Corporate Bank Account Setup Services for Companies and Individuals Across the UAE
We assist businesses and individuals with opening bank accounts at major UAE banks including Emirates NBD, ADCB, Mashreq, RAKBank, Dubai Islamic Bank, and FAB (First Abu Dhabi Bank). Our team of Chartered Accountants, CPAs, and licensed financial consultants prepares all required documents, coordinates with bank relationship managers, and follows up until the account is activated. We handle corporate account openings for LLCs, sole establishments, free zone entities, branch offices, and civil companies registered in Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Fujairah, and Umm Al Quwain.
Our bank account opening scope covers mainland companies and free zone entities in DMCC, JAFZA, IFZA, RAKEZ, Sharjah Media City (Shams), Ajman Free Zone, Dubai Silicon Oasis, Dubai South, DIFC, and DAFZA. We serve businesses in retail, real estate, IT, healthcare, general trading, manufacturing, hospitality, e-commerce, construction, and professional services. Personal and savings account assistance is available for entrepreneurs, investors, freelancers, and salaried professionals. UAE banks have strict KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance requirements, and our team prepares every application to meet these standards on the first submission.
What We Offer
Corporate and Business Bank Account Opening
- Prepare and submit corporate bank account applications to Emirates NBD, ADCB, Mashreq, RAKBank, Dubai Islamic Bank, FAB, and other UAE banks with complete documentation
- Coordinate directly with bank relationship managers to schedule appointments, submit documents, and resolve queries during the review process
- Handle account opening for LLCs, sole establishments, free zone companies, branch offices, and partnerships across all 7 emirates
Personal and Savings Account Assistance
- Assist entrepreneurs, investors, and freelancers with personal bank account opening at major UAE banks
- Prepare salary transfer letters, employment contracts, and residency documents required for salaried employee account applications
- Guide clients on savings account, fixed deposit, and investment account options based on banking needs
Multi-Currency and Trade Finance Account Setup
- Open multi-currency accounts for import-export businesses that transact in USD, EUR, GBP, CNY, and other foreign currencies
- Assist with trade finance account setup including letters of credit (LC), bank guarantees, and documentary collections for trading companies
Bank Account Reactivation and Switching
- Reactivate dormant or frozen business bank accounts by updating KYC documents and resolving compliance flags
- Assist with switching banks when companies need better fee structures, service quality, or branch access in a different emirate
Benefits of Our Bank Account Opening Services
1. Lower Rejection Rates
Our team verifies every document against each bank's specific requirements before submission, reducing rejection rates and speeding up activation. UAE banks reject account applications due to incomplete KYC documents, unclear business plans, or missing financial records. Companies that maintain organized bookkeeping records and clean financial histories receive faster approvals and higher credit limits from the start.
2. Direct Bank Coordination
Our consultants work directly with bank officers to move applications through internal approvals, saving business owners weeks of follow-up. Each UAE bank has different document checklists, processing timelines, and compliance review stages. New companies that complete bank account opening as part of their business setup process begin trading and receiving payments without operational delays.
3. Right Bank for Your Business
Our team compares bank options based on fee structures, branch networks, online banking features, and industry compatibility. Emirates NBD, ADCB, and FAB offer competitive rates for high-volume trading accounts. Mashreq and RAKBank provide startup-friendly packages with lower minimum balance requirements. Dubai Islamic Bank serves clients who prefer Sharia-compliant banking products. Selecting the right bank and account type directly impacts your transaction costs, credit access, and operational efficiency.
Bank Account Opening for Startups, SMEs, and Large Enterprises in Dubai
We assist startups, small businesses, growing SMEs, and large enterprises with corporate bank account setup across every emirate and free zone in the UAE. Small businesses in Al Khabaisi, Deira, Business Bay, JLT, Downtown Dubai, Bur Dubai, and Al Garhoud rely on our team for fast, first-time-right bank account applications. Startups registered in free zones such as DMCC, JAFZA, IFZA, or Dubai South receive bank introduction letters and document preparation from the same week as license issuance.
Corporate bank account applications require a valid trade license, certificate of incorporation, MOA (Memorandum of Association), board resolution for authorized signatories, passport and Emirates ID copies of all shareholders, tenancy contract or Ejari, and a detailed business plan for new companies. Banks also request 6 months of bank statements from existing accounts, audited financial statements for established companies, and proof of business activity such as contracts or purchase orders. Our team collects, organizes, and packages every document in the format each bank requires.
Our office at Ginger Business Center, Al Khabaisi, Deira, Dubai, on Salah Al Din Street near Abu Baker Al Siddique Metro Station (Green Line), serves clients from areas near Deira City Centre, Hamarain Centre, and the Dubai Creek waterfront. Companies subject to UAE Corporate Tax under Federal Decree-Law No. 47 of 2022 need an active corporate bank account for tax payment processing through the FTA EmaraTax portal. WPS salary payments mandated by MoHRE require a corporate account with a WPS-enabled bank. Businesses involved in import-export need trade finance facilities linked to their customs code registration. Banks also verify VAT and corporate tax compliance status during the account review process, making FTA registration a practical prerequisite for smooth account opening.
Why Choose Our Bank Account Assistance Team in Dubai?
Our team includes Chartered Accountants, CPAs, and licensed financial consultants with 5+ years of experience in UAE banking relationships and corporate account setup. We have assisted 100+ businesses with bank account opening across all 7 emirates. Our office in Deira, Dubai, near the Dubai Creek waterfront, provides direct access for document review meetings and bank appointment coordination. We also serve remote clients across all emirates through secure document sharing.
Every bank account application goes through a multi-step document review and bank matching process before submission. Our team selects the most suitable bank based on your business type, transaction volume, and banking needs. We prepare all documents in the exact format the bank requires and coordinate every step from initial appointment to account activation. Businesses across the UAE receive consistent accounting and financial compliance support throughout the bank account opening process.
Dedicated bank account coordinator for every client
Direct coordination with bank relationship managers
Pre-submission document review to prevent rejection
Transparent fixed-fee pricing with no hidden charges
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Successful Clients
Our Process
1
Initial Consultation and Bank Selection
We review your trade license, business activities, transaction volume, and banking preferences. Our team recommends the best bank and account type based on your fee sensitivity, branch access needs, online banking requirements, and industry.
2
Document Collection and Preparation
We collect trade licenses, MOA, shareholder documents, Emirates ID, passport copies, tenancy contracts, and business plans. Each document is formatted and organized according to the selected bank's specific checklist. Missing documents are identified and obtained before submission.
3
Bank Appointment and Application Submission
Our team schedules the bank appointment, accompanies clients when needed, and submits the complete application package. We provide the bank relationship manager with all required documents and answer compliance questions on your behalf during the review.
4
Follow-Up and Account Activation
We track application progress, respond to additional document requests from the bank, and resolve any compliance flags. Once approved, we confirm account activation, collect chequebooks and debit cards, and set up online banking access for the client.
Frequently Asked Questions
We assist with account opening at Emirates NBD, ADCB, Mashreq, RAKBank, Dubai Islamic Bank, FAB (First Abu Dhabi Bank), and other licensed UAE banks. Our team selects the best bank for each client based on business type, transaction needs, and fee structure.
You need a valid trade license, certificate of incorporation, MOA, board resolution, passport and Emirates ID copies of shareholders, tenancy contract, and a business plan. Established companies also need audited financial statements and 6 months of existing bank statements. We provide a detailed checklist during the initial consultation.
Corporate bank account opening takes 1 to 4 weeks depending on the bank, company type, and completeness of documents. Free zone company accounts at partner banks may process faster. Our pre-submission document review helps avoid delays from rejected applications.
Most UAE banks accept free zone company accounts, though some zones have preferred banking partners with faster processing. DMCC, JAFZA, DIFC, and DAFZA companies have access to a wide range of banking options. We recommend the best bank based on your free zone and business activity.
Banks reject applications due to incomplete KYC documents, unclear business activities, missing financial records, or insufficient business plans. High-risk business activities and shareholders from sanctioned countries also face additional scrutiny. Our document preparation and bank matching process significantly reduces rejection rates.
New companies without operating history typically do not need audited statements for initial account opening. Banks instead require a business plan, projected revenue details, and shareholder background information. Established companies applying for credit facilities or higher limits need audited financial reports as part of the application.
Yes, new UAE residents with a valid residence visa, Emirates ID, and proof of income can open personal bank accounts. Salaried employees need a salary transfer letter from their employer. Investors and freelancers need proof of business income or investment capital. We guide individuals through the full application process.
KYC (Know Your Customer) is a mandatory compliance process where banks verify the identity, business activities, and source of funds of every account holder. UAE banks follow Central Bank of the UAE regulations and AML laws for KYC verification. Complete and accurate KYC documents lead to faster approvals.
Yes, we assist with multi-currency account setup at banks that support USD, EUR, GBP, CNY, and other foreign currency transactions. Import-export businesses and companies with international clients benefit from multi-currency accounts to reduce conversion costs and manage foreign receivables.
A corporate bank account is not a mandatory requirement for VAT registration, but the FTA requires a bank account for tax payment processing. VAT refund claims also require an active UAE bank account linked to the company. We recommend opening a corporate account before or immediately after VAT registration.
WPS (Wage Protection System) is a mandatory electronic salary transfer system for UAE private sector employers. Your corporate bank account must be WPS-enabled to process employee salaries through approved channels. Companies that set up payroll processing need a WPS-compatible bank account from the first pay cycle.
Yes, we assist with reactivating dormant or frozen business accounts by updating KYC documents, submitting renewed trade licenses, and resolving compliance flags with the bank. Dormant accounts often require updated financial statements and proof of ongoing business activity for reactivation.
Yes, most UAE banks charge monthly maintenance fees for corporate accounts, typically ranging from AED 50 to AED 500 depending on the bank and account type. Some banks waive fees if a minimum balance is maintained. We compare fee structures across banks to find the most cost-effective option for each client.
Some UAE banks allow remote account opening for free zone companies through power of attorney or digital onboarding channels. Most mainland bank accounts require at least one in-person visit from an authorized signatory. We coordinate appointment scheduling and document submission for international clients.
Contact us at +971501840951 or email support@taxograph.com to schedule a bank account consultation. You can also visit our office at Ginger Business Center, Al Khabaisi, Deira, Dubai, near Abu Baker Al Siddique Metro Station (Green Line). We assess your banking needs, prepare documents, and begin the bank application within the first week.