & Export Businesses

Why Wio Bank

In our experience, having a UAE residence visa and Emirates ID for at least one signatory makes a Wio Bank application noticeably smoother. Crucially, wio Bank is known for fully digital opening, no branch visits, transparent fees and fast decisions for eligible licences, and for that reason we shortlist it for companies with that profile. In practice, wio Bank is a sensible home for import & export because importing goods into the UAE and exporting or re-exporting them to regional and global markets is a well-understood activity there and the approvals are routine.

How Wio Bank works with GoldenKey

1. 
   Step 1

   Profile review

   GoldenKey studies your licence, activity, ownership and expected turnover to judge whether Wio Bank is the right match before any form is filled. Nothing is submitted for a Wio Bank account for an import-export business until you have reviewed and approved it.

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.

3. 
   Step 3

   Introduction and meeting

   We arrange the meeting with a Wio Bank relationship manager and sit alongside you to answer compliance questions. Your portal shows the status of this step for a Wio Bank account for an import-export business in real time.

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.

Documents required

Here is what you will need for a Wio Bank account for an import-export business; GoldenKey checks every item before submission.

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

Pricing

Pricing for a Wio Bank account for an import-export business depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. All prices for a Wio Bank account for an import-export business are indicative, shown in AED and confirmed in writing before a single dirham changes hands.

Why the UAE

The UAE sits within an eight-hour flight of two-thirds of the world's population, and that is why so many founders choose it as a base for a Wio Bank account for an import-export business. There are no restrictions on repatriating profits or capital, so earnings from a Wio Bank account for an import-export business can be moved to your home country or reinvested freely.

Why GoldenKey

On the ground, most of our Wio Bank clients come to us through referrals from other founders, so we take pride in keeping every promise we put in writing. For most clients, after your Wio Bank 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 a Wio Bank account for an import-export business list every government fee and our service fee on one page, in writing, before a single dirham changes hands anything.

Frequently asked questions