A bank guarantee is given to a company or an individual regardless of the capacity, of the entity. Thus, a nominal understanding or fee is charged between the parties involved. Some business activities in the UAE require bank guarantees to make an investment or hold a working capital. Shuraa Business Setup helps companies with a short-term bank guarantee facility that can be valid for 3 days to 10 days.
There are mainly two parties involved in the process of Bank Guarantee – Principal Debtor and Beneficiary for the bank. Shuraa Business Setup assist you by becoming an enacting principal debtor making you the beneficiary. Through this, Shuraa enhances the creditworthiness of your company to secure a bank guarantee.
There are various types of bank guarantee that a business may require, to know more on how Shuraa Business Setup can assist you with the best banking facilities in UAE, speak to our experts!