Open Your Business Bank Account in UAE
Experience swift, reliable business bank account opening in the UAE—without the unnecessary complications.
Book a Free ConsultationOpening a Bank Account in the UAE
Due to stringent anti-money laundering laws and international compliance requirements, opening a bank account in the UAE is not as straightforward as it may seem. Whether you are looking to open a personal or corporate bank account online, Prime Setup Business Consultancy is here to simplify the process for you.
UAE banks operate under strict government regulations to maintain the region’s reputation as a global trade and finance hub. These rules apply equally to personal and business accounts, ensuring transparency and security.
Opening a Bank Account in the UAE
To open a personal bank account, your physical presence is usually required. You will need to provide comprehensive documentation, including a detailed CV to build your banking profile, and a bank statement from your home country showing your transactions for the last six months. Additionally, a reference letter from your current bank is necessary.
You will also need to submit a copy of your passport, including the page displaying your valid UAE entry stamp. Maintaining a minimum account balance is mandatory to avoid penalties.
Opening a Corporate Bank Account in the UAE
Opening a business bank account is a more complex procedure, requiring several key documents such as:
Company’s Articles of Association
Share Certificate detailing the ownership distribution
Certificate of Incorporation confirming company registration
Valid Business License
Copies of passports and UAE entry stamps for all shareholders
UAE Residency Visa copies (if applicable)
Emirates ID for resident shareholders
Details of your suppliers and clients
Recent bank statements for all shareholders, covering the previous six months
What Kind of Entities Are Exempted from UAE Corporate Income Tax?
Wholly owned government entities.
Registered non-profits.
Qualifying investment funds.
If shareholders own companies outside the UAE, relevant company documents and foreign bank statements must also be submitted. Some banks may request additional information about your business contracts.
Bank account opening generally requires your in-person attendance and may take a few hours to a full day. This is why expert guidance from a business setup consultant is invaluable — we ensure your documents are accurate and complete to make the process efficient and hassle-free.
Open a Bank Account Online in the UAE
The UAE hosts a mix of robust local banks, including:
Abu Dhabi Commercial Bank
First Abu Dhabi Bank
Emirates NBD
Dubai Islamic Bank
Mashreq Bank
RAK Bank, among others
The UAE hosts a mix of robust local banks, including:
HSBC
Citibank
Barclays
Standard Chartered
Many local and international banks now offer options to open accounts online, combining convenience with strict compliance.
What Do You Receive?
Bank Account Assistance
Benefit from a seamless bank account opening process, handled by our experienced consultants and reputable banking institutions.
Personalised Banking Strategy
Receive expert recommendations tailored to your business structure, operations, and future expansion plans.
Regulatory & Compliance Expertise
Access proactive guidance to ensure your banking activities meet UAE legal standards and industry best practices.
Financial Security & Risk Controls
Employ sophisticated risk management tools and insights for safer financial operations and smoother banking relationships.
Payment Integration & Transaction Assistance
Achieve efficiency in your financial flows with our support in setting up reliable payment gateways and transaction solutions.
Document Preparation & Verification
Rely on precise help for compiling, checking, and submitting all paperwork—so your bank application proceeds without delays.
We work closely with all Government Agencies
Frequently Asked Questions
Common documents include the company’s Trade License, Memorandum & Articles of Association (MOA/AOA), Certificate of Incorporation, Share Certificates, Board Resolution authorising the account opening, passports and UAE visas of shareholders and authorised signatories, recent bank statements of shareholders, and proof of address. Prime Setup guides you through assembling and preparing all these documents accurately to avoid delays.
Yes, non-residents can open corporate accounts but are subject to additional compliance scrutiny. Prime Setup has extensive experience helping non-resident entrepreneurs meet these regulatory requirements smoothly.
Depending on the bank and document completeness, it may take 1 to 4 weeks. With Prime Setup’s professional assistance and established banking relationships, you can expect a faster, hassle-free process.
Most banks require at least one in-person meeting for identity verification and approval process. Prime Setup helps coordinate these appointments to ensure your presence is used efficiently.
Minimum balances usually range from AED 25,000 to AED 100,000. Falling below may cause fees. Our consultants assist you in selecting banks that meet your financial strategy and business model.
Banks enforce strict anti-money laundering (AML) and know your customer (KYC) standards. Businesses must clearly disclose ownership structures and source of funds. Prime Setup’s legal and compliance experts ensure your application meets all regulatory standards.
Yes, free zone companies may have somewhat different processes. Prime Setup offers tailored advice depending on your jurisdiction and business needs for smooth account opening.
A consultancy like Prime Setup prepares your documentation, advises you on bank selection, liaises with bank officials, and manages follow-ups to avoid delays and increase approval chances.
Some banks offer online application portals, but physical verification usually follows. Prime Setup helps initiate online applications correctly and prepares you for next steps.
Rejections often arise from incomplete documentation or unclear source of funds. Prime Setup reviews your application beforehand and helps address potential issues to improve approval odds on reapplication.