Service:
Banking & Capital Structure
Client:
Newly Incorporated UAE Company
Duration:
3–6 months
Date:
Feb 22, 2025
Banking Friction for a New UAE Entity With Limited Track Record
The client, having recently incorporated their UAE company, faced immediate difficulties satisfying bank requirements:
No operational history
Cross-border shareholder structure
Unclear documentation alignment
Uncertainty around capital verification
Delayed account activation due to compliance questions
They required a structured approach to ensure a compliant and successful onboarding with a reputable UAE bank.
1. Banking Strategy & Eligibility Review
Assessed which UAE banks best suited the client’s business model, ownership profile, and compliance needs.
Reviewed eligibility constraints and regulatory expectations for new entities.
2. Document Preparation & Compliance Alignment
Compiled and validated all corporate documents, including shareholding structures, resolutions, and capital documentation.
Ensured the file met UAE banking compliance standards and AML/KYC requirements.
3. Direct Bank Coordination
Presented the case to the bank with a clear explanation of business activity, ownership, and projected transactions.
Responded to banking queries and ensured complete clarity across all requested information.
4. Capital Documentation & Account Activation
Supported submission of capital evidence, business plans, and supporting documents.
Ensured all filings were accurate, compliant, and aligned with the entity’s operational model.
A Fully Operational Banking Setup for a New UAE Company
Successful opening of a UAE corporate bank account.
Full capital documentation aligned with regulatory and banking requirements.
Clear compliance narrative accepted by bank relationship managers.
Reduced onboarding time thanks to structured preparation and professional documentation.
A compliant financial foundation for future operations and growth.
“As a newly formed company in the UAE, the banking process seemed overwhelming. Adelberg & Partner handled everything — from preparing the documents to coordinating with the bank — and ensured our account was opened without unnecessary back-and-forth. Their professionalism gave us clarity and confidence throughout.”
Daniel Krauss
Founder
