Support for opening bank accounts (corporate)
This page describes support for opening a corporate bank account in the UAE.
Support for opening a corporate account
You have established a corporation in Dubai or UAE Free Zone, but are unable to open a bank account. We provide support for opening a corporate bank account for those who are unable to do so.
Below are the steps for opening a corporate account.
STEP1. Contact us
Please start by contacting us with information about your company’s situation, the banks you have tried to open in the past, and whether or not you can speak English.
STEP2. Confirmation of required documents
We will verify the set of documents that your company submitted to the bank last time.
STEP3. Estimate and deposit
If you are satisfied with the estimate, please transfer the funds to the designated bank account.
STEP4. Prepare necessary documents and send them to the bank
In general, the following documents are required by banks. （We can assist you in preparing any missing documents to the extent possible.
- Passport, Emirates ID card and visa for the representative
- Passport, Emirates ID card and visa for the director (if different from the representative)
- Office Agreement
- Representative’s Residence Agreement
- Documentation stating the intended use of the account
- Documentation proving source of funds
- List of contracts already finalized
- Referral letter from business partner
- business plan
- Other legal documents related to the corporation, etc.
STEP5. Bank Interviews
We will visit the bank to conduct the interview. An interpreter will be brought in to conduct the interview if necessary.
STEP6. Notification of results from the bank
You will receive the results of your account opening at a later date. Thank you for your help!
In the unlikely event that an account cannot be opened, we will apply to open an account at another bank at no additional charge.
Click here to contact us.
Major Banks in the UAE
Here is a list of major banks in the UAE.
- First Abu Dhabi Bank (FAB)
- Emirates NBD
- ADCB Group (Abu Dhabi Commercial Bank)
- Dubai Islamic Bank (DIB)
- Abu Dhabi Islamic Bank (ADIB)
- Commercial Bank of Dubai (CDB)
- National Bank of Ras Al-Khaimah (RAKBANK)
- Mashreqbank Group (Mashreq)
- Emirates Islamic bank (EIB)
Next, a brief description of each bank will be provided.
First Abu Dhabi Bank (FAB)
First Abu Dhabi Bank is the largest bank in the United Arab Emirates. Its headquarters is located in Abu Dhabi.
It was established after the merger of First Gulf Bank and the National Bank of Abu Dhabi in 2017. FAB provides financial solutions, products and services through Corporate and Investment Banking and Personal Banking.
Emirates NBD
Emirates NBD Bank is owned by the Government of Dubai and is one of the largest banking groups in the Middle East in terms of assets.
Emirates NBD was originally established in 1963 as the National Bank of Dubai (NBD) by the then ruler of Dubai, Sheikh Rasheed bin Saeed Al Maktoum, as the first national bank established in Dubai. merged with Emirates Bank International (EBI) to become Emirates NBD.
NBD stands for National Bank of Dubai.
ADCB Group (Abu Dhabi Commercial Bank)
Abu Dhabi Commercial Bank PJSC, also known as ADCB, is a bank in the United Arab Emirates. Abu Dhabi Commercial Bank was established in 1985 as a public shareholding company with limited liability following the merger of Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank, which was established in 1975. It is one of the government-owned banks in which the government of Abu Dhabi holds a 65% stake.
Dubai Islamic Bank (DIB)
Dubai Islamic Bank was founded in 1975 by Hajj Saeed bin Ahmed Al Lootah. It is the first Islamic bank in the world to incorporate Islamic principles into all its practices and is the largest Islamic bank in the UAE.
Abu Dhabi Islamic Bank (ADIB)
Abu Dhabi Islamic Bank PJSC is an Islamic bank based in Abu Dhabi, United Arab Emirates. It was established in 1997. The founders of Abu Dhabi Islamic Bank PJSC hold a 29% stake in the bank, with the remaining 71% held by approximately 100,000 shareholders.
Commercial Bank of Dubai(CDB)
Commercial Bank of Dubai (CBD) is a UAE banking and financial services company headquartered in Deira, Dubai. Gulf Business magazine lists CBD as the seventh largest bank in the UAE with total assets of over US$23 billion. It is also included in the Dubai Financial Market Index.
National Bank of Ras Al-Khaimah (RAKBANK)
RAKBANK is the trading name of Ras Al Khaimah National Bank, a public joint stock company headquartered in the Emirate of Ras Al Khaimah, United Arab Emirates. It is listed on the Abu Dhabi Stock Exchange.
Mashreqbank Group (Mashreq)
Mashreqbank PSC is the oldest privately owned bank in the United Arab Emirates. It was established in 1967 as the Bank of Oman. Today Mashreqbank offers conventional and Islamic personal banking services including deposits, loans, and credit cards.
Emirates Islamic Bank (EIB)
Emirates Islamic is one of four Islamic banks in Dubai, United Arab Emirates. The bank was established in 2004 to provide banking services in line with Shariah principles. It offers products designed for individuals, small and medium-sized businesses, and large corporations.
How was your experience? We have many banks in Japan, so if you have any questions about opening a bank account, please contact us.
