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Open your business account

Open your Business Account

If you are looking for a full range of Banking Solutions, our Business Current Account is the right solution for you. Designed to be customizable for your business banking requirements, we offer an array of payment services and platforms for our business customers to bank conveniently and facilitate seamless local and international transactions.

Who can Open Business Accounts with BML?

Any business entity registered in the Maldives can open an account with BML including sole proprietors, partnerships, companies as well as foreign investment companies.

Who should be physically present to open the account?

Any official representative of the company will be able to submit an account opening request to the Bank. However, all proposed signatories of the account shall be present to provide specimen signatures, on the appointment date/time confirmed by the Bank. Signatories for companies will be established with a duly passed board resolution.



Start your application for a current account

Step 1

Complete application forms and the required checklist of documents.

Step 2

Once all documentation is complete as per provided checklists, you can proceed to book an appointment from the appointment portal. The appointment portal will be open for requests on bank from Saturday to Wednesday and limited appointments will be confirmed on a first-come-first-serve basis.

All signatories shall be present at a convenient branch or Service Centre to provide specimen ink signatures.

Step 3

If all documents are in order the account will be activated in 5 working days

*based on the findings of submitted documents, if enhanced due diligence need to be conducted, an additional 5 working days may be required.

FAQ

Business Current Account

Sole Proprietorship

List of documents you need for your account opening appointment: 

Association

List of documents required for your account opening appointment:


Cooperative Society

List of documents you need for your account opening appointment: 

Foreign Investment Accounts

List of documents you need for your account opening appointment:


Limited Companies

List of documents required for your account opening appointment:

Please be present at the scheduled time and do allow up to 1 hour for the appointment. 

Partnership

List of documents you need for your account opening appointment: 

Useful downloads

Account Opening Form - Business and Institutions English / Dhivehi
Information Form - Business & Institutions English
Sample Board Resolution - Opening a Business Account English
Sample Board Resolution - Partnership Account Opening English
Sample Board Resolution For Account Opening - Associations English
Account Opening T&C English / Dhivehi
Checklist for account opening - Account Opening & Information Form - Business & Institutions English
FAQ - Current Account (Business) English / Dhivehi