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What documents are needed to open a business bank account in Dubai?

Shuraa Management & Consultancy LLC, UAE Company Formation Simplified

Answered on October 23,2023

You will require the following documents to open a Business Bank Account in Dubai:

Emirates ID
Virtual Address or a Physical Space

For further information, you can reach our Business Consultants at Shuraa.

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Virtuzone, Largest Corporate Service Provider in UAE

Answered on October 24,2023

If you’re planning to use your bank account to do business in the UAE, you’ll need to open a corporate bank account. The reason why you have to open a corporate account is that UAE law prohibits you from doing business with a personal account.

Generally speaking, corporate accounts should be current accounts. The reason for this is so that they can process a large volume of transactions. Opening a current corporate account in the UAE usually takes between two and four weeks.

When you go to open a corporate bank account, it’s important to note that you’ll need a few additional documents to do so. The exact documents may vary depending on your chosen bank and your type of company, but they usually include:

Your company trade license
A certificate of your company’s registration
Share certificates
The company’s articles of association and memorandum
A letter from the board giving a company officer the power to open a corporate account
Visas and passports from all shareholders

With these documents in hand, you’ll be all set to open a bank account.

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What documents are needed to open a business bank account in Dubai?

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