Bank Account Opening
We will help you open a corporate or personal bank account in the UAE, providing unlimited access to the international financial system and convenient, reliable financial services.
Opening a corporate bank account
Opening a personal bank account
Opening a corporate bank account on Binance
Assistance in collecting and preparing the necessary documents for opening a bank account
Insight — your reliable partner for opening bank accounts in the UAE:
Corporate account opening time - from 3 weeks, personal - from 3 days
Possible without personal presence
Assistance in preparing a document package
Do you want to access international financial markets and protect your business? Do you want to have a personal bank account in a reliable bank? Insight provides services for fast opening of bank accounts in most banks in the UAE.
Advantages of opening a bank account in the UAE:
Reliability and stability of the banking system
Confidentiality of information about the account owner
Wide range of banking services
Low cost of account maintenance
Insight offers you individual support at all stages of opening a bank account.
Opening an account for your company in a UAE bank is a unique opportunity for your business to expand its horizons and gain access to the international financial market. The UAE has a high reliability rating for banking institutions.
We work with leading banks in the UAE, ensuring high-quality service and minimal account opening times.
We also provide professional assistance in preparing the necessary documents, which allows reducing the time for the account opening procedure. We guarantee complete confidentiality when opening a bank account in the UAE, allowing you to protect your business and finances.
As there are many local and international banks in the UAE, choosing a bank that suits your personal or business requirements is crucial. Factors such as reputation, range of services, fees, and accessibility need to be considered. We recommend consulting with our experienced advisors who will assist you in this process and recommend banks that meet your needs and preferences.
Copy of the director`s and shareholders passports
CV of the company director
Emirates ID of the director/shareholder of the company
Company business license and other founding documents
Confirmation of the actual address of the company - office lease agreement or property ownership certificate
Company profile (presentation) with information about its activities
Statement from the personal bank account of the founder for the last 6 months
Information about other companies where the director holds a managerial position
We will assist in preparing all documents to meet the specific requirements of the bank.
According to local regulations, many banks in the UAE may require the physical presence of the account owner during the account opening process. We provide full support for the entire process of visiting the bank and filling out the necessary documents.
Also, please note that many banks currently offer digital solutions for account opening for greater convenience.
Different banks have different requirements for the minimum account balance when opening an account, which may vary depending on the type of account and desired services. For corporate accounts, minimum balance requirements start from 50,000 AED (13,500 USD) and can reach 750,000 AED (136,500 USD).
UAE Bank Account for Non-Resident Companies
Companies registered outside the UAE can also apply to open a bank account in the UAE. This is the most challenging category of applicants, and the approval rate for such accounts is quite low.
To do this, you need to prepare all the founding documents of your foreign legal entity, legalize and attest them for enforcement in the UAE.
The required documents include:
Certificate of proper legal status
Certificate of authorities of company officers/authorized representatives
Articles of association
Registration certificate
License (if available)
Presence of contracts and other transaction justifying documents (provided upon bank request)
Compliance of payment purposes with the types of company activities according to its license
Timely provision of information about all changes in the company (changes in the company`s founding documents, its structure, shareholders, etc.)
Confirmation of the extension of issued licenses and permits
Valid visa for the company director
Opening a personal bank account is significantly simpler than the corporate one. The timelines and the procedure depend on the specific bank and its internal rules. The document package and the compliance process also differ. We are ready to guide the entire account opening process `turnkey.` Required documents vary for each bank, but a standard document package includes:
- Copy of passport
- CV of the individual
- Emirates ID of the individual
- Personal bank account statement for the last 6 months
- Confirmation of the individual`s address in the UAE
Timelines
Corporate account opening takes approximately 3 weeks and may be extended (depends on the company type, nationality of shareholders/director, and the company`s activities).
Standard timeline for opening a personal account is 3 business days.
