Intelligent Solution Group > Services > Corporate account in the UAE

Corporate account in the UAE

Open a business bank account in Dubai to gain access to the international banking system, with favourable tax conditions, financial stability and the opportunity to conduct business effectively in one of the world’s leading economic hubs.

Price: depending on the bank chosen

It takes between 2 and 3 months to open a corporate account in Dubai.

The benefits of opening a corporate bank account in the UAE

the stability and reliability of the UAE’s financial and banking systems;

the free movement of capital;

the confidentiality of account holder data;

stability of the national currency;

low bank transfer fees;

convenient online banking.

What are the requirements set by UAE banks for opening an account

Opening a bank account in the UAE on your own is quite difficult, as the strict KYC and AML procedures, along with compliance requirements, take time and require specialist knowledge.

1

The company must be registered in the UAE, either on the mainland or in one of the free zones.
2

Submission of a business plan or evidence of existing operational activities (contracts, invoices, etc.).
3

The main beneficiaries of the entity must hold a residence permit or a resident visa in the UAE, or be willing to apply for one.

4

Banks require detailed information regarding the origin of funds and confirmation of the legitimacy of income sources.
5

A comprehensive check of the company and its beneficial owners for sanctions, criminal records or other risks.
6

The existence of an office in the UAE or evidence of genuine business operations within the country.

These requirements apply to all banks in the UAE, but may vary depending on the specific financial institution.

Leave your contact details. Our specialist will contact you within 30 minutes and advise you on your question.

Alla Head of Sales Department

Book a consultation! Choose a time and date that suits you.

Steps for opening a corporate bank account in Dubai

We gather the documents and send them to the bank for pre-approval.

We assist with completing the client questionnaire and collect copies of the documents that need to be provided.

We are submitting the documents to the bank and awaiting approval.

We will assist you in your discussions with bank staff.

Open an account with a financial institution.

If necessary, we can help you set up your online banking and make payments.

Additional services

paid separately

SWIFT connection;
company registration in the UAE;
accounting services in the UAE;
obtaining an Emirates ID;
opening an account with a payment service provider licensed in the UAE;
verification of the source of funds;
compliance checks;
recovery of funds from frozen accounts.

How much does it cost to open a corporate bank account in the UAE?

The cost of opening a corporate bank account in the UAE depends on several factors, including the chosen bank, the type of company, the scope of services provided, and the complexity of the compliance checks. We assess each case individually and select the optimal solution based on your business objectives. For an accurate cost estimate, we recommend contacting our specialists, who will advise you in detail on all matters.

How long does it take and what are the steps involved in obtaining a resident visa for the main beneficiaries, if this is required to open an account?

The processing time for a resident visa depends on the chosen registration area and individual circumstances, but on average the process takes between 2 and 6 weeks. We work with trusted partners and can assist with your visa application so that you can meet the banks’ residency requirements as quickly as possible and proceed with the account opening process.

What banking services and tools are available after opening an account, apart from online banking?

After opening a corporate account with a Dubai bank, clients gain access not only to convenient online banking, but also to services such as the issuance of corporate debit and credit cards, international SWIFT transfers, credit lines (depending on the bank), integration with accounting systems and currency exchange. We will help you set up all the necessary services to suit your business needs.

Cases:

CASE: How to recover frozen $600,000

The client faced a problem with frozen funds in the account of his international company. The bank where the account was held was in the process of liquidation and froze all funds while starting an audit of its clients.

CASE: Forgotten $400,000

Our client decided to completely liquidate his company, established about 10 years ago in Latvia. During the liquidation process and communication with the bank, we discovered that the client had $400,000 in the account for several years — money everyone had forgotten about.