This article contains information regarding a number of banking options for your company, with digital and local UAE bank options.
Arrival Bank (https://arival.com) is a digital bank offering services to startups. You will need:
A fully licensed digital bank backed by the Abu Dhabi Government. Wio can be downloaded to your phone via this link (https://wio.io/business/#download-app).
Zand recently signed an MOU with ADGM to support UAE Technology SMEs and provide preferential banking services. Some considerations:
Abu Dhabi Commercial Bank
Ramy Abdel Maboud, [email protected]
Dalal Abdulfattah, [email protected]
Chokkalinga Raja, [email protected]
The current ADGM Banking Partners List can be downloaded here.
At Clara, we take no responsibility for the requirements requested by any bank. Compliance requirements will vary from bank to bank and from customer to customer and may require you to incur additional costs in order to obtain certified documents.
Bank account applications for ADGM entities usually require a current dated certificate of incumbency stating the shareholding and director details. We can assist you with obtaining the certificate.
You will need to confirm the particular requirements for documents with the bank of your choice as all banks have their own application requirements.