Bank Account Opening in UAE
Whether you are looking to buy or sell companies in UAE, perform online transactions that involve buying and selling of raw materials or finished goods, or carry out other necessary financial operations, you need to open a bank account in Dubai. This will help you manage all your transactions with ease, including secure transfers of money, access to credit facilities, and convenient card options like debit or credit cards.
A bank account in UAE, supported by robust banking services, can not only help you manage your resources effectively but also enable better planning for business growth in the most productive manner. Leading banks offer a range of products such as multi-currency accounts, advanced mobile apps for seamless online management, and high-level security features to protect your funds.
UAE boasts one of the most extensive and reliable banking systems in the world, with strong emphasis on security, low fee structures for many services, and easy linking to digital platforms. With the support of a professional business consultancy, you can meet the requirements for bank account opening—including necessary documentation and minimum balances—and open an account with one of the leading banks. This allows you to very easily manage the finances of your business through innovative banking services, user-friendly apps, and comprehensive products.
FAK Consultant services for Bank Account in Dubai
Do you need assistance in opening a bank account for your business in Dubai or anywhere in the UAE? We’ve got you covered with hassle-free corporate solutions, including checking and savings options for seamless deposit management, easy access to funds, and tailored investment opportunities. The UAE boasts a world-class banking system renowned for exceptional service, and FAK specializes in Dubai company formation (Inc. setups) alongside bank account assistance across the region. Many business owners are unfamiliar with domestic and international options, such as those from leading institutions like Wells Fargo (a member FDIC with global reach for corporate needs) or Bank of America through Merrill for wealth management; FAK’s expert team guides you in selecting the ideal bank to match your requirements, including maintaining accounts long-term. With our comprehensive services, we’ve supported numerous entrepreneurs, saving valuable time while delivering complete support for account opening and ongoing management.
Benefits you will get when you choose to open a bank account in Dubai
- You will get a safer and reliable banking service
- Your account will be confidential
- Your account will require low maintenance cost
- You will be able to take advantage of online banking services
- You will be able to deposit and withdraw money easily
As a business owner, you can’t get enough benefits from the advanced banking services in Dubai, including attractive rewards programs, efficient management tools for your financial goals, competitive fees, and comprehensive options like insurance coverage. To open a non-residential bank account in the UAE—ideal for international corporation setups or those operating from a home base abroad—you’ll need to follow established procedures and best practices to verify your identity, submit required documents (such as passports, proof of address, and company details), and communicate clearly via message or in-person with bank executives. We guide you through this entire process, ensuring seamless compliance and helping you secure the optimal services from leading institutions like those affiliated with Bancorp structures, so you maximize the advantages of UAE banking for your business.
Following are the list of documents required for opening different types of bank account in Dubai – UAE.
Corporate Bank Account Opening for UAE Resident Sole Proprietorship Co.
- Trade License
- Partnership Agreement
- Passport copy of all partners
- Power of Attorney if account is opened and operated by the Power of Attorney holder.
- POA
The POA should be a notarized document issued by the court. A Manager of a company can appoint a POA holder provided his name appears on the Trade License and Partnership Agreement. If the Manager’s name is not mentioned on the Trade License then all partners can appoint a Manager through a Board Resolution and the Manager can in turn appoint a POA holder if he has the authority to sub-delegate his powers. POA holder can only open an account if he is empowered do so.
Corporate Account for UAE Resident Limited Liability Company (LLC)
- Trade License (3 Pages)
- Memorandum of Association
- Passport copy of the authorized signatory (ies) with visa page/Entry Stamp page.
- Passport copy of the Local Emirati Sponsor with idbara page
- Chamber of Commerce Certificate copy
- Power of Attorney if account is opened and operated by the Power of Attorney holder.
- POA
The POA should be a notarized document issued by the court. The Manager of a company can appoint a POA holder provided his name appears on the Trade License and the Memorandum and Articles of Association. If the name is not there then a Manager can be appointed through a Board Resolution. Once this is done then the Manager can appoint a POA holder, provided he is empowered to do so. The POA holder can only open the account if he is empowered to do so.
Corporate Bank Account Opening for FOREIGN COMPANY
- Certificate Of Incorporation
- Memorandum and Article of Association
- Passport copies of all the partners (Original passport will be seen of the signatory only)
- Share Certificate, In case share percentage is not mentioned in MOA or AOA
- Passport Copy of the ultimate beneficiary (If any)
- In case of Corporate shareholdings structure, shareholder company`s documents will also be required after legal, notary and MOFA stamping
- Company structure tree diagram on Company Letterhead
- CV of all the partners
- Company profile or business profile
- Any other document to verify the record, bank may request for
Note all documents required to be attested and notarized by the nearest UAE Embassy / Consulate from the country of origin and Ministry of Foreign Affairs in UAE. We can assist you for this process.
Corporate Bank Account Opening for UAE OFFSHORE COMPANY (RAK IC, JAFZA & AFZA)
- Certificate Of Incorporation
- Memorandum and Article of Association
- Passport copies of the shareholder(s) (Original passport will be seen of the signatory only)
- Share Certificate, Incase share percentage is not mentioned in MOA or AOA
- Passport Copy of the ultimate beneficiary (If any)
- Signing authority’s passport entry stamp page when he came last time in UAE (OR) Visa Copy if he is resident of Dubai
- In case of Corporate shareholdings structure, shareholder company`s documents will also be required after legal, notary and MOFA stamping.
- Company structure tree diagram on Company Letterhead
- CV of all the partners
- Company profile or business profile
- Board Resolution/Power of Attorney in favour of the Authoriesd Signatory in order to open, operate and close bank account in the name of the company. (If required)
- Any other document to verify the record, bank may request for.
Corporate Account for UAE Free Zone COMPANY
- Incorporation Certificate or Trade License
- Share Certificate, In case share percentage is not mentioned in MOA or AOA
- Passport Copies for all partners, if any, signed by the signatory (Original passport will be seen of the signatory only )
- Memorandum and Article of Association
- Board Resolution if any
In case any change or amendment in the original documents of the company, same will be notarized and attested by that respective free zone.
Corporate Bank Account Opening for BRITISH VIRGIN ISLANDS (BVI )OR FOREIGN OFFSHORE COMPANY
- Memorandum & Articles of Association
- Certificate of Incorporation
- Board Resolution/Power of Attorney in favour of the Authorized Signatory in order to open, operate and close bank account in the name of the company
- Passport copy of shareholders as well as of the signing authority if any
- Latest three months bank statement for the signing authority
- Share certificate of the company if any
Note all documents required to be attested and notarized by the nearest UAE Embassy / Consulate from the country of origin and Ministry of Foreign Affairs in UAE. We can assist you for this process.
Non-Resident Personal Bank Account Opening Process
- Passport copy with entry page
- 6 months bank statement from the home country
- Bank Reference letter
- Utility bill
- OR
- Maintain An average balance of AED 200,000
Please note that the bank reserves the right to ask for additional information in line with the international practice of meeting the required compliance regulations and adequately establishing the “Know Your Customer” principle.
Non-Resident Personal Bank Account Opening Process
The following is a list of Dubai banks:
- Arab Bank UAE
- BNP Paribas
- Bank Reference letter
- Commercial Bank International UAE
- Commercial Bank of Dubai
- Dubai Bank
- Dubai Islamic Bank
- Emirates Islamic Bank
- Emirates NBD
- First Gulf Bank
- HSBC Dubai
- Invest Bank
- Mashreq
- Union National Bank
- United Arab Bank
How to Open a Bank Account in UAE
Managing finances is now easier than ever with online bank account opening options in the UAE. Banks are increasingly offering seamless digital solutions where customers can open accounts from home without visiting a branch. Whether you’re looking for a zero balance account opening online UAE, a salary account in UAE, or even a savings account UAE, you can complete the process in just a few minutes.
The best part is that many banks also provide a free bank account in UAE, which comes without hidden charges. This flexibility is especially beneficial for new residents, employees, or freelancers who need quick access to banking services.
Key Advantages of Opening a Bank Account Online in UAE
Choosing an online bank account opening option comes with multiple advantages:
Zero Balance Accounts – With online bank account opening with zero balance in UAE, you don’t need to maintain a minimum balance. This is ideal for students, freelancers, and low-income earners.
Salary Accounts in UAE – Most employers prefer transferring salaries directly into a salary account in UAE. Opening such accounts online saves time and ensures smooth monthly transactions.
Free Banking Options – Many banks provide a free bank account in UAE, with no maintenance fees or unnecessary charges.
Savings Accounts – If you want to save and earn profits, a savings account UAE can also be opened online with attractive interest rates.
FAQS
Can I open a zero balance account online in UAE?
Yes, many banks allow online bank account opening with zero balance in UAE, perfect for those who don’t want to maintain a minimum balance.
What documents are required for online bank account opening?
Typically, you’ll need your Emirates ID, passport, residence visa, and proof of address. Some banks may also ask for your salary certificate.
Is there any free bank account option in UAE?
Yes, you can find a free bank account in UAE that has no maintenance charges and is easy to open online.
Can I open a salary account online in UAE?
Yes, most banks allow opening a salary account in UAE online, provided you have a valid job contract and salary transfer letter.
