Hassle free corporate banking support
Once your business is active, you will need a corporate bank account to manage activities, send and receive money, and make financial payments. This requires you to open a business bank account in Dubai as part of the setup process to avoid any unnecessary delays.
However, there is a lot of documentation and organisation required to open a corporate bank account in Dubai and the UAE. Banking compliance regulations are stricter than in many other countries, and the entire process can be slowed down if a single piece of information is overlooked, which is far from ideal if you need to get set up quickly.
Start Business Advisory offers a full corporate bank account opening service in Dubai that makes the process much more convenient. Our team will advise you about relevant and current compliance requirements, ensure all the relevant documentation is in place, and can also manage the entire application procedure from start to finish, keeping you updated every step of the way.
What Our Services Offers?
Start Business Advisory offers a full corporate bank account opening service. This takes the hassle out of the process to make it much more convenient. Our team will advise you about relevant compliance measures. They will also ensure all relevant documentation is in place and can manage the entire application procedure from start to finish, keeping you updated every step of the way.
- How We Work
Getting you the best advise
Based on your business and available funds, we’ll recommend the most suitable account to open.
Bear in mind each bank may have its own specific criteria and processes for conducting an account review.
Saving you precious time
We help you provide the bank with specific information based on their requests. Every bank has its own compliance process and requirements, which means additional documents may be needed.
You must also provide video verification while uploading the Emirates ID and the signature (on white paper).
Doing the admin for you
You can submit your documentation in person or through a secure document-sharing method, such as encrypted email. Our team will review the collected documents to ensure they are complete, accurate, and fully compliant with the bank’s requirements.
Once all the documents are verified and in order, we will submit them to the chosen bank on behalf of your business. The approval process will take 10 working days
Being your support
If the bank approves the account, you will be invited to a meeting at their main branch. This requires you to present business incorporation documents (within the UAE) and sign relevant banking documentation.
A key requirement for opening a corporate account in Dubai is that you must maintain a minimum bank balance. The amount varies depending on the bank’s requirements and other factors determined by the organisation. The Start team will provide ongoing support to answer any queries you have about the process
- Frequently asked questions
It usually takes approximately 3 weeks to open a corporate bank account in Dubai.
Yes. However, please bear in mind that you must be present for the in-person meeting with the bank and to receive the relevant documentation.
In most cases, you will receive a chequebook and debit care within 5 working days of opening a corporate account in Dubai.
To open a business bank account in Dubai, you can apply directly to the bank of your choice or through experienced companies like Start Business Advisory. Many company directors prefer to use services like our own as it can make the process faster and easier to complete.
To open a business account in Dubai, you will need to provide a wide variety of information, such as business setup documentation, bank statements, audited company accounts and much more. You can find the full list of requirements further down this page