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If you plan to conduct business in the UAE, opening a corporate bank account is essential, as UAE law prohibits business transactions through personal accounts.
Typically, corporate accounts should be current accounts to manage high transaction volumes effectively. The process of opening a corporate bank account in the UAE usually takes between two to four weeks. However, the requirements can vary significantly across different banks, making it challenging to find reliable information and the right banking partner. With the right expertise and support, this process can be smooth and straightforward. At EMARAH CORPORATE SERVICES, we are here to assist you with all your banking needs.
- In-person application: You'll need to be physically present to meet the bank representative, sign the application form, and submit the necessary documents.
- Online application: If you are outside the UAE, you can start the account opening process online. Your presence will still be required through a phone call or online meeting. After approval, you must visit the UAE to sign the account opening form.
Client assessment
Our team will evaluate your company’s activities, operations, expected annual turnover, and initial funds. Based on this assessment, we will recommend the most suitable bank for your business.
Liaising with the bank
If the bank requests additional information or procedures, we will coordinate with them and assist you in fulfilling these requirements. If you are unavailable to meet the Contact Point Verification Agent, our team can act as your representative.
Documentation
We will assist you in collecting, preparing and submitting the required documents to the Bank.
- Valid Trade License
- Certificate of Incorporation
- Memorandum and Articles of Association
- Shareholder Information
- Board Resolution
- Proof of Address
- Company Profile
- Passport Copies of Directors and Signatories
- Bank Reference Letters (if required)
Choose the right bank
Gather Required Documents
Submit Application
Initial Bank Review
Compliance Check
Account Approval
Initial Deposit (if required)
