Corporate Bank Account opening
Opening a corporate bank account in Dubai is a strategic step for businesses operating in or through the UAE. While Dubai offers a robust banking system with excellent international connectivity, regulatory scrutiny has increased, and banks now require thorough documentation and justification of the business model.
Here’s a detailed overview to help you navigate the process:
Benefits of a Corporate Bank Account in Dubai
- Access to multi-currency accounts
- No exchange control restrictions
- Online and mobile banking
- Stable banking environment with strong privacy
- International money transfers with ease
- Acceptance by global partners
Popular Banks for Corporate Accounts in Dubai
| Local Banks | International Banks |
|---|---|
| Emirates NBD | HSBC Middle East |
| Mashreq Bank | Standard Chartered |
| RAKBANK (RAK Islamic) | Citibank |
| Dubai Islamic Bank | - |
| First Abu Dhabi Bank | - |