Bank accounts for UAE companies

Bank accounts for UAE companies

Bank account is essential for company activity. With our help, opening an account in UAE financial institution is quick and easy. We work with several big banks in UAE and always look out for the latest developments in the banking sector. We fill out all bank forms and questionnaire so that you do not have to. If banks in UAE are not enough for you, we may suggest other options. Get in touch with us for more information.

Advantages of the UAE banks
Nowadays, many offshore jurisdictions are under the pressure of the most powerful countries in the world. Today, even Swiss banks cannot provide 100% confidentiality of information about their clients.

On this background, the banking institutions of the United Arab Emirates serve as the best alternative. The UAE banks enjoy strong economic performances as well as independence from international financial institutions, and therefore become more popular among foreign investors and business owners.

Key advantages of the UAE banks:

• No currency exchange control by the state;
• Stable and robust economy;
• Modern and reliable banking system.

One figure cost

No hidden fees. You provide a single payment that covers all expenses, we take care of the rest.

One stop shop

Company formation plus virtual office plus banking plus professional business advice.

Speed and superb customer service

Hundreds of satisfied customers can attest to our professionalism.

Remote procedure available

You do not have to travel if you don’t want to. The process can be carried out remotely.

Burden is ours

We take care of all the formalities and prepare all documents necessary to start a business.

Do you wish to start the procedure?

Just drop us an email or give us a call and we will send you short list of information that we need. After you provide it to us you can come anytime to proceed with the formalities.

Corporate Bank Accounts in United Arab Emirates

Opening a corporate bank account is a critical step after forming or acquiring a company in United Arab Emirates. ShelfCompanies24 has established strong relationships with major UAE banks and assists clients with the entire account opening process.

Major Banks in United Arab Emirates

We work with the following banks and financial institutions in United Arab Emirates:

• Emirates NBD, ADCB, FAB, Mashreq, RAK Bank, ENBD

AED pegged to USD. Major international banks present. Growing fintech hub.

Account Opening Process

1. Bank selection — Based on your business type, expected transaction volume, and currency requirements, we recommend the most suitable bank.
2. Document preparation — We help prepare all required documentation including corporate documents, business plan summary, and compliance materials.
3. Application submission — We submit the account application to the selected bank on your behalf.
4. Compliance review — The bank conducts its KYC/AML due diligence checks.
5. Account activation — Once approved, you receive account details, online banking credentials, and payment cards.

Required Documents

• Certificate of incorporation
• Articles of association
• Register of directors and shareholders
• Passport copies of all directors and beneficial owners
• Proof of address for all directors and beneficial owners
• Description of business activities and expected turnover
• Source of funds documentation

Account Features

Feature	Details
Currency	AED (UAE Dirham, pegged to USD) + multi-currency options available
Online Banking	Available with most banks
Debit/Credit Cards	Corporate cards available
SEPA Transfers	United Arab Emirates banks support SEPA payments
International Transfers	SWIFT transfers worldwide

For assistance with opening a corporate bank account in United Arab Emirates, please contact our consultants.

Related Services in United Arab Emirates

• Overview of United Arab Emirates — Shelf Companies & Company Formation
• Company Formation in United Arab Emirates
• Ready-Made Shelf Companies in United Arab Emirates

Frequently Asked Questions

Which banks can I open an account with in United Arab Emirates?

We work with major banks in United Arab Emirates including Emirates NBD, ADCB, FAB, Mashreq, RAK Bank, ENBD. We recommend the best bank based on your business needs.

Can I open a bank account in United Arab Emirates remotely?

Remote account opening depends on the bank’s policy. Some UAE banks allow remote opening while others require a personal visit. Our team advises on the best approach.

What documents are needed to open a corporate bank account in United Arab Emirates?

You will need the company’s incorporation documents, passports and proof of address for directors and beneficial owners, and a description of business activities.

How long does it take to open a business bank account in United Arab Emirates?

The account opening process in United Arab Emirates typically takes 1-4 weeks depending on the bank and the complexity of the corporate structure.