For those of you that would have tried opening a bank account for your business in the UAE, you would know that this is an extremely complex process. We have a solution for you in case you do not intent issuing cheques and plan on banking completely online.
We can set up a Virtual Bank Account with IBAN in the name of your company for receiving payment from your customers. A “Virtual Account” is a sub-account of Invoice Bazaar and we would make further payments to you as per your chosen bank account. This can be set up with a quick turnaround after you have completed our KYC Requirements.
Provide details of your business entity, beneficial ownership details and your expected account transactions
Upon completion of documentation, Invoice Bazaar would provide you your Virtual Bank Account Details
Start getting paid into your Virtual Bank Account and you can also instruct for making outward payments