Performance Guarantee
Ensures contract performance completion
Bank Guarantee Services
Bank Guarantee & Letter of Credit Services
Professional assistance for obtaining bank guarantees, letter of credit, and performance bonds in UAE. Expert guidance for all types of guarantees.
5
Guarantee types
15+
Partner banks
1 week
Processing time
Bank Guarantee Services
Professional assistance for all types of bank guarantees in UAE.
Bank guarantees are essential financial instruments used in business transactions, contracts, and tenders. SetupGulf provides complete assistance in obtaining bank guarantees from major UAE banks.
We help with performance guarantees, advance payment guarantees, bid bonds, customs guarantees, and commercial guarantees for various business requirements.
Our banking relationships ensure competitive rates and fast processing for all types of bank guarantee requirements.
- Performance guarantees
- Advance payment guarantees
- Bid bonds and tender guarantees
- Customs and port guarantees
- Commercial guarantees
- Letter of credit services
Types of Guarantees
Bank Guarantee Types
Various types of bank guarantees we assist with.
Advance Payment
Secures advance payments received
Bid Bond
Required for tender submissions
Customs Guarantee
For import/export clearance
Retention Guarantee
Replaces retention money hold
Commercial Guarantee
General business transactions
Process
Bank Guarantee Process
How we help obtain bank guarantees.
1
1
Requirement Analysis
Understand your guarantee requirements.
2
2
Bank Selection
Choose the best bank for your needs.
3
3
Documentation
Prepare complete documentation package.
4
4
Application
Submit application to the bank.
5
5
Guarantee Issuance
Receive issued bank guarantee.
Get Bank Guarantee
Professional bank guarantee assistance
Request Bank Guarantee
Tell us your guarantee requirements.
Contact Information
FAQs
Frequently Asked Questions
Questions about bank guarantees.
A bank guarantee is a commitment by a bank to pay a specified amount if the applicant fails to fulfill contractual obligations.
Bank guarantee costs typically include issuance fees (0.5-2% annually) plus collateral requirements.
Banks typically require 100-110% cash collateral or equivalent security for guarantee issuance.
Bank guarantee issuance typically takes 5-7 working days from complete documentation.
Banks may issue guarantees based on credit facilities for established businesses with good banking relationships.
Required documents include trade license, bank statements, contract details, and financial statements.
Need a bank guarantee?
Get Professional Assistance
Expert guidance for all types of bank guarantees.