How to Open a Bank Account in the Dubai?

The easiest and most practical way to open a Dubai bank account is to choose banks that allow mobile account creation. You can open a bank account through digital banking platforms offered by Emirates NBD, Mashreq, ADCB, and FAB. However, to open a bank account in the UAE, you must definitely have an Emirates ID.

What is Corporate Banking in Dubai and Why is it Important for Any Business?

First and foremost, to conduct business in the UAE, having a corporate bank account is essential. Therefore, opening a corporate bank account is of great importance for setting up business in Dubai. It simplifies your financial transactions and is recommended for better protection of commercial funds.

Corporate banks in the UAE offer multi-currency account options, allowing transactions in multiple currencies. This capability is highly beneficial for foreign investors as it reduces overall transaction costs and enables smooth money transfers.

Documents Required to Open a Bank Account in Dubai

To open a bank account in Dubai, the required documents must be complete and submitted as requested:

• Emirates ID
• Proof of address (such as an electricity bill or lease agreement)
• Salary certificate or employment contract (for personal accounts)
• Original and copy of your passport
• Copy of your UAE residence visa
• Your company’s trade license
• Your company’s registration certificate
• Certificates (if applicable)
• Memorandum and Articles of Association of the company
• Letter from the board of directors authorizing a company representative to open a corporate account
• Visas and passports of all shareholders