Opening corporate bank accounts for companies with complex shareholding structures
The client approached StableGrowz with a request to set up a company from scratch in the field of The client, who owns several companies, had previously approached StableGrowz mainly for visa issues. Subsequently, he encountered serious difficulties in servicing his current banks and approached us with a request to open corporate bank accounts for two companies.
Client's task
Existing problems included:
An additional complication was the multi-level corporate structure of both companies: several corporate shareholders, who in turn also had corporate founders. In such cases, the average time to open an account on the market is about two months or more.
- regular difficulties in operational servicing;
- lack of adequate support from banks;
- discomfort in conducting daily business operations.
An additional complication was the multi-level corporate structure of both companies: several corporate shareholders, who in turn also had corporate founders. In such cases, the average time to open an account on the market is about two months or more.
Solution from StableGrowz
The StableGrowz team conducted a detailed analysis of the corporate structure of both companies and prepared a banking strategy that took compliance requirements into account.
As part of the project, we:
As part of the project, we:
Project implementation
The StableGrowz team took full responsibility for the process and implemented the project (opening a company in Dubai) without the client's involvement:
We have structured the chain of ownership and beneficiaries in detail.
01
We have prepared a complete set of corporate and supporting documents.
02
We conducted preliminary coordination of the structure with the bank.
03
Ensured transparent and clear presentation of information for the bank's compliance department.
04
We accompanied the process at all stages until final approval.
05
Thanks to close cooperation with the bank and proper preparation of the case, corporate accounts for both companies were opened in just three weeks, which is significantly faster than the average market timeframe.
The result of StableGrowz's work
The client received full-fledged corporate bank accounts for both companies, despite the complex multi-level ownership structure.
Currently, the companies:
freely conduct business operations;
do not face requests, blocks, or claims from the bank;
receive full support from a dedicated Relationship Manager.
The client highly appreciated the quality of banking support and continued to work with StableGrowz on further corporate and financial matters.
Check out other projects of our team in the “Cases” section. Follow the latest news about life and business in the UAE on our blog.
Currently, the companies:
freely conduct business operations;
do not face requests, blocks, or claims from the bank;
receive full support from a dedicated Relationship Manager.
The client highly appreciated the quality of banking support and continued to work with StableGrowz on further corporate and financial matters.
Check out other projects of our team in the “Cases” section. Follow the latest news about life and business in the UAE on our blog.
Need to open a corporate account in the UAE?
We ensure the legal and fast opening of a company account in the UAE, accompanying all stages of verification and coordination with banks.
Book a professional consultation on opening a corporate account in Dubai and receive a personalized strategy to open an account for your company in Dubai without delays or refusals.
Book a professional consultation on opening a corporate account in Dubai and receive a personalized strategy to open an account for your company in Dubai without delays or refusals.
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UAE, Dubai, IFZA Business Park, A2 building, office 105
