Opening a UAE business bank account, done right.
The UAE's business-friendly policies make it a prime destination for corporations. Opening a company bank account in Dubai is crucial for routine operations - but many start-ups struggle due to a lack of awareness about the procedures. We guide you through it.
Global scrutiny means banks conduct thorough due diligence.
Businesses unaware of the required time, mandatory submissions and formalities may face delays in opening a business bank account - potentially jeopardising operations. With the global crackdown on tax evasion, being fully prepared to meet every requirement is essential.
Get startedAED 10,000 - 200,000
The required minimum account balance varies between banks. Offshore companies typically require a higher minimum balance; onshore companies require a lower minimum.
Necessary documents for opening a business bank account.
Company memorandum & articles
MOA/AOA of the incorporated entity.
Corporate structure & ownership
Shareholding pattern and UBO disclosure.
Source of funds / investments
Evidence of the origin of the invested capital.
License / incorporation details
Valid trade licence and incorporation certificate.
Business activities
Detailed description of intended trading activities.
Leadership experience
Track record of directors in related activities.
Additionally, the passport and residency visa of the company's shareholder representative are required.
1 - 4 weeks to open
The time frame varies depending on the bank chosen and the due diligence process. Onshore accounts generally open faster than offshore accounts due to fewer formalities and quicker verification.
Physical presence is mandatory.
According to UAE financial institution regulations, physical presence is mandatory for bank account opening. This ensures the original signature of documents and personal identity confirmation, allowing the applicant to open a corporate or personal bank account in the UAE.
10+ national and international banks. One optimal solution for your business.
ENTELLUS Consult specialists are available round the clock to assist with setting up your company and legal structure in the UAE, and to help you find the right banking solution tailored to your needs.
Tell us about your business.
Free 15-minute consultation on the banking route, expected turnaround and required documents. We charge only after your UAE corporate bank account is opened.
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