Simplified Business Banking in the UAE
Premium Bank Account Solutions — Quick & Hassle-Free
Our Services Include:
- Corporate Accounts
- Personal Accounts
- Remote Setup Support
Starting at AED 999*
2,000+ Businesses Trust Us
Just 3 Easy Steps
Choose Your Bank
Explore Account Benefits
Open Your Freezone Account
How to Open a Business Bank Account in the UAE?
Every business in the UAE—whether Freezone or Mainland—requires a bank account to operate efficiently. However, the process can be complex due to strict compliance regulations set by the UAE Central Bank. That’s where our in-house banking experts step in, guiding you through each step and simplifying the process with ease.
Seamless Business Bank Account Opening in the UAE
Optimize Your Financial Management
Efficiently managing your business finances is crucial for sustainable growth and operational excellence. Opening a dedicated business bank account in the UAE is a pivotal step toward this objective.
Your Trusted Banking Partner
A B CAPITAL has helped hundreds of Freezone and Mainland companies successfully open business bank accounts with leading financial institutions across the UAE. From documentation to compliance, we handle every detail—ensuring a smooth, secure, and reliable banking experience.
Essential Documentation for UAE Bank Account Opening
Personal Bank Account Requirements:
- Valid Emirates ID (Original)
- Clear Passport Copy
- Valid Residential Ejari Certificate
- Recent Bank Statements (Last 3 Months)
Corporate Bank Account Documentation:
- Authentic Trade License
- Memorandum of Association (MOA)
- Share Certificate (Applicable for Freezone Entities)
- Certificate of Incorporation / Formation (Freezone)
- Business Ejari (For Mainland Entities)
- Office Lease Agreement (Freezone)
- Passport Copies of All Shareholders
- Visa Copies of All Shareholders (If UAE Residents)
- Emirates IDs of All Shareholders (If UAE Residents)
- Comprehensive Business Profile
- Detailed List of Key Suppliers and Clients
- List of Countries Engaged in Business Transactions
Why Choose A B CAPITAL?
At A B CAPITAL, we specialize in premium business setup and banking consultation services across the UAE. Whether you’re a startup or an established enterprise, our solutions are tailored to help you thrive in the UAE’s competitive market landscape.
Navigating UAE’s rigorous banking regulations—set by the Central Bank—can be challenging. Our expert in-house banking consultants provide comprehensive support to simplify the process, ensuring your account is opened swiftly and in full compliance with the latest legal requirements.
Partner with A B CAPITAL for Expert-Led Business Banking Solutions in the UAE. Precision. Compliance. Growth.
Setup Your Business Bank Account In Just 3 Easy Steps
Step 1
Prepare required documents for Assessment and review
Step 2
We initiate the application either online or from a banking officer
Step 3
Approval obtain Activation Of Account
Choose Your Bank Accounts
| Bank Name | Emirates NBD Bank |
|---|---|
| Initial required deposit | AED 250,000 |
| Timeframe (average) | 5-15 working days |
| Personal visit | Required. Only opens accounts for LLCs and limited free zone companies. |
| Bank Name | Emirates Islamic Bank |
|---|---|
| Initial required deposit | AED 10,000 |
| Timeframe (average) | 10-15 working days days |
| Personal visit | Required. |
| Bank Name | Mashreq Bank |
|---|---|
| Initial required deposit | AED 50,000 Zero balance account available with AED 200 per month fee. |
| Timeframe (average) | 10-15 working days |
| Personal visit | Required. Opens accounts for mainland, free zone and offshore companies. |
| Bank Name | RAKBANK |
|---|---|
| Initial required deposit | AED 25,000 Zero balance account available with AED 100 per month fee. |
| Timeframe (average) | 10-15 working days |
| Personal visit | Required. Opens accounts for mainland, free zone and offshore companies. |
| Bank Name | Abu Dhabi Commercial Bank (ADCB) |
|---|---|
| Initial required deposit | Zero balance account available with AED 131 per month fee. |
| Timeframe (average) | 7-10 working days |
| Personal visit | Not Required. Only opens accounts for mainland and limited free zone companies. |
| Bank Name | Dubai Islamic Bank |
|---|---|
| Initial required deposit | AED 50,000 |
| Timeframe (average) | 10-15 working days |
| Personal visit | Required. Opens accounts for mainland, free zone and offshore companies. |
| Bank Name | First Abu Dhabi Bank (FAB) |
|---|---|
| Initial required deposit | AED 250,000 |
| Timeframe (average) | 10-15 working days |
| Personal visit | Not Required. Opens accounts for mainland, free zone and offshore companies. |
| Bank Name | Abu Dhabi Islamic Bank |
|---|---|
| Initial required deposit | Zero balance account available with AED 125 per month fee. |
| Timeframe (average) | 10-15 working days |
| Personal visit | Required. Opens accounts for mainland, free zone and offshore companies. |
Frequently Asked Questions About Opening Freezone Company Bank Account.
No its Not possible to Account any Business Bank account remotely with UAE banks.
Its a requirement of Central Bank that you have to be present physically while opening your Freezone Bank Account.
Well it is possible to have debit cards with most of UAE banks while you open Business Bank Account with them, however in order to get credit card you have to deposit some amount with bank, furthermore in regards to Business Loans yes it only possible if your company is 1 year old and you have got good turn over by showing company operations profits audit reports etc.
We try our level best but we highly recommend to setup your company through us so that we will set it up in way that it will be easy to open your bank account since there are few business activities due to which banks take longer time in order to open you company account.
There are lot of factors banks consider before opening your account so its impossible for anyone to Guarantee you about your account opening since the approval of account fully depends on the bank.
Each case goes to few departments of the bank where it has to be approved before the account gets opened.
If the bank has any questions or needs clarifications, it will contact you directly with the inquiries.
The more clear picture about your business you give to the bank, the higher your chances of account opening are.
Since We have assisted lot of freezone companies in opening Business Bank Accounts so we have enough experience about documentation and requirement so prepare your account application in a way that it makes smooth and fast for your business account opening.
The process varies by financial service provider (FSP), as each has its own internal procedures and timeframe for account opening. However, opening a corporate account generally takes approximately 4 to 6 weeks.
Yes, Emirates ID of authorized signatory(s) of the company is a mandatory requirement for the account opening.
Most local financial service providers (FSP) in the UAE require a minimum balance to be maintained, which varies depending on the FSP. Generally, corporates must maintain a minimum balance of AED 10,000 to AED 500,000. However, zero balance facilities are also offered with a minimum account maintenance fee.
Yes, you can start the process of opening your account remotely. However, you may require to be present in UAE depending on your chosen financial service provider (FSP) to fulfil the verification requirements.
For digital FSP, the onboarding process is entirely online compared to the traditional FSP.
A virtual account (VA) or a Virtual IBAN account is an IBAN reference issued by a bank to allow incoming payments to be
directed to a physical bank account. Using a virtual account, you can send and receive money worldwide.
The IBAN should generally be received within five working days after the application is submitted and approved.
The funds will go directly to the master account registered for the Virtual Account. With this master IBAN account, companies can create and allocate a segregated virtual IBAN account to each of their customers to send and receive payments.
Yes, you receive the virtual IBAN under your company name.
Yes, you receive the virtual IBAN under your company name.
Yes, it supports SWIFT transfers in multiple currencies, both inbound and outbound.
The advantages of outsourcing your banking requirements to AB Capital Services
Banking Solutions in Dubai and the UAE stand out favourably when compared to other countries. The banks in Dubai and across the Emirates distinguish themselves through low tariffs on banking services, a user-friendly reporting system, high-quality services with competitive charges, and unwavering loyalty to clients. Almost all banks in Dubai and the UAE offer an effective level of service, providing convenient distant access through internet and telephone banking systems. This makes opening a bank account in Dubai a highly prominent and cost-efficient option.
As part of our Business Support Services, AB Capital Services specializes in facilitating bank account openings in Dubai. We have established strong alliances with major banks in the UAE, boasting an impressive track record of serving our clients. To ensure a seamless process, we arrange a meeting between our client and the banker. The banker, after reviewing the client’s profile, explains the bank’s requirements. We are committed to ensuring that our clients have the best possible experience.
In the current landscape, opening a bank account has become increasingly time-consuming and cumbersome. Ascentia addresses this challenge by providing a comprehensive suite of services related to banking and bank account management. Leveraging our extensive network, Ascentia can assist with your banking requirements both within and outside the UAE.
Key Benefits
Bank account opening
Streamlining the process for opening a bank account in Dubai.
Bank account opening
Streamlining the process for opening a bank account in Dubai.
Account management
Efficiently managing and overseeing your bank accounts.
Account management
Efficiently managing and overseeing your bank accounts.
Banking compliance management
Ensuring compliance with banking regulations and standards.
Banking compliance management
Ensuring compliance with banking regulations and standards.
Open Dubai bank account, personal for UAE residents
Tailored solutions for UAE residents seeking personal accounts.
Open Dubai bank account, personal for UAE residents
Tailored solutions for UAE residents seeking personal accounts.
Bank account opening in Dubai for non-UAE companies
Facilitating the process for non-UAE companies to open bank accounts.
Bank account opening in Dubai for non-UAE companies
Facilitating the process for non-UAE companies to open bank accounts.
Offshore bank account
Assisting with the Starting of offshore bank accounts.
Offshore bank account
Assisting with the Starting of offshore bank accounts.
4 Simple Steps
to start a business in Dubai
Conduct a primary review based on business activity and ownership
Submit an application to the most suitable bank.
Undergo a compliance review by the bank.
Complete the process with account activation, cheque book issuance, and debit card issuance.
Ready to Take Your Business to New Heights?
Get a free consultation right away if you’re seeking for the top team of chartered accountants to outsource accounting services in Dubai.
Frequently Asked Questions
The ideal account type depends on your business size, needs, and activity. Options include:
- Current Account: For everyday transactions and cash flow management.
- Savings Account: Earn interest on surplus funds.
- Business Loan Account: Manage loaned funds and repayments.
- Payroll Account: Streamline salary payments and employee benefits.
- Escrow Account: Securely hold funds for specific purposes, like project completion.
Key differences include:
- Fees: Compare monthly charges, transaction fees, and minimum balance requirements.
- Interest rates: Consider rates offered on savings accounts and loan products.
- Digital banking: Evaluate online and mobile banking features for convenience.
- Branch network: Assess accessibility and service quality of physical branches.
- International reach: Evaluate if you need cross-border banking capabilities.
Yes, many banks offer non-resident accounts. Requirements might vary based on nationality and purpose of the account.
Generally, you’ll need:
- Valid passport and UAE visa.
- Proof of address (residence permit or utility bill). Reference letter from your home bank.
- Minimum initial deposit (amount varies by bank).
To expedite transactions and prevent delays:
- Provide accurate and complete documentation during account opening.
- Maintain sufficient funds to avoid insufficient balance fees.
- Understand transaction limits and inform the bank of large transfers beforehand.
- Utilize online banking features for convenient and real-time transactions.
- Communicate clearly with your bank representative for any queries or issues.
Following these steps can contribute to a smoother banking experience.
As of now, there is no personal income tax in the UAE. However, corporate accounts might be subject to corporate tax starting in June 2023. It’s crucial to consult a tax advisor for personalized guidance based on your individual circumstances and tax residency status.