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Business Bank Account Opening Service
Setting up a business bank account in Dubai is an essential step for any company operating in the UAE. However, navigating local banking rules, document requirements, and compliance checks can be time-consuming without the right support.
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Banks We Partner With
How to Open a Business Bank Account in Dubai
Preparing Key Documents
Banks in Dubai require specific documents to verify your business and shareholders. Common documents include your trade license, Emirates ID (if available), passport copies, Memorandum of Association (MOA), and tenancy contract or office address proof.
Selecting the Right Bank
Each bank in Dubai offers different benefits depending on your business size, industry, and financial needs. Choosing the right bank, whether Emirates NBD, HSBC, or others
Passing KYC and Compliance Checks
All banks conduct strict KYC (Know Your Customer) checks before opening accounts. This includes verifying your business activities, company structure, and source of funds.Â
Where CIG Comes In:
In order to open Business bank account, CIG ensures your documents are correctly prepared, matched to the right bank, and guided through compliance checks — helping you open your business bank account faster and without unnecessary delays.
We prepare
We prepare and organize all your documents professionally exactly as banks prefer, reducing the chance of rejection.
We match
We match your business profile to the right banks — so you're not wasting time with banks that may not approve your setup (especially Free Zone companies).
We coordinate
We coordinate appointments and communications with the bank, ensuring faster application processing.
We troubleshoot
We troubleshoot and resolve document queries quickly if banks ask for clarifications or updates, we handle it for you.
Type of Bank Account
| Type of Bank Account | Main Features | Typical Use | Key Details |
|---|---|---|---|
| Current Account (Business) |
- Unlimited transactions - Cheque book facility - Debit and credit cards |
Everyday operational transactions for companies, startups, and SMEs. |
Requires valid trade license and company documents. Minimum balance varies between AED 10,000–AED 50,000 depending on bank. |
| Call Account |
- Higher interest rate than current accounts - Funds accessible anytime - No fixed maturity |
Companies looking to earn some interest on surplus operational funds. |
Minimum balance often required. Interest rates fluctuate based on market conditions. |
| Fixed Deposit Account |
- High interest rate - Fixed term (1 month to 1 year or more) - No access until maturity without penalty |
Businesses that want to lock surplus funds for a guaranteed return. |
Fixed deposit terms vary by bank. Early withdrawal may result in penalty or reduced interest. |
| Offshore Business Account |
- Multi-currency options - Facilitates international transactions - Remote account management |
Offshore companies registered outside the UAE but operating internationally. |
Often stricter compliance checks. Limited physical banking support compared to mainland accounts. |
| Free Zone Business Account |
- Tailored for Free Zone companies - Easy international fund transfers - Online banking access |
Free Zone companies needing flexible banking and easier compliance setup. |
Some Free Zone companies face limited options with certain banks. Pre-approval consultancy recommended. |
Why open Business bank account in the UAE
Financial Accessibility
A UAE bank account provides easy access to manage your funds, make transactions, and conduct financial activities conveniently.
International Business
For businesses, a UAE bank account facilitates international trade, cross-border transactions, and efficient payment processing.
Saving and Investments
Banks in the UAE offer a range of savings and investment products, enabling you to grow your wealth and achieve your financial goals.
Local Services
Opening a bank account in the UAE grants access to local services such as utility bill payments, rent, and other everyday financial needs.
Documents Required to Open a Business Bank Account
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Trade license (valid and active)
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Passport copies of shareholders and authorized signatories
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Emirates ID (if applicable)
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Company Memorandum of Association (MOA)
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Tenancy contract or office lease agreement
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Business plan or description of activities
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Bank statements (sometimes for shareholders)
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Additional supporting documents based on business type
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Shujaat
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Mohammed Albialy
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Open Company Bank Account in UAE
Experience seamless banking in the UAE. Open your bank account now for global transactions, secure savings, and convenient financial management.
Banks we work with
Frequently Asked Questions (FAQs)
Can I open business account online in the UAE?
Yes, it’s possible to open business account online with certain UAE banks for eligible companies. However, depending on your business type (especially Free Zone companies), some banks may still require an in-person meeting for final verification.
CIG can recommend banks that offer partial or full online business account openings.
How can I open an Emirates NBD business account?
To Emirates NBD open account for your company, you’ll need to prepare your trade license, identification documents, business profile, and minimum initial deposit. Emirates NBD offers strong online banking features and competitive packages for startups and SMEs.
CIG assists you in preparing the full Emirates NBD application package and arranging your bank meeting.
How can I open account in HSBC for my Dubai company?
To open account in HSBC, your company must have a clear business model, strong compliance documentation, and meet HSBC’s eligibility criteria. HSBC is ideal for businesses with international banking needs or frequent overseas transactions.
CIG can pre-assess your company profile and assist you with the full HSBC account opening process.
How long does it take to open a business bank account in Dubai?
Typically, it takes between 5 to 15 working days to open a business bank account in Dubai, depending on the bank, your company structure, and the completeness of your documents.
With CIG’s support, the process can be faster and smoother, helping avoid unnecessary delays.
What are the common reasons banks reject business account applications?
Common reasons include incomplete documents, unclear business activities, failure to meet KYC compliance, or choosing a bank that doesn’t match your business profile (e.g., certain Free Zones).
CIG’s expert advice ensures you avoid these mistakes and improve your chances of quick approval.