By Kompani Setup advisers · Updated 15 October 2026
In short
- Banks carry out detailed checks on new companies, so preparation matters most.
- You’ll need your license, company documents, shareholder IDs and proof of source of funds.
- Choose banks that suit your activity, expected transactions and minimum balance.
- Clear, consistent documents are the best way to avoid delays or rejection.
Why it can take time
UAE banks follow strict know-your-customer (KYC) and anti-money-laundering rules. For a new company they want to understand who owns it, what it does, where its money comes from and what transactions to expect. The more clearly you show this, the smoother it goes.
Before you apply
- Your company should be licensed, with its establishment card issued.
- Many banks prefer at least one signatory with a UAE residence visa and Emirates ID.
- Have your office or lease details ready.
Documents you’ll usually need
- Trade license, memorandum and articles of association, and share certificate
- Register of shareholders and ultimate beneficial owners
- Passports, visas and Emirates IDs of shareholders and signatories
- Proof of address and CVs of shareholders
- A short business profile or plan, with expected monthly transactions
- Proof of source of funds, such as bank statements or contracts
Choosing a bank
Compare traditional banks and digital business banks on minimum balance requirements, fees, international transfers, online banking and how they view your activity. Applying to a well-matched bank is far better than applying to many at once.
Step by step
- Shortlist banks that suit your activity and transaction profile.
- Prepare your profile, making sure every document tells the same story.
- Apply and meet the bank, in person or by video if the bank allows it.
- Compliance review: answer any follow-up questions quickly and completely.
- Account opening: activate online banking and order cards.
Common reasons for delays or rejection
- Unclear or undocumented source of funds
- Activities or counterparties the bank sees as high risk
- Inconsistent information across documents
- Expected transactions that don’t match the business profile
- No visible UAE presence or substance
Can offshore companies open an account?
Often yes, but banks review offshore companies more carefully and may ask for more detail about the structure and its purpose.
Our corporate bank account service matches you with suitable banks and follows your application through.
