Get A Guaranteed 100 % Refund if we are unable to open your UAE bank account.

Take our free assessment to see if you are eligible

Free Assessment

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.

Why Bank Account Opening in UAE Is a Tough Challenge?

All UAE banks will enquire about your account transactions while opening your personal or corporate bank account in Dubai, UAE.

Stringent rules, anti-money laundering and tax compliance requirements have made banking a complicated task.

The processing time has increased compared to previous years, and it is a risk to wait for a long time till your bank account is opened.

How Polestar Acts As Your Savior?

Polestar has a team of senior banking experts who have dealt with UAE Banks for more than 15 years and know everything about compliance procedures. They can guide you on KYC requirements to open a bank account in Dubai and make the entire documentation process easier for you.

We have a 98% success rate for personal and corporate bank account opening. This 98% is a milestone for us as though there are more than 2000 competitors in the industry, only we could reach this record. Though many succeeded in company registration but very few could meet the expectations of customers when it comes to bank account compliance requirements.

Polestar has partnered with the most trusted banks in the UAE

Our Solutions

Opening business accounts – 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 –Within 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 applicant’s 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:

Regular Banking Update/Notification

Trade Licence Updation

KYC Updation

Advisory Services for Contract & Invoice Preparation

Trade Licence Updation

Yearly Customer Due Diligence (CDD) Preparation for Personal/Corporate Accounts

Introduction of Relationship Manager

Banking Facilities-Credit Card, Corporate Business Loans

Dealing with Law of Inheritance Issues

Forex Rate Negotiation with RM's

To know more about bank account assistance services, contact our experts today.

Get in touch with us

Our Services

Bank Account Assistance

Dubai is one of the bustling business hubs where most financial activities take place.

Read More

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.

Read More

PRO Services

Companies in the UAE require the services of a Government Liaison Officer commonly referred to as Public Relations Officer for incorporation.

Read More

Accounting Services

It is a mandatory requirement for businesses of all sizes to keep accurate and updated records of financial transactions.

Read More