How do I get a business bank account in Dubai?

Getting a business bank account in Dubai is a crucial step for setting up and operating your business. Here are the general steps to follow to obtain a business bank account in Dubai:


  1. Choose a Bank: Research and select a bank that best suits your business needs. Consider factors such as reputation, services offered, fees, online banking facilities, and accessibility of branches.


  1. Gather Required Documents: Prepare the necessary documents to open a business bank account. The specific requirements may vary between banks, but generally, you will need:
  • Completed application form: Fill out the bank's business account application form with accurate and up-to-date information.
  • Business License: Provide a copy of your business license issued by the relevant authorities in Dubai.
  • Memorandum of Association (MOA) or Articles of Association (AOA): Submit the MOA or AOA of your company, which outlines its structure, ownership, and activities.
  • Passport copies: Provide passport copies of the company's directors and shareholders.
  • Proof of Address: Submit documents verifying the business's physical address, such as utility bills or a tenancy contract.
  • Business Plan: Some banks may request a business plan outlining your company's objectives, operations, and financial projections.
  • Company Stamp: Create a company stamp and have it ready for use during the account opening process.


  1. Schedule an Appointment: Contact the chosen bank to schedule an appointment for opening a business bank account. It is advisable to inquire about any additional documents or specific requirements before the meeting.


  1. Attend the Appointment: Visit the bank branch at the scheduled time and bring all the required documents. The bank representative will guide you through the account opening process, verify the documents, and assist with completing the necessary forms.


  1. Initial Deposit: Make the initial deposit into the newly opened business bank account. The minimum deposit requirement varies among banks, so ensure you have the necessary funds available.


  1. Activate Online Banking Services: Enquire about the bank's online banking services and ensure that you activate them. Online banking will provide convenient access to manage your business finances, make transactions, and access account statements.


  1. Additional Services: Discuss with the bank representative any additional services your business may require, such as credit cards, merchant services, or trade finance facilities. Understand the associated fees and requirements for these services.

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