Bank Account Opening in Dubai, Abu Dhabi – UAE
Every year, a lot of people choose to move to UAE for a better lifestyle and success. if you are planning to move to the UAE, getting a local bank account is one of the first steps you should take. It helps you to manage your money, pay bills, and handle daily expenses quickly. Whether you want to open bank account online or face to face, we can assist you through our partner banks in the UAE.
Why UAE Bank Account is Necessary for Business Owners?
UAE businesses need a bank account in Dubai, Abu Dhabi, Sharjah and all other Emirates of the UAE to manage their financial operations. Having a local account makes transactions easier and payments quicker. A business bank account gives you the right and ability to:
- Transact with other businesses and natural persons
- Invest in capital markets
- Process salaries through mandatory Wage Protection System, also called WPS.
- Obtain bank facilities, loans, financing
- Car and house loans and mortgages
- Process end of service benefit payments or gratuity
- And now you can invest in cryptocurrencies too
Types of Banks and Bank Accounts in UAE
There are 4 different types of banks in the UAE. The types are:
- Commercial banks
- Investment banks
- Industrial banks
- Islamic banks
The types of Bank Accounts are:
- Current Accounts
- Savings Accounts
- Investment Accounts
- Offshore Accounts
How Vertix Auditing Can Help You Open a Bank Account in UAE
Assessment of Eligibility and Requirements: We meet with you and gather all your requirements. Based on that, we start our working and shortlist the most suitable banks with the highest approval rates.
Document Preparation: Our experts guide you through preparing and organizing the required documents, which typically include:
For Corporate Accounts:
- KYC
- UBO
- Trade License
- Memorandum of Association (MOA)
- The registration certificate of the company
- Shareholder and Director IDs and passports
- Company profile
- Business plan
- Office tenancy contract (Ejari/Tawtheeq)
- Last 6–12 months of financial statements (if available)
For Personal Accounts:
- KYC documents
- Passport and Visa
- Emirates ID
- Salary certificate or proof of funds
- Utility bill or address proof
Bank Coordination and Appointment Handling: Once your documents are ready, we submit those documents to our partner banks and schedule an appointment for you. In case bank needs a third party verification from audit companies or legal firms, we handle that for you.
Full Support from Start to End: After we submit your application, we stay in touch with the bank until your account is fully opened and operational. We help you through the entire process and ensure that opening a bank account in Dubai or any other Emirate is completely trouble-free. We proactively address issues like KYC, UBO disclosures, and FATF-related compliance risks. Contact us today to find out more about our experience and best banks in the UAE.
