Complex procedures and lengthy documentation are becoming a deterrent for United Arab Emirates (UAE) SMEs. Almost two-thirds of entrepreneurs, state banking as an issue. Opening a bank account can take new SMEs up to three months to open; a white paper report from the Dubai Chamber of Commerce states complex verification processes are also significant challenges for SMEs.
Publications
Study: Banking a Challenge for 65 Percent of UAE SMEs
![Study: Banking a Challenge for 65 Percent of UAE SMEs Study: Banking a Challenge for 65 Percent of UAE SMEs](https://smefinanceforum.org/sites/default/files/styles/720x486/public/blogs/shutterstock_129614795.jpg?itok=z7WnJYe5)
Jul 24, 2018