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Open Your Business
Bank Account in UAE


Get Your Bank Account


Choosing the right bank – is one of the most difficult tasks, on which the success of opening an account and ultimately the operations of your business completely depends.


With SandB Bank Account Assistance Service, in just a few clicks, you can apply for your Business Bank Account at multiple banks.



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Bank Account Opening in UAE

The Ultimate Guide for Entrepreneurs

Choosing the right bank – is one of the most difficult tasks, on which the success of opening an account and ultimately the operations of your business completely depends.

  • Each bank has its own criteria of onboarding clients, these are 
    • business is not conducted in the country where the bank is located
    • beneficiaries from certain countries
    • some banks do not open accounts for companies with certain types of activities
    • some banks do not open accounts for companies with a relatively small turnover
    • and many other criteria

By submitting an application to the “wrong” bank, you will lose precious time which will make your business suffer.

Talk to our Experts

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Choosing The Right Bank


To ensure you’re selecting the right bank, consider asking yourself a few key questions:


  • What is the minimum balance requirement for a corporate account?
  • What fees, charges, and penalties should I be aware of?
  • Are there specific requirements for employee salary transfers?
  • What’s the limit on daily or monthly transactions for the account?
  • What are the costs for issuing corporate debit or credit cards?
  • Does the bank offer international transfer services? If so, what are the fees, transfer times, and supported currencies?
  • How extensive is the bank’s ATM and branch network, and are there any exclusive services for corporate clients?
  • What are the procedures if my business faces financial difficulties or needs additional credit?

Every bank caters to different segments of the market, that comes with different packages and offers of their products and thus a different on boarding requirements for their targeted customers with SandB Bank Account Assistance Service, in just a few clicks, you can apply for your Business Bank Account at multiple banks. We will create your Banking Profile and introduce your company to the banks of your choice and help connect you directly to the banker responsible for the accounts opening.

Think of it like matchmaking: you have specific needs, and banks are looking for clients that fit their criteria. We’ll create your Banking Profile, introduce your company to the banks of your choice, and connect you directly with the banker responsible for opening your accounts. This way, you start building a long-lasting relationship with a bank that aligns with your business goals.

Get Your Bank Account

How can we help?

Expert Assistance

Depending on your requirements, we can help you choose the right

bank; we know exactly what each bank requires and will help you

choose only those banks that meet the criteria of your business.

Banking Profile Preparation

We will prepare a Professional Banking Profile for you in full

compliance with the requirements of banking KYC procedures

(source and volumes of incoming and outgoing payments, customers

and suppliers, etc..)

​

Required Documents Support

Our experts will provide you with a checklist of all the documents

that the bank requires. We will support and guide you in the process

of obtaining the documents.

Bank Account Pre-Approval

To avoid unnecessary delays, we will consult with the selected bank

regarding your company’s account opening and get a preliminary

opinion for you within three days of receiving all required documents.

Direct Bank Introduction

We will introduce your company directly to the bankers responsible

for opening accounts at the selected banks.

Priority Lane & Fast Track

Be the first in line thanks to our special arrangements with the

banks. Feel like VIP!

Limitless Opportunities

Get access to highly sought-after financial service

providers and experts in document assistance

Our Regional Experience

Get in touch with us about your financial needs,

and we’ll match you with the right provider

Personalized Support

Receive dedicated guidance every step,
for hassle-free bank account opening process

Choose from over 25 local & international
 financial services providers

find the right banking partner with us.

Speak to Our Experts

How to Open a Bank Account? 

Step 1: Submit Documents  

The Required documents may vary from bank to bank but as a general rule of thump the below are required by most banks

Company Documents:

  • Trade License
  • Certificate of Incorporation
  • Memorandum of Association (MOA) and Articles of Association (AOA)
  • Proof of Address of the company (Ejairi, DEWA) 
  • Bank Statement (Latest 3 months) (if applicable) 
  • Power of Attorney for authorized signatory (if applicable)
  • Certificate of Good Standing (if applicable)
  • VAT Certificate (if applicable)
  • Business Plan (may be required for certain types of businesses)

Shareholder and Director Documents:


  • Passport Copies of all shareholders and directors
  • Emirate ID of Authorized signatory(s)
  • CV of all shareholders
  • Shareholder's latest 3 months Bank Statements
  • Proof of Address for all shareholders and directors (e.g., utility bills, bank statements)

Step 2: Complete Verification

the bank verification process for corporate accounts often involves in-person verification.

 This typically means that the authorized signatories of a company need to meet with a bank representative in person. During this meeting, the signatories will be required to sign the necessary bank forms and provide any required documentation to complete the verification process. This step ensures the authenticity of the signatures and the legitimacy of the account holders, adhering to the bank's regulatory and security protocols.

Step 1: Submit Documents  


Step 2: Complete 
verification

Get your IBAN

Why You should apply for Multiple Banks

woman sitting on chair


The process of opening a bank account generally takes time
(up to several weeks) in the UAE and requires the preparation of corporate

documents that expire quickly. At SandB, we’ve got your

back with multiple bank applications submitted simultaneously.

Here are some reasons why applying to several banks in parallel is a good idea.

1. Time-saving

To open your bank account in the shortest amount of time, it is

recommended that you apply to more than one bank at once. With

our packages, you can choose from 3, 5 or 10 banks.

2. Better to have two accounts than one

To ensure the company’s smooth operation, it is always wise to have

two accounts in different banks. Plan B will always be there in case

there are complications with one bank.

3. You can always opt-out

If you have applied to open an account with five banks, but all five

have confirmed opening an account, this does not mean you are

obliged to open an account in all five banks. You can discontinue the

application at less attractive banks at any time and focus solely on

opening accounts at those you find most appealing.

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