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What are the requirements of opening a Freezone Bank Account in Dubai?

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Shuraa Management & Consultancy LLC, UAE Company Formation Simplified verified
Answered on October 19,2023

Requirements for Opening a Freezone Bank Account 

To open a free zone bank account, there are specific requirements including: 

  • All shareholders must be physically present when submitting signed documents. 

  • Foreign entities must have all necessary documents certified at the consulate of the emirate where the company is registered. 

  • The documents must also be certified by the UAE Ministry of Foreign Affairs. 

  • While it is possible for a foreign entity to open a bank account in the UAE, incorporating it with a local company is often easier and more cost-effective. 

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