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.

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Standard Banking Fees

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

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Dedicated SME Desk

Dedicated service desks for small and medium-sized businesses

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Dedicated RMs

Experienced Relationship Managers with Best Service Support

Open Business Bank Account in Dubai, UAE

Dubai is one of the best places to grow a business, and many companies have already seen big success here. If you’re planning to set up your own company, one of the first things you’ll need is to open business bank account online or through a local bank in Dubai.

Opening a business account in the UAE can feel tricky at first because there are rules and paperwork to follow. The good news is, you don’t have to do it alone. Today, you can even open business bank account online, which makes the process much easier. An online business bank account also gives you the flexibility to manage your money anytime, anywhere.

If you’re not sure which option to choose, or experts at Dhanguard can guide you through the process and help you find the best business bank accounts in Dubai for your needs. That way, you can save time and focus on growing your business.

Benefits of Opening a Business Bank Account in the UAE

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

  • Protection
  • 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 Dubai offer low or zero balance business bank accounts in Dubai 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 bank accounts online through the available online banking portal.

  • International Remittance
  • The banks also offer the capability of making international payment on the business bank 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 business bank account online

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

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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.

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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

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Initial Deposit Requirement

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

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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.

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Banking History and Credit Profile

Banks may require a detailed banking history and credit profile of the business or its owners. This helps the bank assess the financial stability and reliability of the business, influencing their decision to approve the business bank account.

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:

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

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.

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.

A business bank account in Dubai can be opened online by completing an application form and submitting the required documents. If you’re looking to open business bank account online, it’s always best to work with a reliable banking consultancy. Our experts can communicate with banking specialists on your behalf and make sure the entire process is coordinated and completed quickly.

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

Supporting Documents
  • 6 months bank statement (personal/company from UAE/home country)
  • Utility bills as address proof (for certain nationalities)
  • VAT certificate (if applicable)
  • Company profile
  • Applicant profile (CV) of signatory
  • Name of existing or prospective clients (suppliers/buyers)
  • Debit & credit invoices
Basic Documents
  • Trade licence
  • Memorandum of Association (MoA)
  • Passport, Visa & Emirates ID of all partners (if applicable)
  • Office tenancy or Ejari contract (physical office)

Free Zone Bank Account

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.
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)

Offshore Bank Account

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
Basic Documents
  • Trade licence/Certificate of Incorporation
  • Share certificate
  • Passport
  • Foreign Entity Bank Account
  • Memorandum of Association (MoA)/Article of Association (AoA) with legal attestation

Foreign Entity Bank Account

  • 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
  • 6 months bank statement
  • Utility bill of shareholders showing address proof
  • Corporate legal documents and bank statements

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

Cost to Open a Business Bank Account | Dhanguard 

Cost to Open a Business Bank Account

Opening a business bank account in the UAE is a crucial step for entrepreneurs looking to operate in one of the most dynamic markets in the world. While the UAE offers a business-friendly environment with numerous banking options, understanding the costs involved can help streamline the setup process and avoid unexpected expenses.

Here’s a detailed look at the potential costs associated with opening a business bank account in the UAE:

  • Type of Account: The cost can vary depending on whether you opt for a basic business account or one with additional features such as higher transaction limits or international services.
  • Bank’s Fee Structure: Different banks have different fee structures, which may include account opening fees, monthly maintenance fees, and transaction fees.
  • Business Type and Size: Larger businesses or those with complex needs may incur higher costs compared to small businesses or startups.
  • Minimum Balance Requirements: Some banks require a minimum deposit to open an account, which can affect the initial cost.
  • Additional Services: Costs may increase if you opt for additional banking services like credit facilities, foreign currency transactions, or premium banking services.
  • Type of Jurisdiction: The jurisdiction (Mainland, Offshore or Freezone), where your business is registered can impact the cost.

How will Dhanguard Assist You?

Dhanguard recommends that while creating a business bank account at any local bank, you always retain the minimum balance amount mentioned in the account agreement. We are also pleased to offer a comprehensive service to help you open business bank account online or directly with a bank. Our dedicated team ensures a smooth and 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 AED 3000*.

Please note that the fee may vary depending on the documents provided. If you’re interested, kindly confirm, and we will arrange a call with our Banking Expert to guide you through the process. Whether you want to visit the bank in person or open business bank account online, we’ll make sure the experience is simple and convenient for you.

How will Dhanguard Assist You | Dhanguard 

Open Account with Dhanguard

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.

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Stage 1: Pre-Approval Process

We comprehensively check historical issues and overall company activities to ensure a thorough evaluation. Based on your requirements, we select potential banks that are suitable for your business needs. To proceed with payment, you can click here to pay online. Alternatively, you may explore other payment modes here.

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Stage 2: Bank Account Confirmation

Once pre-approval is successful, we will work with you to finalize and confirm the signing date for the bank account. If you prefer to open business bank account online, we can also guide you through that option. Our team will handle the entire submission process directly with the chosen bank, ensuring that all required documents are correctly prepared and submitted on your behalf.
We’ll keep you updated at every step to make sure the account opening experience is smooth and efficient.

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Stage 3: Post-Opening Follow-up

When activating a new business account, we carefully follow up with the bank to ensure that the account is successfully opened and fully operational. This involves a comprehensive process where we closely monitor each step, from the initial application submission to the final confirmation of account activation. We proactively communicate with bank representatives to address any potential issues or additional requirements that may arise.

Get Started With Dhanguard

If you are looking to open business bank account online in Dubai or anywhere in the UAE, Dhanguard is here to make it simple. We have a proven track record of helping clients successfully open both traditional and online business bank accounts, with a 98% success rate. With us, you can be confident that your setup will be smooth, transparent, and hassle-free.

We also guide you in choosing from the best business bank accounts in the UAE, based on your company’s needs and goals. Plus, we provide clear and detailed invoices for all your transactions, so you always know exactly what’s happening. Your satisfaction is our top priority at Dhanguard.

So, why wait? Choose us today for a reliable and efficient business bank account setup in the UAE!

Frequently asked questions

Our team of specialists addresses frequently asked questions from individuals worldwide regarding establishing companies in the UAE.

Expats in the UAE can typically open a bank account within a few working days. As a resident, the standard requirements for opening a personal savings or current account include:

  • Your original passport along with a copy.
  • A copy of your UAE residence visa page.
  • A salary certificate from your employer's HR department.
  • Some banks may also request your Emirates ID card; if you haven't received it yet, you can often provide a copy of your Emirates ID registration form instead.

It's important to note that specific requirements can vary between banks, so it's advisable to check with experts at Dhanguard.


To open a business bank account in the UAE, banks typically require the following mandatory documents:

  • Certified company incorporation documents
  • Company profile
  • Valid passport copies of all shareholders
  • Personal profiles (CVs) of all shareholders
  • Six months of personal bank statements for all shareholders
  • Emirates ID and residence visa copy of the primary signatory

The documentation process can be complex. To ensure a smooth experience, consider consulting with experts like Dhanguard, we specialize in managing such requirements. 

Yes, as a foreigner, you can open a business bank account in the UAE. To do so, you'll need to provide several key documents, including:

  • Company Registration Documents
  • Investor's Passport
  • Proof of Address
  • Business Plan
  • Corporate Documents


The duration to establish a corporate bank account in the United Arab Emirates (UAE) varies based on factors such as the business type, chosen bank, and the thoroughness of the provided documentation. Typically, this process can range from 2 weeks to 3 months. 

Opening a business bank account in the UAE offers several key advantages:

  • Efficient Fund Management
  • Access to Loans
  • Investment Opportunities
  • Comprehensive Banking Services
  • Enhanced Security

These benefits make establishing a business bank account in the UAE a prudent decision for efficient financial management and growth.

While many business bank accounts can be opened with no initial deposit, some require a starting balance. It's advisable to consult with financial experts, at Dhanguard, to determine the best option for your business needs.

Opening a bank account for a Free Zone company in the UAE involves specific requirements. While not always mandatory, possessing a UAE residency visa can facilitate the process. Banks typically request financial documentation, such as recent bank statements from the parent company or the owner's personal account. 

Additionally, all necessary documents must be certified by the UAE Ministry of Foreign Affairs, and all shareholders may need to be physically present during the submission of signed documents to the bank. Each bank has its own policies and risk assessments, which can affect the approval process. 

To open a corporate bank account in the UAE, banks typically require proof of residency, such as a UAE residency visa, though this is not mandatory for all banks. If you're not a UAE resident, you'll need to provide proof of your residential address from your home country. 


Yes, offshore companies can open corporate bank accounts in the UAE. Jurisdictions like RAKICC, ADGM, and DIFC permit offshore entities to establish such accounts. Banks typically require documentation including the company's Certificate of Incorporation, Memorandum & Articles of Association, and beneficial ownership information.


Personal and business bank accounts serve distinct purposes and offer different features. Personal accounts are designed for individual financial management, offering simplicity and fewer regulatory requirements. In contrast, business accounts cater to business-specific needs, providing liability protection and facilitating the separation of personal and business finances.