Opening a Corporate Bank Account in the UAE

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Opening a bank account in the UAE can be challenging due to strict requirements and lengthy procedures. Our team is here to facilitate this process for you. Not only will we prepare the necessary documents but we will also leverage our strong partnerships with leading banks in the UAE to ensure the most efficient and expedited account opening process. Our close collaboration with banks enables us to better understand their requirements and optimize the document submission process. If, despite our efforts, the account is not opened within the specified timeframe, we guarantee a refund of our service fees.

Documents required to open a corporate bank account:

• Trade License
• Memorandum of Association (MOA)
• Office Lease Agreement (Ejari) – for trading companies // Ejari for owners+ Lease Agreement – for service companies.
• Personal documents of the founders (foreign passport and Emirates ID)
• Resumes of the owners (CV)
• Description of the company’s activities (1-2 pages)
• Company Business plan (1-2 pages) including 3 potential clients and 3 potential suppliers (indicating the country and website)
• Company website
• Additional documents confirming serious intentions to conduct business in accordance with the license (contracts or MOUs with future counterparties, developments, prototypes, etc.)
• Statements from the founders’ personal accounts for the past 6 months (non-sanctioned banks)
• Statements from corporate accounts of the owner’s related businesses or company bank statements from other banks (if any)
• Company seal

Procedure:

• Normally, the account opening process takes from 1 week to 2 months, depending on the type of activity specified in the company’s license and the bank chosen by us.
• If the account is not opened within a certain period of time, we will refund you for our services.