Dubai Corporate Bank Account 2026: Free Zone Requirements
Opening a corporate bank account for a Dubai free zone company in 2026 requires specific documents and minimum balance rules. Here is the exact process.
Who needs a corporate bank account in a Dubai free zone
Every free zone company must hold a dedicated business account to receive payments, pay suppliers, and meet compliance checks. Banks treat free zone entities separately from mainland LLCs because of licensing and ownership rules.
Documents required in 2026
Banks ask for the same core set across most free zones. Prepare these items before booking an appointment:
- Valid trade licence and certificate of incorporation
- Memorandum and articles of association
- Passport copies of all shareholders and directors
- Proof of registered address (free zone tenancy contract)
- Board resolution authorising the account opening
- Completed bank application form and KYC questionnaire
Some banks also request a business plan or projected cash-flow statement for new companies.
Minimum balance and monthly fees
Free zone corporate accounts carry these standard thresholds in 2026:
| Bank | Minimum balance (AED) | Monthly fee if below threshold |
|---|---|---|
| Emirates NBD | 50,000 | 300 |
| Mashreq | 75,000 | 250 |
| ADCB | 100,000 | 350 |
Some digital banks waive the minimum for the first six months if annual turnover stays under AED 1 million.
Step-by-step process
1. Choose the bank that matches your expected transaction volume and fee structure.
2. Book an in-branch or video-KYC appointment; bring original documents plus copies.
3. Submit the application and pay any account opening fee (AED 500-1,000).
4. Complete enhanced due-diligence calls if shareholders are from high-risk jurisdictions.
5. Receive account details within 5-10 working days once compliance clears.
Common reasons for rejection
Applications are delayed or declined when documents are outdated, shareholding structures are unclear, or projected activity does not match the free zone licence. Always update your trade licence before applying and ensure all signatories are present for biometric verification.
After the account is open
Monitor the balance weekly in the first three months. Set up online banking and request a corporate debit card for directors. Notify the bank of any change in directors or shareholding within 30 days to avoid compliance flags.
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Frequently asked questions
Which documents are mandatory for free zone corporate accounts?▾
Trade licence, passport copies of shareholders and directors, tenancy contract, and board resolution are required by all major banks.
What is the lowest minimum balance in 2026?▾
Emirates NBD requires AED 50,000; digital banks may waive it for the first six months if turnover stays low.
How long does approval take?▾
Most banks issue account details within 5-10 working days after compliance review.
Can I open the account remotely?▾
Some banks allow video KYC for existing customers; new free zone companies usually need one in-person visit.
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