Offshore company in Ras Al Khaimah may open bank account both abroad and in the UAE. This is one of the advantages of this type of company. In other countries, where registration of offshore companies is possible, as a rule, such companies may only open accounts abroad.
In case of offshore incorporated in Ras Al Khaimah the identity of the country of incorporation and place of opening of the account has a positive effect on company's image and removes one of the first elements of an offshore company.
In terms of banking system there is a large number of different banks in the UAE. The selection of the bank depends on the bank of the company, and turnover of the account and minimum balance.
Account type that can be opened by the company incorporated in Ras Al Khaimah - corporate account with minimum restrictions – is not entitled to a cheque book - it is issued only for onshore companies.
All other options offered by banks in the UAE, is fully available - accounts in various currencies, Internet access, credit cards and etc.
In case incorporation of an offshore in Ras Al Khaimah requires opening an account abroad, company’s documents shall be properly and duly legalized. Since Emirates have not signed Apostille convention, legalization process of documents of the company in the UAE is different from those countries that have signed the convention. Legalization is performed by the registrar, Ministry of Foreign Affairs of the UAE, then the consulate of the country where the document is required.
Upon the request, we can provide full range of services relating to bank accounts – opening thereof in the UAE and abroad with relevant legalization of documents.
