Quick & Easy Corporate Bank Account Opening in Dubai, UAE
With Start Any Business (SAB), complete your corporate bank account setup in Dubai for your company quickly. We promise professional support that makes your corporate banking setup simple and stress-free.
Contact SAB experts for the right guidance!
More than 7,000
licenses registered
10+ years of expert
industry experience
Get Support From Experts
Corporate Bank Account Opening in Dubai, UAE
Dubai has become a favorite place for global business owners and entrepreneurs planning to start or expand their business in the UAE. This city offers everything, from supportive business policies to global connectivity, that a company needs to start and grow. To run a business smoothly, opening a corporate bank account in Dubai is a must. A separate account is not only needed to manage company payments easily but also to meet the necessary legal requirements.
Start Any Business (SAB) promises expert banking support to help new and growing companies. With a team of experienced professionals who have a deep understanding of UAE banking rules, we offer customized solutions. With us, you can secure a stress-free corporate bank account opening in Dubai. Whether you need help with only paperwork or the entire account opening process, you can trust us as your valuable partner.
What is a Corporate Bank Account in Dubai, UAE?
A corporate bank account is a business-specific bank account, which means local and multinational businesses in Dubai open it to manage finances. With a separate account for your company, you can easily receive income, pay your vendors, handle payroll, and manage other business transactions. By choosing the right bank to open your corporate bank account, you can secure benefits, like multi-currency support and online banking.
- It is opened under a company’s name, not an individual's.
- Needed to separate business and personal finances.
- Offer features, like multi-user access and high-transaction limits
- Helps build trust with clients, partners, and investors
- Access to international markets with multi-currency support.
Benefits of Corporate Bank Account Opening in Dubai, UAE
Whether you run a small business or a large company in Dubai, a globally popular business center, having a local corporate account is a must-have for effective operations. This financial tool helps companies to stay compliant and manage business transactions easily.
Key Requirements & Eligibility for Corporate Bank Account Opening in Dubai, UAE
- Physical Presence: Most banks in Dubai demand businesses to provide proof of their physical office presence; only then do they approve their account opening application.
- Authorized Signatory/Shareholder Residency: Generally, at least one shareholder must have a valid UAE residency and an Emirates ID. However, some options for non-residents are also available.
- Compliance & Due Diligence: Before approving the account opening application, banks conduct strict KYC and AML checks. So, you need to provide clear information on the UBO, source of funds, and your activities.
- Minimum Balance: In corporate bank account opening in Dubai, there is a step where you have to submit a minimum deposit to activate your account. Moreover, you have to maintain a minimum balance that varies and can range from AED 10,000 to over AED 50,000.
- Penalty Fees: Not maintaining a minimum balance that varies by bank and account type means you have to pay penalty fees in addition to standard bank service charges.
Start Any Business (SAB) makes sure you meet every eligibility requirement to secure a hassle-free corporate bank account setup in Dubai. We help our clients get their company accounts set up within 7 to 21 days. However, without expert support, missing documents, and other mistakes can delay the approval.
Best Banks in UAE Start Any Business (SAB) Works With
Choosing the right bank is a must for successful corporate bank account opening in Dubai. We have strong connections with leading banks in Dubai and help you select the best option based on your needs. Here is a list of the top banks in the UAE that Start Any Business (SAB) works with:
ADCB
Offers the right corporate banking solutions for SMEs and new businesses.
- Min. Balance/Fee: Zero Balance/150 AED/month
- Transfer Support: Local Only
RAK Bank
- Min. Balance/Fee: Zero Balance/150 AED/month
- Transfer Support: Local + Intl
Emirates Islamic
The best option for businesses looking for reliable Sharia-compliant banking solutions in the UAE.
- Min. Balance/Fee: 10K/35K
- Transfer Support: Local + Intl
FAB – WIO
- Min. Balance/Fee: Zero Balance/ 99 AED/month
- Transfer Support: Local + Intl
Mashreq
A reliable and safe bank that promises modern and efficient corporate banking experience.
- Min. Balance/Fee: 300,000 AED
- Transfer Support: Local + Intl
Ajman Bank
Best for small and mid-size businesses and anyone who runs a company with unique business activities.
- Min. Balance/Fee: 5,000 AED
- Transfer Support: Local + Intl
ENBD (Emirates NBD)
Best for medium and large companies and those involved in international trade.
- Min. Balance/Fee: 500,000 AED
- Transfer Support: Local + Intl
ADIB
- Min. Balance/Fee: 500,000 AED
- Transfer Support: Local + Intl
CBD (Commercial Bank of Dubai)
It provides the right support and services for growing businesses.
- Min. Balance/Fee: 500,000 AED
- Transfer Support: Local + Intl
NBF (National Bank of Fujairah)
- Min. Balance/Fee: 35,000 AED
- Transfer Support: Local + Intl (AED, USD)
Mashreq NeoBiz
- Min. Balance/Fee: Zero Balance/200 AED/month
- Transfer Support: Local + Intl
UBL
- Min. Balance/Fee: 100,000 AED
- Transfer Support: USD + EURO Only
Corporate Bank Account Opening Dubai: Required Documents
Key Company Documents
- Trade License: This is issued by DED or the Free Zone Authority (FZA).
- Company Registration Papers: This proves the company is legally registered and established.
- MoA/AoA: This shows how the company is structured and its ownership distribution.
- Board Resolution & Power of Attorney: To confirm who can sign on behalf of the company.
- Office Address Proof: Ejari certificate for mainland companies and lease agreement for free zone businesses.
Key Shareholder/Director Documents
- Passport Copies: Copies of all owners, directors, and shareholders to confirm their details.
- Emirates ID & Visa: If any shareholder lives in the UAE, these must be provided.
- Bank Reference Letter: Provided by your personal or existing bank.
- Proof of Address: You can submit a recent utility bill.
Additional Requirements
- Business Plan: To explain your activities, target markets, and financial plans.
- Activity Proof: You have to submit invoices and contracts showing real business work.
- Source of Funds: To prove where the company’s capital is coming from.
- Financial Statements or Forecasts.
- Company Structure Chart: To show ownership distribution and hierarchy.
Steps for Corporate Bank Account Opening in Dubai, UAE
While the process of opening a corporate bank account in Dubai may seem complex, you just need to follow some clear steps. Start Any Business (SAB) can help you prepare the right document and complete every formality.
Choose the Right Bank
You have to select the right bank based on your business activity, like trading and consultancy. There are different types of corporate bank accounts available in Dubai. Moreover, some banks prefer to provide services from specific industries, like real estate and tech. Start Any Business (SAB) can help you compare options and select the right one.
Gather Documentation
Next, you need to prepare all the necessary documents that your chosen bank asks you to submit to open a corporate bank account in Dubai. We can help you collect every important personal and business document. Some necessary business docs are MOA, share certificates, and trade license; personal docs are passport copies, Emirates ID, and proof of address; and tax returns and audited financial statements as proof of funds.
Submit Application
Compliance Review & Meeting
Account Approval & Activation
After successful KYC and AML checks, your account opening application will be approved. This process usually takes 7 to 21 days. You also need to make an initial mandatory deposit to activate your account. After activation, the bank provides you with your account details, debit and credit cards, and helps you set up online banking.
Get Expert Banking Support from Start Any Business (SAB)
- Prepares and reviews all required documents correctly.
- Suggesting the best banks based on your business needs.
- Coordinating approvals and handling communication with the bank.
- Faster approval through proper compliance guidance.
Let Start Any Business (SAB) handle your Dubai corporate bank account setup. Connect with SAB experts for trusted and expert banking solutions.
Frequently Asked Questions
Yes, businesses registered in the UAE can open a corporate bank account. Start Any Business provides complete assistance for this process.
- Trade license
- Shareholder(s) passport and Emirates ID copies
- Memorandum of Association (MOA)
- Proof of business activity (invoices, contracts, etc.)
- Residency visa for the company’s authorized signatory
The process typically takes 5–15 working days, depending on the bank’s requirements and the type of account.
Yes, non-residents can open corporate accounts, but additional documentation and approvals may be required.
- Access to UAE’s robust banking network
- Multi-currency accounts
- Online banking services
- Facilitation of international trade and transactions
- Secure and business-friendly banking environment
Leading banks in Dubai include:
- Emirates NBD
- Mashreq Bank
- First Abu Dhabi Bank (FAB)
- RAKBANK
- HSBC
Yes, most banks require the company’s authorized signatory to be physically present for account verification and compliance procedures.
Absolutely! We guide you through the process, ensuring all documentation is complete and compliant with the bank’s requirements.
Yes, businesses in high-risk industries may face additional scrutiny. Start Any Business ensures smooth handling for all sectors.
- Expertise in UAE banking regulations
- Assistance with documentation and approvals
- Relationships with top UAE banks for faster processing
- End-to-end guidance throughout the process
Yes, most banks require a minimum balance, which varies depending on the bank and account type.
