OPEN ACCOUNTS

 
Opening Credit or Standing Guarantee Account
• Client shall submit a request to open an account through Dubai Trade Portal: www.dubaitrade.ae, and get the approval of Client Partnership Department thereon
• Account limit is determined based on the average of the duty paid in the last 6 months, but in no case may be less than the credit account minimum limit being AED 100.000, and the standing guarantee account minimum limit being AED 25.000
• Account number shall be provided by the Finance Department
 
Required Documents:

• A request to open an account through Dubai Trade Portal: www.dubaitrade.ae
• A copy of the valid trade license
• A bank guarantee (cash/cheque) in the name of the company with the determined amount
 
Claims Payment

• Client shall approach Finance counters or desks
• Client shall pay the determined charges
• Client shall receive a receipt voucher
 
Required Documents:

1. Statement of account or the claim notice
 
Closing of Credit or Standing Guarantee Account

1. Client shall submit a request to close the account in accordance with a formal letter from the company to be delivered to Client Partnership Section
2. Client Partnership Section shall receive the letter, and set a date with the client to close the account finally with a period not more than 10 days
3. If any liabilities are accrued on the company, the client shall be advised of the same and asked to get the approval of the concerned centre/centres before the final closure of the account
 
Required Documents:

1. An official request letter from the company for account closing
2. A copy of the valid trade license