info@arabianwingzuae.com | +971 566621785 | Mon - Sat 9:00 AM - 6:00 PM
Welcome to Arabian Wingz – Your Trusted All Banking Facility Partner in Dubai, UAE!
- End-to-End Bank Facility Assistance: Secure Letters of Credit, Trust Receipts, and Bank Guarantees with expert compliance support.
- Customized Loan & Mortgage Services: Home loans, mortgage transfers, and business overdrafts are designed to meet your financial goals.
- UAE-Focused Corporate Finance Solutions: From Trade Working Capital to Bid Bonds – Our experts handle everything for your success.
Contact Us
Get Support From Experts
Banking Facility Services We Provide
Arabian Wingz provides expert support to manage your company’s banking needs and financial operations in the UAE. By choosing us as your trusted banking facility services provider, you can access all banking services, like trade finance, letters of credit, bank guarantees, mortgage support, trust receipts, and more.
Types of Banking Facilities We Assist With
1. Trade Finance
With Arabian Wingz, access customizable financial services and solutions designed to support businesses in both local and global trade. From flexible funding options to improved cash flow, our experts support anything.
2. Letter of credit
Our banking experts make international trade easier for our clients by helping them secure Letters of Credit from trusted banks. With this financial tool, you can manage cross-border trade transactions without hassles, as it assures that buyers and sellers will receive goods and payment on time, respectively.
Arabian Wingz understands the importance of this financial tool for safe and smooth global transactions, as it serves as a payment guarantee. The bank provides it to the seller once all requested documents are submitted. We provide the right assistance to our clients in securing a Letter of Credit, so that they can work with foreign exporters and importers with more confidence.
3. Trust Receipt
We help our clients with short-term financial support through our trust receipt banking facility. This banking facility provides a flexible way to finance your imports, as the bank allows you to take the goods and sell them, while still keeping ownership. After the company’s credit is approved, the bank provides this short-term loan service, which helps you to sell your stock first and pay the bank later.
Generally, this is provided along with a Letter of Credit. In simpler words, the bank financially supports you to pay the suppliers for the goods, and after selling them in the market, you need to repay the bank with the sales money. Arabian Wingz assists clients with reliable trust receipt facilities, helping them maintain smooth trade operations.
Empower Your Business with Smart Banking Solutions
Fast, Secure & Reliable
4. Bank comfort letter
This formal document is issued by a bank or a parent company, confirming they are willing to support a client or related company financially. It is usually used during large business deals, like high-value contracts or project bidding, as it creates a credible image of the client or company before suppliers and business partners that they are financially stable.
Arabian Wingz’s banking experts help clients obtain the bank comfort letter easily, as they handle everything from preparing paperwork to assessing the clients’ financial health and related support. If you are planning to bid for a big trade partnership or contract, this formal document can help you secure a strong financial status, increasing your chances of winning the deal.
5. Bank Guarantee
This document serves as a promise from a bank to cover a loss if its customer fails to fulfill the terms and obligations of the contract. This financial tool comes in two forms: direct, where the bank guarantees the benefiting party directly, and indirect, where a second bank issues a guarantee based on the first bank’s support.
Arabian Wingz understands the importance of this banking facility for businesses, especially when they are entering a new partnership or bidding for a high-value project. Our team makes the process of obtaining this document easier for clients. We help them through every step from document preparation to approval and issuance.
6. Advance payment guarantee
This contract protects buyers or project owners when they make advance payments to a seller or contract for services. The advance payment bond makes sure that if the sellers fail to deliver the goods or services on the agreed time and terms, the issuer or bank will refund the advance payment.
For example, a buyer pays half advance payment to the supplier for goods, and if the supplier fails to deliver the goods, the bank will return the paid amount to the buyer. We help clients secure the advance payment guarantee, as we have strong connections with reliable banking partners.
7. Performance bond
This is a financial guarantee provided to a project owner that ensures the contractor will provide the services or complete the work as per the terms of this contract. However, if the contract doesn’t meet the obligations, this bond will cover the losses to help the owner complete the project.
This banking facility is usually used by businesses operating in the construction industry. With Arabian Wingz, you can easily secure performance bonds through a trusted bank or finance firm, as we have deep expertise in the application and approval process.
8. Bid bond
This bond is a guarantee provided by a contractor to the project owner during the bidding process, and it assures that if the contractor wins the bid, both parties will sign the contract as per the agreed price and terms. However, if the bidder refuses to fulfill the contract, then the project owner can demand compensation through this bond.
These are commonly used by businesses for construction and high-value projects. With Arabian Wingz, you can confidently participate in big tenders and gain trust from project owners, as we help them obtain this bond efficiently.
9. Overdraft Facility
This banking facility helps businesses handle short-term cash flow issues, as using it, they can withdraw money multiple times up to a set limit, but they only need to pay interest on the amount actually used. For example, if your overdraft limit is AED 50,000 and you use only AED 25,000, then the interest will be charged only on the used amount, that is AED 25,000.
This makes it easier for businesses to manage urgent expenses while keeping interest costs in control. We assist clients in securing overdraft facilities from trusted banks and finance institutions, helping them meet their short-term business needs.
Unlock Hassle-Free Banking for Your Business
Secure Your Facility Today!
10. Trade working capital
The difference between a company’s current assets and liabilities is called working capital. In simple words, this shows the amount of money a business has to run its daily operations. Cash, inventory, and other things that can be converted into cash within a year are considered assets, while the amount that a business needs to pay in the same period is considered a liability.
Arabian Wingz understands the importance of healthy cash flow for any successful business and provides trade working capital solutions to support them with different financial needs. Whether you need better credit terms or smoother financial operations, we can help you with customized solutions for anything.
11. Mortgage loan
This long-term loan is taken by businesses from a bank, usually to buy a property, like an office or commercial space. The property that you buy serves as security for the loan, and you need to repay the amount to the bank in easy installments. This means you don’t have to fully pay for the property, helping you maintain a smooth personal cash flow.
We help our clients find the best mortgage loan option based on their needs. From checking their eligibility for the loan to preparing documents and comparing loans, we help with everything to make this process hassle-free for our clients.
12. Home loan
Looking to buy your dream home in the UAE but can’t pay the full amount? No worries, the home loan facility helps you purchase your dream home with money borrowed from a bank that you need to pay back in monthly installments. This makes purchasing property easier and more affordable for families looking to settle in the Emirates.
We help our clients in the entire home loan process by offering the right support from start to finish. From checking your eligibility to gathering the requested documents, we work on your behalf to make this complex process easier and hassle-free.
13. Mortgage for non-residents
The Emirates welcomes expatriates from around the world who wish to settle or invest in property here. With mortgage solutions for non-residents, banks help foreign buyers to buy their dream home or secure a profitable real estate investment. This is ideal for business owners, investors, or someone who thinks of the Emirates as their second home.
We help our international clients in finding and securing the right type of mortgage loans based on their needs. We have strong connections with the most trusted banks in the UAE that offer mortgage loans to non-residents at attractive terms and interest rates.
14. Transfer the existing mortgage to another bank
Shifting your existing home or mortgage loan from one bank to another that offers better terms in the UAE is possible. Many homeowners and investors choose this banking facility to take advantage of lower interest rates and flexible repayment plans. If you think your current mortgage is becoming a financial burden on you, you can get help with this service.
With Arabian Wingz, you can access the right support to smoothly transfer your mortgage from one bank to another with a better deal. We help our clients in assessing their current loan terms and help them secure a favorable offer. With us, you don’t have to deal with complex paperwork and bank negotiation hassles, all by yourself.
Why Choose Arabian Wingz for Banking Facility?
Arabian Wingz, the most trusted banking facility services provider in the UAE, is dedicated to making banking simple and stress-free for our clients. Whether you’re applying for a mortgage loan, wish to secure a bank guarantee, or want to transfer the existing mortgage, our experts can assist you with everything. We have strong connections with top banks and financial institutions across the Emirates, which makes us a reliable partner for banking facilities. Connect with us to get the best deals, faster approvals, and expert support for any banking facility to support your business goals.
Simplify Business. Maximize Potential.
Explore tailored solutions across 20+ services with expert guidance.
Enquire Now for Complete Business Support!
- Office No. 113, Al Kazim Building , Al Garhoud, Dubai, United Arab Emirates
- info@arabianwingzuae.com
- +971 566621785
Let's Talk Free Consultation
FAQ's
What are banking facility services in Dubai?
Professional services that assist individuals and businesses in managing and gaining access to the range of financial products and services provided by banks are known as banking facility services in Dubai. Help with opening business bank accounts, getting loans, and acquiring other financial products like bank guarantees, overdraft facilities, and letters of credit is all included in this. Simplifying banking procedures and guaranteeing that companies have the financial resources they require to function and expand are the objectives.
Which types of banking facilities are available for businesses in Dubai?
Numerous banking services are available to businesses in Dubai. These include more specialized financial products as well as basic services like business and corporate bank accounts for everyday transactions. Additionally, business loans for working capital or expansion, trade finance to support import and export activities, and bank guarantees and letters of credit to secure contracts and transactions are examples of common facilities.
How can a company open a corporate bank account in Dubai?
A business must first be legally registered and hold a current trade license in order to open a corporate bank account in Dubai. Usually, the procedure entails submitting an application along with all necessary corporate documentation and proof of identity for each partner and authorized signatory. Banks will perform a comprehensive Know Your Customer (KYC) check and due diligence, which may involve an interview. The entire procedure necessitates meticulous planning and is frequently time-consuming.
What documents are required to access banking facilities in Dubai?
A valid trade license, a memorandum of association, and a certificate of incorporation are typically needed to access banking facilities in Dubai, though these requirements can differ depending on the bank and type of business. Additionally, banks demand identification documents like passports, Emirates IDs, and visas for all partners and authorized signatories. It may also be necessary to request other documents, such as bank statements, proof of office tenancy, and business plans.
Can foreign-owned companies access banking facilities in Dubai?
Yes, foreign-owned businesses are able to use Dubai’s banking facilities, but there might be more stringent requirements. To adhere to international regulations, banks might need more thorough documentation and closer examination. Businesses that are registered in specific free zones might also encounter extra difficulties because banks tend to view them as riskier.
How long does it take to open a business bank account in Dubai?
Opening a business bank account in Dubai can take anywhere from a few weeks to several months, depending on the circumstances. The timeline is contingent upon the intricacy of the business structure, the completeness of the application, and the internal procedures of the bank. Businesses that have a well-defined business plan and all required paperwork typically go through the process more quickly.
What are the common challenges in obtaining banking facilities in Dubai?
Lack of a physical office is a common obstacle to obtaining banking services in Dubai, as many banks prefer to have a physical presence. Companies from high-risk nations, those with general trading licenses, or those engaged in unclear activities may also be subject to more scrutiny or rejection. Some businesses may find the process more challenging due to the strict KYC and AML regulations.
Are there banking facilities tailored for startups in Dubai?
Yes, there are banks in Dubai that provide banking services specifically designed for small and medium-sized businesses (SMEs) and startups. These frequently include business-specific packages and accounts with lower minimum balance requirements. To help startups in their early phases, some institutions also offer advisory services, financing options, and collaborations with other businesses.
How can banking facilities support business growth in Dubai?
Banking establishments in Dubai facilitate the expansion of businesses by offering crucial financial resources. Through trade finance and guarantees, they help companies manage day-to-day operations, obtain funding for growth, and reduce risks. Businesses can invest in new ventures, maintain a healthy cash flow, and grow both domestically and globally with the support of dependable banking facilities.
How can Arabian Wingz help businesses with banking facility services in Dubai?
Arabian Wingz serves as a reliable advisor and middleman to assist companies in Dubai with banking facility services. They help with every step of the process, from selecting the best bank and preparing the required paperwork to facilitating communication and managing intricate compliance requirements. Businesses can effectively and successfully obtain the required banking facilities thanks to Arabian Wingz’s relationships with leading banks and its knowledge.
