Bank Account Opening

If you want to do business in Dubai you will have to open your business bank account opening in Dubai. By opening a business bank account you would be able to facilitate your money transactions.
Most business owners or investors want to enter a profitable Middle Eastern market as dubai holds strategic locations, well-built financial infrastructure, and pro-business legalization making it an appealing destination for individuals searching for international commercial prospects.
If you do not get complete help for your bank account opening then it might create some difficulties. We Arab Business Consultancy are here to give you the service of opening your bank account and to guide you in each step.

Documents that are needed for bank account opening

These are the required documents that you have to submit to open your bank account.

Company Certificate of Registration

Original passport copies of all directors and shareholders (with visa pages if required)

A copy of a valid trade license

Emirates ID copies of all directors and shareholders (if required)

A copy of the Article of Association (AOA) and Memorandum of Association (MOA)

Utility bills for business addresses ( electricity or water)

A copy of the company lease agreement or the tenancy contract

Add on documents ( specificity by bank)

How to open company bank account

Here are the key steps you need to follow for opening your bank account as follows:

01

Research and select a bank

Do proper research on Dubai banks and the offers they are giving out for business accounts. Do look at factors such as account features, balance requirements, fees, and internet banking options.

02

Collect the documents

Make sure that you have all the required documentation for your company, signatories, shareholders, and a prof address.

03

Either visit Dubai or go for remote account opening services

According to the bank policies you might have to visit Dubai in person for opening the bank account. To open a corporate bank account you might have to visit Dubai as it is a mandatory step.

04

Submit your bank form

Finish your bank account opening application form. Give out the correct information about business owners and businesses.

05

Step 5 - Verification and Assiduity

The bank will perform assiduity checks on the company and whether the owner complies with the anti-money laundering (AML) and know-your-customer (KYC) regulations. This might include verification of your documents, confirmation of the source of funds, and background checks.

06

Account Activation

After it gets approved, the bank will inform you and give instructions for operating your account. This might include transferring of initial deposit for reaching to minimum balance requirements.

Bank account opening in Dubai

Wide range of benefits of bank account opening in Dubai
  • Tax benefits
  • Simple business process
  • Competitive major currencies exchange rate
  • Security and flexibility
  • Investment options
  • Enhances business reputation
  • Flexible banking
  • Efficient business banking
  • Convenient banking experience
  • Flexibility to customers
  • Exciting offers
  • Attractive investment scheme
Leading banks in Dubai

Below we have mentioned the list of eminent banks in Dubai.

  • Abu Dhabi Commercial Bank (ADCB)
  • Emirates NBD
  • Mashreq Bank
  • First Abu Dhabi Bank (FAB)
  • Dubai Islamic Bank
  • Standard Chartered Dubai
Different types of bank accounts in Dubai

Here we have mentioned different kinds of bank accounts that are there in Dubai.

  • Savings accounts
  • Current accounts
  • Business accounts
  • Offshore accounts
  • Investment accounts

Why choose Arab Business Consultant for your opening your bank account in Dubai

Choosing an Arab Business Consultant for your bank account opening in Dubai is a smart move as we have a team of experts who hold deep knowledge and firm relationships with the banks to ensure a smoother experience and a well-organized account opening process.

The exclusive benefits you will get as our team has fluency in English and Arabic, and we know how to handle the communications do the documentation, and cut out any language barrier. The cultural understanding and valuation of local norms for easing up the productive interactions with the bank organizations.

We aim to give out customized flexible banking solutions and convenient banking services that perfectly cover your specific needs, giving out comprehensive banking solutions and support from the initial paperwork to later assistance work. we are known for giving out an excellent customer service.