To open a corporate bank account in the UAE you usually need your trade licence, memorandum of association, the passports (and Emirates IDs, if resident) of shareholders and signatories, proof of address, a short business profile and evidence of where your funds come from. The bank makes the final decision. Nexobiz prepares and presents your file so it is complete and consistent, which is the most common reason applications stall.
What our bank account support includes
- Bank-ready checklist built around your company type, activity and shareholders.
- Business profile that explains what you do, who you sell to, and the transactions you expect.
- Bank shortlist matched to your activity, nationality, residency and expected volumes.
- Application support: we help you complete the forms and prepare for the KYC interview.
- Follow-up on the bank's questions until a decision is made.
Documents banks usually ask for
For the company
- Trade licence or certificate of incorporation
- Memorandum and articles of association, and share certificate where issued
- Board resolution or authority for the signatory (for corporate shareholders)
- Office lease or Ejari for Mainland companies, or the free zone office agreement
- A business profile, plus contracts, invoices or quotations that show real activity
For shareholders and signatories
- Passport, and UAE residence visa and Emirates ID if resident
- Proof of residential address
- CV or professional profile
- Declaration of the ultimate beneficial owners (UBO)
- Source of funds and, often, personal bank statements
Each bank sets its own list and may ask for more, such as a business plan or a short interview.
Why applications get delayed
- Names, addresses or ownership details that differ between documents
- An activity or revenue model the bank cannot clearly understand
- No evidence of real business, such as contracts or supplier quotes
- Unclear source of funds
- Signatories who cannot attend a meeting or video verification when asked
How it works
- Review. We check your licence, ownership and activity.
- Prepare. We build the file and the business profile with you.
- Shortlist. We recommend banks that suit your profile.
- Apply. You submit with our support and attend KYC.
- Respond. We help you answer follow-up questions quickly.
- Activate. The bank approves and you make the opening deposit.
Still setting up? See business setup or our guide to the documents you need to set up a company.
Frequently asked questions
Can you guarantee my account will be approved?
No. Approval is always the bank's decision. What we do is make your file complete, consistent and easy to assess, and match you with banks that suit your profile.
Do I need to be in the UAE to open the account?
It depends on the bank. Many ask signatories to attend a meeting or a video verification. We tell you in advance what each shortlisted bank expects.
Is there a minimum balance?
Minimum balances and fees vary by bank and account type. We compare the options on your shortlist before you apply.
Can a free zone company with a flexi desk open an account?
Usually yes, but banks still look for evidence of real business activity, so contracts, quotes and a clear business profile matter.
How long does it take?
It depends on the bank and on how complete your file is. Complete, consistent files move noticeably faster.
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