Our records indicate that your business set up Trade License has expired and a renewed copy has not been submitted to the Bank.
If your Trade License belongs to DAFZA, DMCC, SEDD, DEDD or Ajman DED you can easily update yours by uploading a self-attested copy of the renewed Trade License through Mashreq Business Online. For all other entities you may contact your RM or visit the nearest Mashreq branch with your original Trade License.
In the event that we do not receive a copy of your Trade License more than 60 days after expiry, the following charges will be recovered from your account each month:
| Period |
Charges |
| Valid Trade License not provided within 61-89 days after expiry |
AED 250 |
| Valid Trade License not provided within 90-119 days after expiry |
AED 400 |
| Valid Trade License not provided every 30 days thereafter |
AED 600 |
Please note that post 120 days from the expiry of your Trade License the Bank will not be able to issue you with a cheque book until the renewed Trade License is updated in our records. If your Trade License renewal is overdue by more than 180 days, Mashreq may be forced to close your account.
In case you require further clarification or information on the subject, please contact your Relationship Manager or contact the Business Banking Direct Banking Center on 04 4244763.
We appreciate your relationship with Mashreq and look forward to continuing to serve your banking needs.
Yours Sincerely
Business Banking Team
Mashreq Bank |
