Kuwait
Banking in Kuwait
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Starting a new business in India
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Banking in Kuwait
The procedures with opening a bank account involve a lot of paperwork. In order to open up a bank account, it is mandatory to have a residence visa and a NOC (No Objection Certificate) stipulating your salary and the amount that will regularly be paid into your account. Some banks will also ask to see your tenancy agreement to establish your residential address and will also ask to see a copy of your passport.
Most current accounts are not cheque accounts as people are generally suspicious of cheques. However, cheque accounts are available at some banks.
Organisations that can assist with Banking
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> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.
