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Step 04: Deposit Capital

Al Tamimi & Company

Deposit the legally required capital at a bank and obtain letter/certificate from such bank evidencing the deposit of the capital. The bank will require the following documents:

  • Letter from the Ministry of Business and Trade addressed to the bank, requesting the bank to open a corporate bank account for the company (see Step 2) and
  • Copies of the shareholders' identity cards.

Time period: Three to seven days (depending on the relationship with Bank)

Government fee: Nil

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