1. introduction #
This article is intended for customers who have opted for our all-inclusive package or for those who subsequently need help opening a business account. At StartBusiness, we make opening an account as easy and stress-free as possible for you. In this article, we'll go over the WIO Bank we work with to open your business account for you.
2. WIO Bank - Online Business Bank in UAE #
WIO Bank is an online business bank in the United Arab Emirates that we can highly recommend to our customers. Depending on the subscription model you choose, there is a monthly cost of AED 99 or AED 249. But don't be put off by these costs - in return, you'll save yourself a lot of hidden fees and benefit from a number of effective features.
3. account opening requirements & opening process #
To open a business account with WIO Bank, you need to have a company in the UAE and a valid visa and Emirates ID. These requirements must be met by each shareholder of the company who holds more than 25% of the shares.
The exact information and documents you need to provide can be found in the KYC WIKI. Please follow the link provided to get all the required information.
4. advantages of WIO Bank #
WIO Bank offers many benefits that make it a great choice for your business account:
- Easy account opening via the app
- 100% paper free
- 24/7 support
- A very clear and effective user interface
- Possibility to create team member accesses
- Many automation options
- Virtual and physical Visa cards + Apple Pay
- Savings sub-accounts with up to 3% interest
- Dollar account available ($3,673 exchange rate)
- Very good exchange rates for other currencies
- No hidden costs
5. alternative options #
If you are interested in a business account with a traditional house bank like EmiratesNBD, please note that this is not included in the all-inclusive package. However, you can book account opening services with EmiratesNBD in addition to our all-inclusive package. Please contact our team for more information and to take the appropriate steps.
If you need an offshore business account because you don't have a visa, then we recommend you to read our article "Business account without StartBusiness".
6. conclusion #
With StartBusiness by your side, many hurdles are cleared on the way to opening a business account in the UAE. Our experience and expertise allow us to make the process smooth and efficient. However, if it happens that the account opening with WIO Bank is rejected, we are ready to find alternative solutions.
It is worth noting that so far 92% of our clients have been successful in obtaining a business account with WIO.
We're here to support you every step of the way and make sure you have the best possible start to your self-employment.
