How to Open a Bank Account in the UAE

The UAE banking system is among the most secure and respected globally. Foreign investors, entrepreneurs, and residents can open corporate or personal accounts — but due to strict KYC regulations, proper preparation is key

Types of Accounts

Corporate Account: for registered Mainland or Free Zone companies

Personal Account: for residents, investors, employees, and family members

Required Documents

Corporate Account:

Trade license

MoA and incorporation docs

Passport and Emirates ID of owner/director

Business plan or activity description

Office lease (Ejari)

6-month bank statement from home country

Personal Account:

Passport

Emirates ID / UAE visa

Proof of address (utility bill or lease contract)

6-month bank statement

Process & Timeline

1. Choose the right bank (based on your profile)

2. Prepare documents

3. Fill KYC form and attend interview (online or in-person)

4. Internal bank compliance (7–30 business days)

5. Approval and IBAN issuance

What Do Banks Look At?

Source of funds and business legitimacy

Countries of origin and links

Proof of activity and operations

Client reputation and business profile

Your Support at Every Step

BalancePro:

Matches the right bank to your case

Prepares and reviews documents

Supports your application process

Prepares you for compliance interview

Assists until the account is opened

Ready to Open a UAE Bank Account?

Contact us — and we’ll get your account opened with minimal hassle