Opening a Corporate Bank Account in Dubai: What You Need to Know

Why a UAE Business Bank Account Matters

• Operational Legitimacy: Enables you to receive payments, pay vendors, and run daily business operations.
• Regulatory Requirement: Necessary for compliance, especially for VAT registration, visa issuance, and payroll.
• Investor & Client Confidence: Shows stability and makes it easier to form partnerships and attract funding. 

What Are the Main Requirements?

While requirements vary slightly depending on the bank and your company type, here are the essentials:

1. Trade License & Company Document : Valid business license, Memorandum of Association (MOA), and company incorporation documents.
2. Shareholder & Director Details: Passport copies, visas, Emirates IDs (if applicable), and proof of address.
3. Office Lease Agreement:   Ejari (for Mainland) or proof of workspace (for Free Zone).
4. Business Plan & Source of Funds: Some banks require a basic business plan, client list, supplier info, and explanation of revenue flow.
5. Bank Forms & KYC Checks:  Banks may request a personal interview, video verification, or additional due diligence. 

How PrimeBiz Hub Simplifies the Process

• Bank-Matching Strategy: We recommend institutions based on your activity, structure, and risk profile.
• Pre-Screening & Documentation: We help you compile all documents correctly and avoid red flags.
• End-to-End Coordination: From application to approval, we liaise with the bank on your behalf.
• Local & International Options: Access to banking in the UAE and select offshore jurisdictions.

Common Challenges to Avoid

• Inadequate Documentation: Missing paperwork is a top cause of delays.
• Activity-Risk Mismatch: Certain sectors (crypto, trading, etc.) face tighter scrutiny.
• No Local Presence: Not having a UAE address or resident director can slow down the process.
• Multiple Shareholders: Banks may take longer to onboard companies with complex ownership. 

How Long Does It Take?

Typically, opening a bank account in Dubai takes between 7 to 21 business days, depending on the bank, company profile, and documentation readiness.

Let PrimeBiz Hub Help You Get Approved

We know what each bank looks for and how to meet their compliance criteria. With us, you're not guessing—you're guided. Whether you're a startup or an established global business, we help you open your UAE business account with clarity and confidence.