Yes — every licensed UAE company can open a corporate bank account, either at a local UAE bank or an international bank operating in the UAE. You'll need a valid trade licence and to pass the bank's KYC and compliance checks. It's often the slowest part of setup, usually taking around two to six weeks.
Banks in the UAE run thorough KYC (know-your-customer) and compliance checks before they open a corporate account, so it helps to have your paperwork ready. Most banks will ask for:
Opening a corporate account is frequently the slowest step in setting up a UAE company. From application to a fully active account usually takes about two to six weeks, depending on the bank and how your business is structured.
Certain activities and shareholder nationalities can trigger enhanced due diligence, which adds time. Some banks also require a minimum monthly balance, so it's worth comparing options before you apply.
The single biggest factor is clean, consistent paperwork and a business model the bank can understand at a glance. A few things that make a real difference:
Yes. Free-zone companies open corporate accounts in the same way as mainland companies — with a valid trade licence and by passing the bank's KYC and compliance checks. Bizvisor has a fuller step-by-step guide to opening a corporate bank account if you'd like the detail.
Most banks prefer signatories to hold a UAE residence visa, and many require it. A few banks can start the process on the licence alone, but having your visa in place makes approval smoother and faster.
It varies by bank and account type. Some banks ask for a minimum monthly balance and charge a fee if you fall below it, while others offer accounts with no minimum. We help you match the right bank to your cash flow.
Banks apply strict compliance rules, and enhanced due diligence can apply to certain activities or nationalities. Clear documents and a well-explained business model are the best way to keep things moving.
Tell us your activity and structure — AgentBiz or a human advisor will point you to the right bank and help you prepare a clean application.