Latest / GENZONE / How We Get UAE Bank Accounts Approved | 2,000+ Accounts & Banking Secrets
Transcript
- 0:00SPEAKER_00: I genzo one, we basically guarantee banking for all of our clients.
- 0:03SPEAKER_00: And I say basically and I don't say we guarantee because who knows, maybe in the future we'll have one person to be fully rejected from all the banks.
- 0:10SPEAKER_00: But till date, we've set up well over 2,000 bank accounts and have never had one client who is fully debanked.
- 0:16SPEAKER_00: We've had rejections in some cases with specific banks, but we have never had one client who has gone with no banking at all.
- 0:22SPEAKER_00: So let me explain why we're so confident in actually providing banking for our clients.
- 0:27SPEAKER_00: First, we understand banking because we actually do it, we do it again, again, and again.
- 0:31SPEAKER_00: Like we've set up bank accounts every single day for the last four and a half years for people, and we know how to actually answer questions.
- 0:38SPEAKER_00: We know if you're going to be eligible for a bank account, we haven't seen one application, we haven't seen one compliance review, we haven't seen one set of questions, we've seen thousands of different things, right?
- 0:49SPEAKER_00: So that's why we are able to be so confident.
- 0:52SPEAKER_00: If you have a call with one of our consultants and we see your business activity type and your nationality and your shareholders and what you plan on doing, we'll tell you very clearly hey, you may need this kind of setup, we may need to do this to make your structure stronger.
- 1:04SPEAKER_00: It may cost you X amount.
- 1:06SPEAKER_00: What we don't do is say, Yeah, yeah, no problem.
- 1:08SPEAKER_00: Come set up the bank.
- 1:08SPEAKER_00: Yeah, okay, boom, boom, boom, and then you get rejected, and then that's your problem.
- 1:12SPEAKER_00: We don't do that.
- 1:12SPEAKER_00: Here's the thing we've also seen people get rejected, and we've also been through the trials and tribulations of learning how to actually fix this and how to ensure that our clients get banking right away, right?
- 1:23SPEAKER_00: So if I've seen a situation where a client has gotten rejected at a bank, I will tell you, hey, listen, you're probably going to get rejected at this bank.
- 1:30SPEAKER_00: Let's not even apply, let's just apply here, or it's gonna cost you more.
- 1:34SPEAKER_00: But at least we're telling you this up front and not later as a surprise.
- 1:37SPEAKER_00: In some very, very rare cases, maybe, maybe you'll get rejected, but at least with a very high level of confidence, we tell you exactly what's gonna happen.
- 1:46SPEAKER_00: Now, the next thing is when supporting you with your banking, we do the application for you and we answer the questions in the correct way as per your business.
- 1:54SPEAKER_00: We're not inventing things, we're not lying, we're just answering it correctly, right?
- 1:58SPEAKER_00: There could be two people applying for the same bank, but one guy just does it lazily and doesn't understand or just is ignorant to the fact of how to answer questions, and then one other person knows how to do it, has the right people to help them, right?
- 2:10SPEAKER_00: We are advisors to you, so that's our goal.
- 2:12SPEAKER_00: We're gonna help you do things properly.
- 2:13SPEAKER_00: We don't want you to just set up your business bank account alone and just you know pray that it's gonna get open.
- 2:18SPEAKER_00: The reality is these two people could have the exact same business, exact same clients, activity, etc.
- 2:24SPEAKER_00: But this guy would get rejected because he answered in the incorrect way, and this person got approved.
- 2:28SPEAKER_00: So our goal is not to take someone who is supposed to get rejected to make them approved.
- 2:32SPEAKER_00: Our goal is to take someone who is supposed to be approved to ensure they're approved.
- 2:36SPEAKER_00: That's why we assist our clients with their banking.
- 2:39SPEAKER_00: And being one of the top partners with the local banks here in the UAE, we have a great relationship and understanding of how to communicate, how to explain things to the bank, and what to do and what not to do.
- 2:49SPEAKER_00: What we don't want to do is ruin our reputation with the bank, take someone who's, you know, clearly supposed to get rejected and say, oh no, no, please, he's actually doing this or they're doing that.
- 2:57SPEAKER_00: Please, blah blah blah.
- 2:58SPEAKER_00: You know, we we're not doing that.
- 2:59SPEAKER_00: So our goal is to just put you in the right place first instead of putting you in a place where you're gonna get rejected, then try and fix it and try and mix things up.
- 3:05SPEAKER_00: We don't do that, we make sure that it's actually compliantly done.
- 3:08SPEAKER_00: Because even if you open the bank and you're not supposed to, great, that's fine, good for you.
- 3:12SPEAKER_00: But then later the bank is gonna ask you questions and you can't continue to bank with them.
- 3:17SPEAKER_00: And that's a real difference between us and someone who sells you a company license and then says, Okay, now go apply for your bank account.
- 3:24SPEAKER_00: We don't just tell you what to do, we actually help you.
- 3:25SPEAKER_00: And the thing is that's super important because again, banking is the most important part of your setup.
- 3:30SPEAKER_00: If you have a license, that's great.
- 3:31SPEAKER_00: But do you have a bank account to receive your payments?
- 3:33SPEAKER_00: One of the major advantages is over the year, again, like I said, we've built amazing relationships with all of the representatives across multiple banks.
- 3:40SPEAKER_00: We have relationship managers, we know how to speak to them, they know us very well, they know the type of clients we deal with.
- 3:45SPEAKER_00: We literally have one of the highest approval rates with the Dubai banks because we apply properly.
- 3:51SPEAKER_00: We're not simply uploading your documents into a generic, you know, automated onboarding process and then just sitting there hoping that you know it's it's gonna get approved.
- 3:58SPEAKER_00: We actively apply, of course, and then we actively follow up.
- 4:01SPEAKER_00: And if anything needs clarification, we can help clarify it.
- 4:04SPEAKER_00: And here's another reason why we're so confident we're not dependent on one bank, and that's super important.
- 4:10SPEAKER_00: So we have other options for you to go and work with another bank, and also we'll look at why the first application didn't work.
- 4:15SPEAKER_00: In some cases, they won't tell us or they won't tell you, but we can review everything and kind of make an assumption if that did happen.
- 4:21SPEAKER_00: Again, truly, this doesn't happen to us because we just know how to apply and we know if it's gonna get approved or not after submitting more than a thousand, two thousand bank accounts.
- 4:29SPEAKER_00: Like these are things you learn.
- 4:30SPEAKER_00: And here at Gen Zone, I'm pretty confident that we are the only company setup firm that actually does banking for every single client because it's not usually an optional feature for us, although you could deny banking and say I'll do it myself.
- 4:42SPEAKER_00: But we typically don't get clients like that.
- 4:44SPEAKER_00: Typically, our clients want the banking assistance, so we have way more experience than other companies.
- 4:51SPEAKER_00: So that's what we can offer to people.
- 4:53SPEAKER_00: Of course, the full service, company setup, business bank account, residency visa, accounting tax, and compliance.
- 4:59SPEAKER_00: We can help you with the whole setup from A to Z and even past Z when it comes time for the future things in the future, like renewing your license, visas, getting you new bank accounts, setting up a new company in another jurisdiction, investing in second citizenships.
- 5:14SPEAKER_00: We do many things here at Gen Zone.
- 5:16SPEAKER_00: So we don't just disappear once the work is done, we reappear before you need more assistance because we're proactive and our track record speaks for itself.
- 5:25SPEAKER_00: We've helped set up well over 2,000 personal bank accounts and corporate bank accounts, like separately, you can say 4,000 plus.
- 5:32SPEAKER_00: And that's why we have so much confidence, and that's why we stand behind what we offer here at Gen Zone.
- 5:37SPEAKER_00: It's not just company formation, it's a lot more.
- 5:39SPEAKER_00: If you want to learn more and get started with our team here at GenZone, book a call using the link down below.
- 5:44SPEAKER_00: And of course, if you want to set up your company, you can go directly to our portal as well and check it out, even before setting up a call, just to see what it looks like to set up a company with us here at Gen Zone.