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UAE Bank Account

Current economic stability of the UAE is very favorable for its financial institutions. Its highly-developed financial system complies with the modern standards and customer requirements. Due to this, UAE financial institutions have been recognized worldwide and gained a perfect reputation in respect to the services they provide.

Current economic stability of the UAE is very favorable for its financial institutions. Its highly-developed financial system complies with the modern standards and customer requirements. Due to this, UAE financial institutions have been recognized worldwide and gained a perfect reputation in respect to the services they provide.

Current economic stability of the UAE is very favorable for its financial institutions. Its highly-developed financial system complies with the modern standards and customer requirements. Due to this, UAE financial institutions have been recognized worldwide and gained a perfect reputation in respect to the services they provide. More and more business people are interested in opening a bank account in UAE, both their personal and corporate accounts, so that securing their monetary assets. In its turn, more and more internationals banks try to open their branches and develop financial activity on the territory of economically stable UAE. All the above mentioned positive facts increase potential interest of international investors and business owners to keep their companies' capital in the UAE banks what became kind of prestige.

It is important to mention that the procedure of UAE bank account opening for corporate use differs from bank to bank. Opening a bank account in UAE requires some time in order to finish all mandatory stages of the application and registration. The best solution to save your valuable personal and business time is to consult experienced professionals who went through this process many times. However, in order to have a general idea about the procedure itself, please read the following information.

Bank Account in UAE – presence requirements

According to legal rules of the financial institutions of the United Arab Emirates, it is mandatory for the company investors to be personally present during application for new UAE bank account. Otherwise, the procedure will be considered illegal and business-management of corporate assets can be blocked. However, there is an alternative how to make the process legal without applicant's visit to UAE – bank representative can meet an applicant on his territory. Also, it is possible to open bank account in UAE if the investor visits any official branch of the bank even outside the UAE. Original signature of the documents and personal identity verification are mandatory requirements which allow company-applicant to open a corporate bank account in UAE.

Opening Bank Account in UAE for foreign company

It is allowed to open bank account in UAE for the company registered outside the country, regardless either it is offshore or onshore company; however, all the constituent documents should be legalized. The procedure of UAE bank account opening is quite expensive and requires certification of the documents by the consulate of UAE in your country, and later on by the Ministry of Foreign Affairs of the UAE.

UAE Bank Account – checkbook

Using checks is quite common for modern financial system of the UAE. It is convenient and at the same time secure mean of payments for individuals and companies as well. However, in order to receive a checkbook for corporate account of the company, its investor should be UAE resident. Also, it is important to remember that all financial operations with checks are subject to the rules of the bank system and are regulated according to UAE legislation.

Bank Account in UAE - debit card and online banking for corporate use

Opening a bank account in UAE bank gives you an opportunity to receive a debit card. It is classic and convenient tool for any financial operations. Its holder can make payments through payment terminals as well as withdraw money from the ATM machines. Terms and conditions of debit card use directly depend on its type.

Those who are interested in UAE bank account are usually interested in online banking option as well. Nowadays, in modern business world, it is irreplaceable tool of managing monetary assets from anywhere in the world what facilitates financial transactions. Especially it is very important for those companies who have international activity and need to transfer money funds from one account to another internationally. Moreover, it is important to mention that online systems of UAE banks are highly secured and protect its customers from frauds. So, one of the main benefits of online banking is that while you open bank account in UAE, you can have full control over your assets from anywhere in the world.

Required documents to open bank account in UAE

In order to open bank account in UAE the following documents are required:

  • Documents' registration  for the company – License
  • Identity Card (can be Emirates ID)
  • Passport Copy of the shareholder with visa
  • Copy of main passport pages of the Managing Director (in case MD is not a shareholder of the company)

Our professionals provide full service of UAE bank account opening, both for individual and corporate needs. If you would like to get more detailed information, please send us your online request or call us by phone/Skype.

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You can get more detailed information about prices and terms simply by submitting online query
What Company do You require?
Free Zone Company
  • 100% ownership
  • 100% tax free
  • UAE residency for investors and their families
  • activities outside freezone to be performed through agents
Company with local partner
  • 49% maximum share of founder
  • 51% minimum share of local partner
  • 100% ownership
  • UAE residency for investors and their families
  • no territorial restriction
  • eligible for government tenders
Offshore Company
  • 100% ownership
  • 100% tax free
  • no audit requirements
  • UAE bank account
  • worldwide activity except UAE
  • UAE resident visa is not provided
  • best solution for international business
I am not Sure

If you are not aware of the specificity of a business in the United Arab Emirates and you are in doubt which company to choose to establish (offshore/onshore) our well qualified specialists will guide you and provide with an appropriate information based on requirements given by you below.

What Bank Account do You require?
UAE Bank Account For Private Usage
  • Bank Slection according applicant reqirements
  • Issuance of Debit card
  • Access to Online banking
  • Minimun Ballance Required
UAE Bank Account For Business
  • Bank Slection according Business reqirements
  • Issuance of Debit card
  • Issuance of Credit card
  • Issuance of Cheque Book
  • Access to Online banking
  • Minimun Ballance Required
  • Professional Advisor support
UAE Bank Account For Offshore Company
  • Professional Advisor support
  • Issuance of Debit card
  • Issuance of Credit card
  • Access to Online banking
  • Minimun Ballance Required
Bank Account in European Bank
  • Opening with Partner Banks
  • Issuance of Debit card
  • Issuance of Credit card
  • Access to Online banking
  • Minimun Ballance Required
What type of visa do you need?
UAE Residency Visa
  • Live in Dubai
  • UAE resident visa for 3 years
  • UAE residency for family members
UAE Tourist Visa for 14 days
  • from USD 160
  • for 14 days
  • without deposit
  • independent of airlines
  • hotel reservation is not required
  • urgent VIP visa for 24 hours
UAE Tourist Visa for 1 month
  • from USD 180
  • for 1 month
  • without deposit
  • independent of airlines
  • hotel reservation is not required
  • urgent VIP visa for 24 hours
UAE Tourist Visa for 3 month
  • from USD 680
  • for 3 month
  • without deposit
  • independent of airlines
  • hotel reservation is not required
  • urgent VIP visa for 24 hours
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