Opening bank accounts in the UAE
Our consulting company specializes in helping clients open bank accounts. We offer comprehensive services, including consultations, preparation of documents and support at all stages of the process.
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Let’s not forget that choosing a bank might mean the difference between conserving assets for future generations or losing them suddenly. Fortunately, the UAE economy is one of the most stable in the world and has been free of war for a very long time.
The nation, which has the second-largest economy in the Arab world, is recognized for its safe and quickly growing banking industry. There are more than 50 banking institutions in the UAE to select from, and each one attracts both domestic and international investors with enticing advantages.
Here at Professional Success, we take great pride in claiming to be the company with the best experience helping companies of all sizes open and maintain profitable business bank accounts with UAE banks.
If you already know which bank you want to work with or if you want professional guidance on which bank will best meet your business objectives, please contact us.
The nation, which has the second-largest economy in the Arab world, is recognized for its safe and quickly growing banking industry. There are more than 50 banking institutions in the UAE to select from, and each one attracts both domestic and international investors with enticing advantages.
Here at Professional Success, we take great pride in claiming to be the company with the best experience helping companies of all sizes open and maintain profitable business bank accounts with UAE banks.
If you already know which bank you want to work with or if you want professional guidance on which bank will best meet your business objectives, please contact us.
Get advice on opening a bank account in the UAE
Any business may develop with the help of a business bank account, which makes it easier to keep track of spending, streamline tax reporting, and deposit payments as needed.
The same holds true for businesses with UAE registrations. Choosing a bank that best suits a business' needs will therefore be the next logical step after the entity has received a license.
The same holds true for businesses with UAE registrations. Choosing a bank that best suits a business' needs will therefore be the next logical step after the entity has received a license.
- Physical presence of resident signatory is a must
- Manager and Shareholder(s) are required to have UAE residence visa.
- Incorporation documents of UAE company including office lease (Ejari) with three pictures of the office(mandatory)
- Incorporation documents and 6 months bank statements of existing company (if applicable)
- Latest high value 3 credit and 3 debit invoices against transactions in provided bank statements.
- Company profile/Business plan (template available) including supplier and client details with website and country of origin.
- Expected turnover
- Passport copies of the shareholders including UAE residency visa / UAE Emirates ID copies of the shareholders.
- CV of shareholders (template available)
- 6 months banks statements / Source of income source / source of funds of the shareholders
- Shareholder’s residential lease agreement (Ejari) in the UAE. If Ejari is more than one month old utility bill is required. – address proof
- Sanction Declaration
Savings Accounts
- Individual A/C
- Joint NC
People who want to set aside a particular portion of their income and earn interest on it in order to cover future expenses should open a savings account. With the exception of a few restrictions imposed by the bank, all features are essentially identical to those of a CD a/c. The total number of withdrawals allowed is capped. 25% of the entire sum cannot be withheld in one withdrawal.
Current Accounts
- Individual A/C
- Business A/C
- Partnership NC
- Limited Company NC
Current deposit accounts may be opened by individuals, sole proprietorship businesses, partnership businesses, limited companies—whether private or public—clubs, societies, etc. Since current accounts don't charge fees for frequent withdrawals, they are ideal for many kinds of companies. The current deposit account does not yield interest.
Types of Account
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