Business Bank Account in UAE

Unlock endless opportunities in the UAE market by opening your Business Bank Account hassle-free! 

Get Your Business Account within 7 days. 100% Bank Account Opening Guarantee!

Starting at AED 3,000* only, kickstart your journey to success and elevate your business to the next level. 

Why is a Business Bank Account in the UAE essential?

  • Build credibility and trust with clients and partners.

  • Access exclusive banking services and benefits.

  • Simplify accounting and financial management.

  • Facilitate smoother transactions and international dealings.

At Dhanguard, we understand the importance of a Business Bank Account in UAE for your growth and success. Let us assist you in finding the perfect match tailored to your business requirements. 

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Zero Balance

There are no prerequisites for balance.

Standard Banking Fees

Standard Rates for Banking Transactions, foreign exchange & Trade Finance.

Dedicated SME Desk

Dedicated service desks for small and medium-sized businesses

Dedicated RMs

Experienced Relationship Managers with Best Service Support

Open Business Bank Account in Dubai, UAE

Many companies saw great success in the UAE as their base of operations. Since the economy has been growing for a long time, it makes sense to start a business in Dubai. One of the most critical steps to take when starting a company is to open a business bank account online in Dubai.

Nevertheless, a business bank account in UAEis not a simple procedure. To start a business account, there are a few rules to follow. You can connect with our Banking experts to make the whole process easy.

Benefits of Opening a Business Bank Account in UAE

Important features & benefits of business account in Dubai are as follows-


The business-related financial transactions offer a limited protection on personal liability of the business owner by separating the personal and business funds. The merchant services provide the customers with protection to ensure that their personal data is safe.

Purchasing Power

The credit card helps the business in production of huge start-up purchases or helping in establishing a credit score.

Minimum Account Balance

Many banks in the UAE offer low or zero balance business accounts to the business organisations making it easier for them to manage the cash flow.

Cheque Book Facility

The banks also provide the facility of free cheque books to the business organisations.

Online Access

The business owners can supervise the business accounts online through the available online banking portal.

International Remittance

The banks also offer the capability of making international payment on the business account, making it easier for the businesses to transfer funds.

Multiple Currency

This type of bank account can be opened in various other major currencies, apart from the UAE dirhams.

Eligibility Criteria to open a Business Bank Account in Dubai

The business organisations are required to fulfil certain eligibility requirements determined by the concerned bank. Some of these requirements are as follows-

  • Minimum average balance: The organisations are required to maintain a minimum amount as the monthly average balance. Each and every bank has their own specified limit.

  • Savings or Current Account: Some of the banks ask the business organisation to have a savings or current account in order to be eligible to open a business account.

  • Initial Deposit Requirement: Your company must pay a minimum initial deposit before creating a business account. Each bank has its own initial deposit, which must be verified in advance.

  • Know Your Customer (KYC): You must have a thorough understanding of your consumers, both potential purchasers and clients. Based on this information, your banker or Relationship Manager can create a profile for you and represent you in front of the compliance team to expedite approval.

How to Open a Business Bank Account in UAE?

Before opening a business account, almost all local and foreign banks in the UAE need identity and address evidence. A corporation that opens a commercial bank account in the UAE may also be needed to be physically present in the nation.

To create a business account in UAE, utilise one of the following methods:

Opening business bank account online in UAE

A business bank account in Dubai can be opened online by completing an online application form and providing the required documentation.

Offline establishment of a business bank account in  UAE

Visit a local branch of a bank in the UAE and follow the advice given by the banking specialist to create a corporate account that best matches your company needs.

However, it is best to select a reliable banking consultancy who will communicate with banking specialists on your behalf. Our experts will oversee coordinating and expediting the creation of your bank account.

Documents Required to Open a Business Bank Account in Dubai

Here is a short list of the paperwork required to open an account. It is crucial to note that the length of this list varies based on the scope of each client's business and the bank's criteria for the kind of corporate account you wish to create.

Mainland Bank Account

Basic Documents

  • Trade licence

  • Memorandum of Association (MoA)

  • Passport, Visa & Emirates ID of all partners (if applicable)

  • Office tenancy or Ejari contract (physical office)

Supporting Documents

  • 6 months bank statement (personal/company from UAE/home country)

  • Utility bills as address proof (for certain nationalities)

  • VAT certificate (if applicable)

  • Business model/company profile/website/plan

  • Applicant profile (CV) of signatory

  • Name of existing or prospective clients (suppliers/buyers)

  • Debit & credit invoices

Note: All basic documents are mandatory. Supporting documents are as per business profile

Free Zone Bank Account

Basic Documents

  • Trade licence

  • Share certificate

  • Memorandum of Association (MoA)/Article of Association (AoA)

  • Passport, Visa & Emirates ID of all partners (if applicable)

  • Office tenancy (physical office)

Supporting Documents

  • 6 months bank statement

  • Utility bills as address proof

  • Business model/company profile/website

  • Applicant profile (CV)

  • Name of existing or prospective clients (suppliers/buyers)

  • Invoices/bill of shipment/shipping documents/agreements/custom clearance, etc.

Offshore Bank Account

Basic Documents

  • Trade licence/Certificate of Incorporation

  • Share certificate

  • Passport

Supporting Documents

  • Parent company’s legal documents

  • Office tenancy of parent company as address proof

  • Last 6 months company bank statement from home country

  • Certificate of Good Standing (if applicable)

  • Certificate of Incumbency (if applicable)

  • Visa & Emirates ID (if available)

  • Applicant profile (CV)

  • Business model/company profile

Foreign Entity Bank Account

  • Memorandum of Association (MoA)/Article of Association (AoA) with legal attestation

  • Trade licence

  • Share certificate

  • Passport with UAE entry page of shareholders

  • Emirates ID & visa pages of shareholders (in case shareholders have UAE residency)

  • Name of existing or prospective clients (suppliers/buyers)

  • 6 months bank statement (personal/company from home country)

  • Utility bill of shareholders showing address proof

  • Corporate legal documents and bank statements (in case of a shareholder having a company outside UAE)

Cost to Open a Business Bank Account

If you are an investor who plans to create a business bank account, you might be wondering about the charges involved.

What is even more surprising is that, like many banks in other countries, local banks in the UAE do not charge any fees when creating a bank account. Each local bank has various minimum monthly average balance categories, and all local banks are required to maintain a minimum monthly average balance. This quantity might range from 50,000 AED to 500,000 AED for local UAE banks, depending on the bank you apply to.

If you do not maintain the requisite minimum average monthly balance, you will be charged a monthly fee of 250 AED.

Dhanguard recommends that while creating a business bank account at any local bank, you always retain the minimum keeping amount stipulated in the account agreement. We are pleased to offer a comprehensive service for opening your business account. Our dedicated team ensures a hassle-free experience through the following steps:

  • Preparing Documents: Thorough and accurate compilation of all required documents.

  • Preparing Business Profile: Crafting a detailed profile that aligns with regulatory requirements.

  • Preparing Shareholder Profile: Ensuring comprehensive documentation for all shareholders involved.

  • Submission in Bank: Efficient and precise submission of all prepared documents to the respective bank.

  • Follow-up for Fast Opening: Continuous follow-up with the bank to accelerate the account opening process.

  • After Bank Account Opening Service: Facilitating additional services such as Cheque Book issuance and Online Banking setup.

Our service charges for opening business account in UAE start from 3000 AED*. 

It is important to note that the service fee may vary based on the documents received.

Kindly confirm your interest, and we will arrange a call with our Banking Expert to guide you through the process. Your satisfaction and convenience are our top priorities.

Choose us for for Hassle-free  Business Account Setup Process

At Dhanguard, we understand the importance of a secure business account setup. To ensure a smooth process, we have divided it into three stages, prioritizing transparency and efficiency.

Stage 1: Pre-Approval Process

  • Verification: We comprehensively check historical issues, and overall company activities.

  • Bank Selection: Based on your requirements, we confirm potential banks suitable for your business.

  • Payment: Click here  to pay online. Alternatively, explore other payment modes here.

Stage 2: Bank Account Confirmation

  • Signing Date: Once pre-approval is successful, we will coordinate with you to confirm the signing date for the bank account.

  • Submission: We handle the submission process directly with the chosen bank.

Post-Opening Follow-up

  • Account Activation: We carefully follow up with the bank to ensure the account is successfully opened.

If you are looking to open a business bank account in Dubai or anywhere in the UAE? Look no further! Dhanguard is here to help you out. We've got a proven track record of opening business bank accounts, boasting a 98% success rate. With us, you can trust that your account setup will be smooth and hassle-free. Plus, we provide detailed invoices for all your transactions, ensuring transparency every step of the way. Your satisfaction is our top priority at Dhanguard. So, why wait? Choose us for a reliable and efficient business bank account in UAE today!

Frequently Asked Questions

Opening a bank account in the UAE from abroad is possible, but the specific requirements and procedures may vary among banks. Some banks offer online account opening services, while others may require you to visit a branch in person or provide additional documentation.

Yes, a foreign company can open an account in Dubai. However, the requirements and procedures may vary depending on the bank and the type of company. It is advisable to contact the bank directly to inquire about their specific requirements for foreign companies.

Yes, you can open a business bank account in the UAE. The process typically involves providing the necessary documents, such as company registration papers, proof of address, and identification documents of authorized signatories. Different banks may have varying requirements and minimum deposit amounts.

Opening a business bank account in a different country is possible, but the specific procedures and requirements will depend on the country and the bank. Some banks may require you to have a physical presence or meet specific criteria, while others may offer remote account opening options.