Questions & Answers
Is it possible to transfer money from personal account to company account?
Hi there,
I'm a new business owner in Dubai (Professional Consulting services - business consulting, startup consulting etc.), and I recently opened my business bank account.
I know in order to get loans or credit cards, banks ask for bank statements... etc., and as I am just starting out there is not much revenue in my account.
However, my personal account in Dubai does have money, and I was wondering if there is any downside to me transferring a set amount to my business bank account each month in order to build out my banking history.
Any thoughts or other alternatives would be much appreciated.
Thanks,
A.

You can do this, and I suggest you that in the form of a loan that is transferred from your personal account to the company’s account so that there is no overlap in the accounts and the company can claim the amounts after a period.
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