Bank Accounts FAQs

You can open corporate bank accounts, which include current accounts, multi-currency accounts, and accounts that offer various transaction and credit facilities tailored for businesses. We assist in determining the best type of account based on your business needs.

While non-residents can open certain types of bank accounts in Dubai, a corporate bank account generally requires you to have a business set up in the UAE. We can guide you through this process to ensure compliance with all local banking regulations.

The typical documentation includes your company's trade license, shareholder's passports, company memorandum, and sometimes proof of business activities. Our services include preparing and organizing all necessary documentation for a smooth account opening process.

The timeline can vary from a few days to several weeks, depending on the bank and the completeness of your documentation. We expedite this process by ensuring all your documents are correctly prepared and submitted promptly.

Some banks allow remote account openings, especially under current global conditions. We facilitate remote bank account openings by coordinating with banks that offer this service, ensuring you can manage your business finances from anywhere in the world.

Yes, opening a bank account in the free zone where your business is located can offer benefits such as easier documentation processes and potential financial incentives. We provide specific advice based on the free zone your business is situated in.

The minimum balance requirement varies significantly depending on the bank and the type of account. It can range from a few thousand to several hundred thousand AED. Understanding these requirements is crucial to manage your finances effectively and avoid penalties.

Yes, most corporate bank accounts in Dubai are equipped for international transactions, offering services such as multi-currency accounts, foreign currency exchange, and wire transfers. Banks in Dubai are well-integrated with global financial networks, facilitating ease of international business.

Fees can vary widely but generally include account maintenance fees, transaction fees, ATM withdrawal charges, and fees for wire transfers. We help clarify these fees upfront to help you choose a bank that offers the best terms and to minimize your cost of banking.

While some banks may require at least one in-person visit to finalize the opening of a corporate bank account, others may offer remote or digital solutions, especially given current global health guidelines. Our services include coordinating with banks to determine if an in-person visit is necessary and arranging these meetings if required.