Corporate banking in the UAE is governed by the Central Bank of the UAE and the due diligence duties in Federal Decree-Law No. 20 of 2018, which is why an account application stalls so many setups. We prepare the file and introduce you to the bank whose risk appetite fits your business.
Frequently asked questions
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How long does it take to open a corporate bank account?
From a complete, well-presented file it usually takes two to six weeks, depending on the bank and the business profile. Weak documentation or an unclear activity is the most common cause of delay, which is exactly what we prepare against.
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Can I open a UAE bank account remotely?
Most UAE banks still want the signatory to attend at least once, though some free zone and digital options are more flexible. We tell you honestly which banks suit a non-resident owner before you choose a structure.
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What documents does the bank need?
Typically the trade licence, shareholder and passport documents, proof of address, and evidence of the business such as contracts or invoices. Requirements vary by bank, and we assemble the exact set the chosen bank asks for.
Sources
- Central Bank of the UAE centralbank.ae
- UAE Government, doing business in the UAE u.ae
Get started with Corporate Banking
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