YAM |

YAM COMPANION CREATION

Any company registered in UAE & KSA & UK with a valid trading license can sell its products on YAM.

In order to open a selling account on YAM, first start by creating a customer account on YAM.ae Then submit copies of the following registration documents, and your store will be validated in a week:

Trading license or commercial registration
VAT certificate
Passport or residence ID (both sides)
Residence visa for non-nationals
Bank details stating the same information provided in the commercial registration:

- Provide the below details on a signed and stamped company letterhead:
-The company's legal name
- Bank account number
- Iban
- Swift code UAE & KSA
- Bank branch
- Store currency (once chosen, it wouldn't be possible to change it in the future)

OR
- Cancelled Cheque (Cancelled check must have IBAN number and account number, if not, then Yam bank form must be provided signed and stamped Yam Bank form).

Once I have my documents, what’s next?

Create a customer account on YAM.ae. Once this is complete, you will need to upload your documents. Once copies of your documents have been received and approved, your YAM Vendor status will be approved within one week.

Companies that aren't VAT registered

In addition to the above documents, sellers whose companies aren't VAT registered should fill-in the below declaration of VAT non-enrolment under the law of their respective country, and affix it with seal and signature by the authorized signatory of the business.

Declaration of VAT non-enrolment - UAE

Declaration of VAT non-enrolment – KSA

Declaration of VAT non-enrolment - UK

Transfer of payments

Payments for your sales on YAM will be disbursed to your bank account on a bi weekly basis. Below are your bank account details necessary for YAM to transfer your payments; these are to be submitted to seller@yam.ae anytime:

Provide the below details on a signed and stamped company letterhead:
-The company's legal name
- Bank account number
- Iban
- Swift code UAE & KSA
- Bank branch
- Store currency (once chosen, it wouldn't be possible to change it in the future)

OR
- Cancelled Cheque (Cancelled check must have IBAN number and account number, if not, then Yam bank form must be provided signed and stamped YAM Vendor supplier.

Will I receive an account statement?

Yes, all payment statements issued to you from YAM will be displayed in the Statement tab on your Seller Station. A payment statement will be displayed once the payment has been approved by YAM. You can follow up with your corresponding bank using the bank transaction ID.

Also, if the name of the person managing the company is different from the one on the trading license, please provide us with a letter of authority on a stamped bank letterhead.

Got any more questions?