Banking Solutions for UAE Businesses

Simplify Business Banking in the UAE with Estabia

Opening a corporate bank account in the UAE involves strict compliance procedures set by the UAE Central Bank. At Estabia, we streamline this process, guiding you through every step to ensure a seamless and hassle-free experience.

Essential Information for Business Bank Account Opening

  • In-Person Application: Your physical presence is required to meet the bank representative, sign documents, and submit the necessary paperwork.
  • Online Application: If you are outside the UAE, you can initiate the process online. However, a phone or video call with the bank may be required, and you must visit the UAE to finalize the account opening.
  • Processing Time: The timeline varies—digital applications may take 14 days, while in-person applications can take 25 working days or more, depending on the complexity of the request.

How Estabia Supports You

1. Business Assessment

We analyze your business activities, expected turnover, and available funds to recommend the best bank for your needs.

2. Bank Coordination

If additional requirements arise, we liaise directly with the bank on your behalf. In select cases, we can also represent you if you're unavailable for verification.

3. Documentation Assistance

We help compile and submit all required documents, including:

  • Certified company incorporation papers
  • Company profile and shareholder details
  • Bank statements for the last six months
  • Proof of UAE residency or business premises (Ejari)

A Guide to Banking in the UAE

The UAE’s robust banking sector, regulated by the UAE Central Bank, offers a stable and secure financial environment. With over 50 international and local banks, entrepreneurs can choose from a range of services tailored to business and personal needs.

Types of Bank Accounts in the UAE

  • Current Accounts: Ideal for daily transactions, salary transfers, and issuing business checks.
  • Savings Accounts: Higher interest rates with limited withdrawals, available in multiple currencies.
  • Investment Accounts: Long-term deposits with assured returns between 3-7% annually.
  • Offshore Accounts: Secure, tax-efficient banking solutions for expats and international businesses.

Opening a Business Bank Account in the UAE

To open a business bank account, you will need:

  • A trade license issued by UAE authorities
  • Company registration documents
  • Memorandum and Articles of Association
  • A certificate of incorporation
  • Shareholder and director passports & visas
  • Proof of business address and financial history

Processing Time: On average, corporate accounts take 2-4 weeks to activate.

Choosing the Right Bank in the UAE

When selecting a bank, consider:
✅ Minimum balance requirements
✅ Banking fees and service charges
✅ Online banking and international transfer facilities
✅ Number of local ATMs and banking branches
✅ Employer banking partnerships for smoother salary transfers

Corporate Credit Cards for UAE Businesses

Business credit cards help companies manage expenses and build a corporate credit history. Eligibility depends on factors like:

  • Business trade license
  • Minimum annual revenue
  • Shareholder documentation

Why Choose Estabia?

At Estabia, we remove the complexities of opening a business bank account, ensuring compliance while you focus on growing your company.

🔹 Expert banking guidance
🔹 End-to-end documentation support
🔹 Faster approvals and setup

Let Estabia handle your UAE banking needs—contact us today!