UAE bank account opening
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.
Bank account assistance
Bank account opening in Dubai is an important step for individuals and businesses managing financial activities in the UAE. Applicants may apply for a personal or business account, subject to the eligibility, documentation and compliance requirements of the selected bank.
UAE financial institutions follow Know Your Customer procedures and regulations issued by the Central Bank of the UAE to meet local and international compliance standards.
Why opening an account can be challenging
UAE banks enquire about expected account transactions when assessing personal and corporate applications.
Anti-money-laundering, tax-compliance and KYC rules make accurate documentation essential.
Processing times have increased, making proper preparation and timely follow-up particularly important.
How Polestar assists
Guidance on selecting a bank aligned with your profile and account requirements.
Support organising the personal, corporate and source-of-funds documentation banks request.
Coordination of appointments and communication with the relevant banking team.
Guidance on KYC questions, compliance requirements and timely application updates.
Our solutions
Guidance on bank selection, documentation, banker appointments, compliance requirements and process updates. The reference service targets opening within two weeks, subject to bank approval.
Assistance with current, savings, payroll and investment accounts. The reference service targets opening within two days, subject to eligibility and bank approval.
Savings-account assistance for eligible real-estate owners and foreign investors. The reference service targets opening within two weeks, subject to bank approval.
Corporate bank accounts in the UAE
Polestar assists companies across all three UAE jurisdictions. Companies may open multiple corporate accounts and hold multiple currencies, subject to each bank's approval and requirements.
Where a company is owned by corporate entities, banks require additional corporate documents to identify management and ultimate beneficial ownership. Requirements vary from bank to bank.
Corporate account documents
Personal and business bank statements.
For shareholders and authorised signatories.
The company's constitutional documents.
Authorising a company officer to open the account.
A valid company trade licence.
Evidence of the company's ownership structure.
Current residential-address documentation.
The company's certificate of registration.
Personal account documents
Banking Secretarial Services
Free assessment
Share your profile and account requirement. A Polestar banking specialist will contact you to discuss eligibility, documents and the appropriate next steps.
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