Dubai is one of the bustling business hubs where most financial activities take place. One can open a bank account in Dubai for both personal and business purposes. Bank account opening in the UAE requires certain basic requirements. All financial institutions and their operations come under the Central Bank of the UAE; a KYC (Know Your Policy) has been set by the Central Bank to meet international standards.
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Why Bank Account Opening in UAE Is a Tough Challenge?
How Polestar Acts As Your Savior?
Polestar has partnered with the most trusted banks in the UAE
Our Solutions
Opening business accounts โ Within 2 weeks
Prompt Guidance: selecting the right bank, assisting in the documentation, fixing an appointment with a banker, handling all compliance requirements and timely update about the process.
Opening personal accounts - Within 2 days
Current, savings, payroll, and investment accounts
Personal accounts for non-residents โWithin 2 weeks
Savings accounts for real estate owners & foreign investors
Corporate bank account
in UAE
There is a rising demand for UAE corporate bank accounts due to their high level of privacy. We help you in opening a corporate bank account in the below-mentioned jurisdictions in the UAE:
Mainland
Free Zone
Offshore
All types of companies can open multiple corporate bank accounts with multiple currencies. Companies that are owned by corporate entities will need to provide a list of corporate documents to identify the management and ultimate beneficial ownership of the structure.
The requirements to open a corporate bank account in Dubai may vary from bank to bank.
Documents required to open a Corporate Bank Account in Dubai
6 months personal and business bank statement
Passport copies for shareholders and authorized signatories
Company Memorandum & Articles of Association
Board Resolution empowering a company officer to open the account.
Company Trade License
Share Certificate
Proof of residence
Certificate of Registration
Personal bank account
Types of Personal Bank Accounts in UAE
Opening a personal bank account provides several advantages to users such as global access and secure payments with high-level technical support.
- Mainland
- Free Zone
- Offshore
Documents Required for Personal Bank Account Opening in Dubai
Last 6 months personal bank statement from applicantโs country of origin or anywhere across the globe
Original bank reference letter of an applicant from her/his personal or company bank account in the country of origin or anywhere across the globe (requirement varies from bank to bank)
Most banks in the UAE require a minimum monthly average balance for opening a non-resident personal bank account in the UAE.
Personal Profile or Curriculum Vitae of the applicant
Information on the source of
incoming funds
Passport copy with UAE
entry page.
Latest utility bill
Polestar has a team of banking experts with more than 15 years of experience who
can go the extra mile to make sure your bank account opening process in UAE goes smoothly.
Banking Secreterial Services
Banking Secretarial Services include all that you need for a smooth banking journey after setting up your business in the UAE.
Polestar Advisory Services offers you comprehensive assistance in the following:
To know more about bank account assistance services, contact our experts today.
Our Services
Bank Account Assistance
Dubai is one of the bustling business hubs where most financial activities take place.
Visa Services
It is mandatory for all visitors to have a valid visa before entering the UAE unless they are from one of the Gulf Cooperation Council (GCC) countries, wherein a visa will be granted to them on arrival.
PRO Services
Companies in the UAE require the services of a Government Liaison Officer commonly referred to as Public Relations Officer for incorporation.
Accounting Services
It is a mandatory requirement for businesses of all sizes to keep accurate and updated records of financial transactions.