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You are here: Home1 / Company in Dubai2 / Bank Accounts
  • Bank Accounts

We work with several banks in the UAE to open bank accounts for our clients’ companies. Opening an account remains complicated, regardless of the size of the company. It is therefore advisable to prepare the account opening file as best as possible so that the bank classifies this opening request as “low” risk.

A client will be classified by a “high risk” bank if:

– If his company is registered with a registry in the UAE badly reputed;

– The partner is not a resident of the Emirates;

– The future activity of the company is not clear or too general;

– The client has no professional experience or an unclear source of funds;

– The personal bank statements presented show a negative, weak or inconsistent balance with the future activity of the company.

In these cases, there is a real risk that the banker will refuse to open an account or request additional information, which will then require more time to open an account (minimum 1 month and a half …).

You will find below a description of several banks located in Dubai accepting the opening of accounts for companies registered in the UAE. Their names are not mentioned but do not hesitate to contact us to know their name.

NameProfileRemote OpeningConditionsMin. DepositTimeline to Open
Bank ALocal bank for Mainland
and Free-zone
NOResidence visa is required + UAE utility bill to provide in the 90 days.
AED 50 000
2 weeks
Bank BLocal bank for Mainland
and Free-zone
NOResidence visa is required + UAE utility bill
No minimum
1 week
Bank C Local bank for Mainland
and Free-zone
NOResidence visa is required
AED 50 000
2 weeks
Bank DLocal bank for Mainland
and Free-zone
NOResidence visa is required + UAE utility bill + private office if trading license
AED 200 000
1 month
Bank ELocal bank for Mainland
and Free-zone
NOResidence visa is required
AED 25 000
2 weeks
Bank FLocal bank for Mainland, Free-zone and offshore
YESNo conditions
No minimum
1 week
Bank GOnline bank for investments for Mainland, Free-zone, Offshore, Foundation
YESNo conditions
AED 367 250
1 week
Bank HOnline bank for investments for Mainland, Free-zone, Offshore, Foundation
YESNo conditions
AED 36 725
1 week
Bank IOnline bank for investments for Mainland, Free-zone, Offshore, Foundation
NONo conditions
AED 3 650 000
1 month
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Merritt Middle East DMCC
Office n°1005 – 10th floor
Goldcrest Executive Tower – Cluster C
Jumeirah Lakes Towers – Dubai
United Arab Emirates

Phone: +971 4 422 1345
WhatsApps: +971 52 557 3356
Email: support@merritt.group

All corporate services are provided by Merritt Middle East DMCC.
All legal services are provided by Merritt Legal Consultants FZ LLC.

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