Time for some practical insights. Banks in the UAE are a curious bunch. They will easily give away their money to provide you with a credit card, autoloan, personal loan, etc. However, almost none of them will give you a loan to finance a business.
In fact, even if you already have a running business, they are rather reluctant to give you any kind of facilities. Mostly, if you are not a UAE citizen, you are on your own. This can be good, but it can also be rather painful.
So pick your bank carefully. Avoid local/national banks at all costs (unless you are a UAE citizen of course, then they would be your best friends). International banks are more inclined to consider a sound investment in your business. Or even provide you with basic facilities, such as overdraft.
Another thing to consider is your staff. Are you transferring to their accounts? Would you like them to be with a bank that will provide them with facilities? Can you get your company 'listed' so the bank would provide them with those facilities?
A listing of banks and experiences with them would be nice. Any takers?
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