Bank Account Opening
Open Your UAE Corporate Bank Account With Confidence
Opening a corporate bank account in the UAE is one of the most document-heavy and time-consuming steps after company formation, often taking two to eight weeks depending on your structure and the bank’s due diligence checks. MHR Chartered Accountants manages the entire process for you — from choosing the right bank for your business activity to preparing a compliant KYC and AML file that clears review on the first submission.
We work with leading UAE banks including Emirates NBD, Mashreq, ADCB, ADIB, FAB, DIB and RAK Bank, and support mainland, free zone and offshore companies with single or multi-currency accounts, trade finance facilities and merchant services.
Our Bank Account Opening Service
We manage the account opening process end to end so you avoid delays and rejected applications:
- Bank selection based on your business activity, turnover and ownership structure
- Preparation of the full KYC/AML compliance file and business profile
- Board resolution and signatory documentation
- Ultimate Beneficial Owner (UBO) declarations and source-of-funds support
- Liaison with the bank’s relationship manager through to account activation
- Support for mainland, free zone and offshore company accounts
- Multi-currency, trade finance and merchant account facilitation
Documents We Prepare & Submit
- Valid trade license and certificate of incorporation
- Memorandum & Articles of Association
- Shareholder and director passport and Emirates ID copies
- Proof of registered office address (Ejari / tenancy contract)
- Board resolution authorising the account and signatories
- Business plan, sample invoices and expected turnover projections
- UBO declaration and beneficial ownership chart
Most UAE banks require a minimum initial deposit of AED 50,000–500,000, depending on the account type and banking relationship.
Need Help Opening Your UAE Corporate Bank Account?
Talk to our team for a bank-readiness check and a document checklist tailored to your company structure — no guesswork, no rejected applications.