Bank Account Opening Services in Dubai, UAE
Our business banking experts in Dubai can guide you through the process of opening a business bank account to ensure your company has the best possible chance of success.
How to Open a Bank Account in UAE
Opening a business bank account in the UAE can be complex due to strict regulations from the UAE Central Bank. However, our bank account opening service simplifies this process. Our team of business setup consultants will guide you through each step — ensuring a smooth experience that avoids many of the common pitfalls.
Our team evaluates your company’s activities, operations, expected turnover, and available funds for account opening. Based on this, we recommend the most suitable bank.
If the bank requires additional information, we handle communication and help you fulfill extra requirements. We can also represent you if you’re unable to meet the verification agent.
We assist in gathering and organizing necessary documents for the bank, including:
- Certified company incorporation papers
- Company profile
- Valid passports of shareholders
- Shareholders’ CVs
- 6-month personal/business bank statements of shareholders
- Emirates ID and residence visa copies
- Ejari/proof of UAE residential address
Types of Bank Acounts in UAE
Before opening a business bank account in the UAE, make sure you’ve chosen the right type. This is a process our financial consultants at Dasa Consulting can guide you through.
Documents Required to Open Bank Account in UAE
If you’re new to the UAE, we recommend asking a business banking specialist such as Dasa Consulting to guide you through the process. However, it’s always worth knowing what’s involved.
Whether you’re opening a savings account or a current account, you’ll need to provide your passport (and a copy of it), your UAE resident visa, proof of your income, and your Emirates ID card.
A slightly different procedure applies to non-residents. You will also need to provide a recent utility bill, your last six monthly banking statements, and proof of your funding sources.
If you’re opening a business account in the UAE, you’ll need to provide information about your company. The documents required will depend on your chosen bank but can include:
- Certificate showing your company’s registration
- Share certificates
- Company’s articles of association and memorandum
- Letter from the board authorizing a company officer to open a corporate account
- Visas and passports of all shareholders