Mashreqbank

Original price was: $ 3,499.00.Current price is: $ 2,500.00.

Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |Over 1,000 businesses partner with us for our company services. |  Ready to register ? | Speak with our Experts |

Incorporation Details

Fee schedule
Bank Bank Assistance Fee Minimum Initial Deposit
Mashreqbank US$ 1,900 AED 3,000
Overview
  • Established in 1967, Mashreqbank is one of the oldest and most prominent financial institutions in the United Arab Emirates. Headquartered in Dubai, the bank offers a wide array of banking services, including personal, business, corporate, and Islamic banking solutions. Mashreq has a significant international presence, operating in 14 countries across the Middle East, Asia, Europe, and North America

Services Offered

Personal Banking

  • Accounts: Current, Savings, Fixed Deposits
  • Cards: Debit and Credit Cards
  • Loans: Personal, Auto, Home
  • Investments: Wealth Management, Mutual Funds
  • Insurance: Life, Health, Travel
  • Digital Banking: Mashreq Mobile App, Online Banking, WhatsApp Banking

Business Banking

  • Accounts: Business Current Accounts, NEO BIZ Accounts
  • Services: Trade Finance, Merchant Solutions, Payroll Services
  • Loans: Business Loans, Working Capital Finance
  • Digital Platforms: Mashreq NEO BIZ, MashreqMATRIX

Corporate & Investment Banking

  • Services: Corporate Finance, Investment Advisory, Treasury & Capital Markets
  • Solutions: Cash Management, Trade Services, Structured Finance

Islamic Banking

  • Accounts: Shariah-compliant Current and Savings Accounts
  • Financing: Home, Auto, Personal Finance
  • Investments: Islamic Investment Products
Required Documentation for Bank Account Opening

Business Accounts:

Valid Trade License

Certificate of Incorporation

Memorandum & Articles of Association

Board Resolution authorizing account opening

Valid Passports and Emirates IDs of Shareholders and Authorized Signatories

Proof of Address

Personal Accounts

UAE Residents:

  • Valid Emirates ID
  • Valid Passport with UAE Residence Visa
  • Proof of Address (e.g., utility bill)
  • Salary Certificate or Employment Letter

 Non-Residents

  • Valid Passport
  • Two months’ bank statements from the country of residence
  • Completed Account Opening Form
Account Opening Summary
Official Website www.mashreq.com
Remote Application  In-person at any Mashreq branch
Bank Location UAE
Application Timeline Personal Accounts: Typically opened within 1-2 business days upon submission of all required documents.

Business Accounts: Typically takes 7 to 10 business days, depending on the completeness of documentation and due diligence requirements.

Bank Account Types Personal, Corporate
Minimum Initial Deposit Personal Accounts

  • Current Account:
    • Minimum balance requirement: AED 3,000.
    • Failure to maintain the minimum balance may result in monthly fees.
  • Savings Account:
    • Minimum balance requirement: AED 3,000.
    • Failure to maintain the minimum balance may result in monthly fees

Business Accounts

  • NEO BIZ Lite:
    • No minimum balance requirement.
    • Monthly fee: AED
  • NEO BIZ Prime:
    • Minimum average monthly balance: AED 50,000.
    • No monthly maintenance fee if the minimum balance is maintained; otherwise, a fall below fee of AED 200 applies
Bank Assistance Fee USD $1900
Supported Currencies USD,AED CAD, EUR, GBP, NZD, SAR, JPY, AUD

 

Contact us for complete assistance in opening an offshore Bank Account in Mashreqbank (UAE).

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Follow the right path with the right procedure

STEP 01

Select package and submit KYC documents

STEP 02

Sign application forms and do due diligence requirements

STEP 03

Submit the application and receive corporate documents

STEP 04

Annual registration renewal to keep business in good standing