Freezone Company Bank Account - Features & Requirements


The freezone companies are more flexible compared to offshore company to open the account in any of the banks. A free zone company is completely familiar worldwide and accepted form of company. Setup a free zone company also is easy but to open the bank account for free zone company is tough as offshore companies.

 

Features Of Free Zone Company Bank Account

Free zone company can accept money from anywhere and spend locally Free zone company bank account can accept money locally Free zone companies are issued debit/credit cards Free zone companies offered trade finance Free zone companies are exempted from VAT for incoming fund and outgoing funds

Also Read: Formalities To Open a Bank Account In Dubai

 

Documents Required To Setup Bank Account in Freezone

6 months bank statements Resume of the account holder Corporate documents Proof of physical existence Signatures of the forms, passports, and other relevant documents

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