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Corporate Bank account

Opening a Corporate Bank Account in Dubai

Dubai Corporate bank accounts are beneficial for both UAE residents and non-residents who are globally mobile as they allow them to manage their affairs easily to repatriate or send money abroad, without having to go through the onerous process of setting up foreign accounts. Usually many of the non-residents make use of offshore companies to open corporate bank account to reap the benefit of having a bank account in Dubai.

UAE banking benefits:
  • High level of secrecy
  • Easy International access
  • Zero taxation
  • To ease the transfer of funds
  • Non-restrictive banking options
  • Asset management
UAE local bank facilities includes:
  • Wide variety of accounts
  • Multiple currencies
  • Internet banking and Telephone banking
  • Checking accounts
  • Savings accounts
  • Debit and credit card facilities
  • Fixed term deposits and instant access deposits
  • Wealth management etc
Documents required:
  • Includes filling up an account opening application
  • Passport copy of the shareholder
  • Proof of residence
  • Last six months bank statement
  • Know Your Customer (KYC) which is the due diligence done by the bank
The following is a list of Dubai leading banks:
  • Emirates NBD
  • Abu Dhabi Commercial Bank
  • Mashreq Bank
  • First Gulf Bank
  • United Arab Bank
  • Bank of Baroda
  • Dubai Islamic Bank
  • Commercial Bank of Dubai Ltd
  • Noor Islamic Bank
  • Union National Bank