How to Open a Business Bank Account in the UAE?

Every company operating in the UAE requires a business bank account to ensure smooth financial transactions. Whether you have a Freezone or Mainland license, setting up a corporate bank account can be a challenging process. This is where having an in-house banking advisor becomes crucial to navigate the complexities. UAE banks adhere to strict compliance regulations set by the Central Bank, making expert assistance essential.

Benefits of a Business Bank Account in the UAE:

✔ Efficient management of financial resources
✔ Supports business growth and expansion
✔ Simplifies financial transactions and record-keeping

Shamal Typing and Documents Clearing – Your Trusted Partner

As specialists in business formation in the UAE, we offer tailored services to businesses of all sizes, regardless of their origin. Our expertise lies in helping companies establish themselves and expand within the UAE market.

We assist clients in opening business bank accounts with leading banks, ensuring a smooth and hassle-free process. From documentation to successful account activation, we provide end-to-end support.

Essential Requirements for Opening a Bank Account in the UAE

Documents Needed for a Personal Bank Account:

✔ Original Emirates ID
✔ Clear copy of passport
✔ Residential Ejari (tenancy contract)
✔ Bank statements from the last three months

Documents Required for a Business Bank Account:

✔ Valid trade license
✔ Memorandum of Association
✔ Share Certificate (for Freezone companies)
✔ Certificate of Incorporation/Formation (for Freezone businesses)
✔ Business Ejari (for Mainland companies)
✔ Office Lease Agreement (for Freezone companies)
✔ Copies of visas and Emirates IDs of all shareholders (if they are UAE residents)
✔ Detailed business profile
✔ List of three key suppliers and clients
✔ Countries the business deals with

Additional documents may be required based on the specific bank’s policies. We have successfully assisted numerous Freezone companies in opening corporate bank accounts with top-tier banks in the UAE.

SRTIP Packages

ZERO VISA PACKAGE 1 Year Package 3 Years Package
Cost AED 5,500 AED 13,200
Renewal Same as above Same as above

Inclusions

  • 5 Activities (Mix-Match Commercial & Services)
  • Multiple Shareholders (Up-to 5)
  • License
  • Lease Agreement
  • MOA

 

ONE VISA PACKAGE 1 Year Package 3 Years Package
Cost AED 13,990 AED 27,160
Renewal Same as above Same as above

Inclusions

  • 1 visa fees included
  • E-channel Registration and Renewal Included
  • Pre-approval fee included
  • Establishment Card included
  • 5 Activities (Mix-Match Commercial & Services)
  • Multiple Shareholders (Up-to 5)
  • Excluding Medical & Status Change

 

TWO VISA PACKAGE 1 Year Package 3 Years Package
Cost AED 17,795 AED 32,435
Renewal AED 9760 Same as above

Inclusions

  • 2 visa fees included
  • E-channel Registration and Renewal Included
  • Pre-approval fee included
  • Establishment Card included
  • 5 Activities (Mix-Match Commercial & Services)
  • Multiple Shareholders (Up-to 5)
  • Excluding Medical & Status Change

 

VISA QUOTA LICENSE PRICE ADDITIONAL COST
1 VISA AED 7,060 Immigration Card          : AED 1,500
2 VISA AED 8,110 Pre Approval                  : AED 610
3 VISA AED 9,160 E-channel Registration : AED 2,575
4 VISA AED 12,835 Visa Cost                        : AED 2,950
5 VISA AED 13,885 Medical, EID, and Status Change Extra
6 VISA AED 14,935 *VAT INCLUDED
RENEWAL – SAME AS ABOVE