- Joined
- Sep 2019
- Messages
- 2,159
Mashreq NeoBiz takes on average 4 weeks to verify the Business Bank Account and a personal meeting with a Mashreq Banker is necessary after the compliance approved your account to activate the online banking.
Personal Flat rent agreement or office rent agreement needs to be provided - a good service provider should manage this like we do.
It's the closest to an EMI account opening Dubai Banks have to offer right now for Business Bank Accounts.
However the classic banks can still be better utilised for account opening with a quick simple in person meeting for taking signatures and then no further meeting is required - this is especially for people with a short business trip to Dubai important and for everyone that just want to have the business & finance based in Dubai but keep living most of the time abroad.
The real advantage of Mshreq NeoBiz is the 0 balance - that's the most interesting point about them.

