How to Open a Business Bank Account in UAE
Opening a business bank account in UAE requires documents, approvals, and fees. Learn the 2026 steps, bank choices, and timelines for expats.
Why You Need a UAE Business Bank Account
Any company registered with the Department of Economic Development or free zone authority must hold a corporate account. It separates personal and business funds, meets ICP and MOHRE compliance checks, and allows seamless salary payments plus supplier transfers in AED.
Documents Required in 2026
Banks ask for a standard set of papers. Prepare these before you visit a branch:
- Trade license and articles of association
- Passport copies and Emirates ID for all shareholders and signatories
- Proof of address dated within three months
- Business plan or tenancy contract
- Board resolution naming authorised signatories
Free zone companies must also submit the free zone certificate and share certificate. Some mainland banks request an additional NOC from the sponsoring authority.
Which Banks Accept Expats and New Companies
Most banks now open accounts for mainland, free zone, and offshore entities. Popular choices include Emirates NBD, Mashreq, ADCB, FAB, and RAKBANK. Digital banks such as Wio and Liv also serve SMEs with lower fees. Compare minimum balance rules: Emirates NBD requires AED 50,000 average balance while Wio has no minimum for basic packages.
Step-by-Step Account Opening Process
1. Reserve your company name and obtain the trade licence. 2. Collect all documents listed above. 3. Book an appointment through the bank's SME desk or submit online via their portal. 4. Attend a video or branch verification meeting. 5. Receive account details within 5 to 10 working days once KYC is cleared. 6. Activate online banking and request a corporate debit card.
Expect an account opening fee between AED 500 and AED 1,500 plus a refundable deposit in some cases. Monthly maintenance fees range from AED 100 to AED 300 depending on the package.
Common Delays and How to Avoid Them
Delays often occur when documents are incomplete or names on the passport do not match the licence. Double-check spelling before submission. If you are a new resident without an Emirates ID yet, banks can proceed with your passport and visa copy, but final activation waits for the ID.
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Frequently asked questions
How long does it take to open a business account?▾
Most banks complete KYC within 5 to 10 working days if all documents are correct.
What is the minimum balance for a UAE business account?▾
It varies: AED 50,000 at Emirates NBD, AED 25,000 at FAB, and zero at Wio for basic plans.
Can a tourist open a business bank account?▾
No. You need a valid UAE residence visa and company licence before banks will open an account.
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