UAE Business Setup: Mistakes to Avoid when forming Free Zone Company In Dubai. Avoid These Business Setup Mistakes: Why Your UAE Business Bank Account Is Being Rejected!
Are you struggling to open a business bank account in the UAE after setting up your company? In this video, we break down the critical mistakes entrepreneurs make that often lead to bank rejections.
One of the biggest issues is choosing multiple or unrelated business activities under a single trade license, which confuses bank compliance teams. This makes it difficult for them to identify your business purpose, leading to Know Your Customer (KYC) rejections.
Additionally, many businesses with Instant Licenses face challenges when opening business bank accounts because they don’t have an Ejari or tenancy contract, which is often required by banks for approval.
🔍 What you'll learn in this video:
Why choosing multiple or different activities in one license can delay or block your bank account approval
The impact of not having an Ejari or tenancy contract for Instant License holders
Solutions to overcome these issues and get your business bank account approved
How to structure your business setup to meet bank compliance requirements
Whether you're setting up a new company or already have a business in the UAE, these insights will help you avoid costly delays and ensure a smooth process for opening a business bank account.
💬 Got questions? Leave a comment below and let’s discuss how to resolve your business setup issues!
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