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BankingFixed price · order on its own or with a company setup

Corporate bank account opening in the UAE

Opening a corporate bank account in the UAE requires structured documentation and compliance-ready preparation. OMC prepares your file and guides you through the banking review, from eligibility to the bank's own decision.

Bank account opening

Fixed price, one-off

Live price

1Your company

Bank account opening5,000.001,362

VAT250.0068

All-in totalVAT includedAED5,250.00USD1,430

What we do for it

  • 01Eligibility and profile assessment
  • 02Business activity review
  • 03Documentation preparation
  • 04KYC and compliance structuring
  • 05Bank selection advisory
  • 06Application submission support
  • 07Follow-up and coordination
Approval is the bank's decision; we prepare you for it.5.0 on Google· 6
1,000+UAE bank accounts opened for our clients
10+UAE banks where we work with named account-opening officers
  • Wio
  • Mashreq
  • FAB
  • ADCB
  • Emirates Islamic
  • Emirates NBD
  • UBL
  • RAKBANK

Two levels of help

Advice comes with some packages. The full service is a fixed price.

Bank account opening consultation

Included

Standard help with opening your bank account is already included in the UAQ FTZ and Ajman Offshore packages.

Comes with your setup. Nothing to add.

Bank account opening

AED5,250USD1,430 VAT included

Choose this for a fully managed experience: we handle the whole application and prepare all your documents.

Order bank account opening

Our process

From eligibility check to open account

A structured, end-to-end approach: each stage exists to remove a reason the bank could send your file back.

YouOMCBank
  1. 01

    Eligibility and profile assessmentOMC

    We review your company profile and confirm which banks will consider a business like yours before any paperwork starts.

  2. 02

    Business activity reviewOMCYou

    We assess your business model and expected transaction profile, because that is what the bank's risk team reads first.

  3. 03

    Documentation preparationOMC

    We prepare and organise every required document in the format the chosen bank asks for.

  4. 04

    KYC and compliance structuringOMC

    We structure your KYC profile, ownership chart and source-of-funds evidence so nothing is left to interpretation.

  5. 05

    Bank selection advisoryOMC

    We recommend the institutions whose risk appetite, minimum balance and service actually fit your business.

  6. 06

    Application submission supportYouOMC

    We guide the submission and attend to the bank's process requirements as they arise.

  7. 07

    Follow-up and coordinationBankOMC

    We liaise with the bank through the review and keep you updated, rather than leaving you to chase it.

Banking support for every structure

The right account for how you actually operate.

Newly formed companies

Your first operational account

With the compliance profile structured properly from day one rather than repaired later.

Existing UAE businesses

Switching or adding a bank

Or refreshing KYC documentation your current bank has asked to see again.

Offshore entities

Holding and international structures

Where the documentation has to satisfy both the bank and the jurisdiction.

International shareholders

Non-resident owners

Source-of-funds evidence presented carefully, because this is what triggers enhanced due diligence.

Corporate current accountsThe core operational account: payroll, supplier payments and client collections within the UAE.

Standard

Multi-currency accountsReceive and settle in foreign currencies without converting twice.

Multi-currency

Offshore company accountsFor holding structures, international groups and offshore entities that need UAE banking access.

Holding

Personal accounts for investorsFor investor visa holders and resident shareholders, alongside the company's account.

Individual

What the bank will ask for

Requirements vary by institution and entity type, and we confirm the exact list for your application rather than handing you a generic checklist.

Standard documents

  • 01Trade licence (attested where required)
  • 02Certificate of incorporation
  • 03Memorandum and articles of association
  • 04Shareholder and director passports
  • 05Proof of residential address
  • 06Corporate ownership structure chart

Compliance documents

  • 01Business plan or company profile
  • 02Source of funds declaration
  • 03Expected transaction profile
  • 04Existing bank statements, if applicable
  • 05Tenancy agreement or office proof
  • 06Board resolution for account opening

Banking considerations

Due diligence, transparently

Approval

Independent approval criteria

Every UAE bank applies its own risk appetite and compliance framework. We prepare your file to the highest standard; the approval decision rests with the bank.

Timeline

Typically two to eight weeks

Depending on the institution, entity type and the complexity of the compliance review. We tell you where your case realistically sits.

Compliance

Mandatory compliance review

Every application goes through KYC and AML screening. Enhanced due diligence applies to offshore entities, international shareholders and higher-risk sectors.

Why a file gets sent back

Applying to the wrong bank for your business type, or submitting an incomplete file, is what causes most rejections, and a rejection can make the next application harder. A short conversation up front to confirm the right bank and the exact documents needed usually saves weeks.

Questions? We've got answers.

Straight answers on timelines, documents and what a bank actually decides.

How long does it take to open a corporate bank account?

Typically two to eight weeks, depending on the institution, your entity type, and how complex the compliance review is. Offshore entities and international shareholding structures usually sit at the longer end because they attract enhanced due diligence.

Who decides whether my account is approved?

The bank. Every UAE bank applies its own risk appetite and compliance criteria. What we control is the quality of your file: documentation, KYC profile and source-of-funds evidence prepared to the standard banks expect, which is what most rejections come down to.

Why do banks ask so much about source of funds?

UAE banks operate under strict KYC and AML obligations, so they must understand where your money comes from and what your account will realistically be used for. It isn't suspicion, it's regulation. We help you evidence it clearly at the outset.

What happens if the bank rejects my application?

We review the reasons with you, and where appropriate restructure the file or approach a bank whose risk profile is a better fit for your business. The service fee covers work already performed, as set out in our Refund Policy.

Can I open a multi-currency or offshore company account?

Yes. Alongside standard corporate current accounts, we assist with multi-currency accounts, accounts for offshore and holding structures, and personal accounts for investor visa holders and resident shareholders.

What is the minimum balance requirement?

It varies by bank and by account type. Some banks set a modest minimum; others expect a substantial balance to be maintained. We tell you the requirement for the specific bank we recommend, up front.

Ready to open your UAE corporate account?

We prepare your file to the standard banks expect (documentation, KYC profile and source-of-funds evidence), then coordinate the review on your behalf.

I had a great experience with OMC. The entire process was smooth, professional, and well-organized. Kashif was extremely helpful with the company registration process and guided me through every step with patience and clarity. Zubair provided excellent support with tax accounting, making everything easy to understand and ensuring all requirements were handled correctly. Roxy was also very efficient in assisting with the bank account opening process, making it quick and hassle-free. I truly appreciate the team's professionalism, responsiveness, and dedication. I highly recommend Oxford Management Consultancy to anyone looking to start a business in the UAE.
Toffer De GuzmanGoogle review, July 2026Read all reviews

Bank account opening · Fixed price, one-off

Bank account opening5,000.001,362

VAT250.0068

All-in totalVAT includedAED5,250.00USD1,430
Bank account opening VAT includedAED5,250.00USD1,430
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