How to open a corporate bank account in UAE for your company

Understand which is the best bank in UAE for your Freezone or Mainland Company.

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00:00 Intro
01:24 Why you cannot open a bank account
01:12 Bank policies
02:20 Wrong business activity
03:03 High risk vs low risk businesses
04:18 Applying at the correct banks
05:44 Common Questions
06:22 Open bank account without Emirates ID
09:00 Unable to open bank account?
09:29 Offshore Banking
10:06 Contact information

No matter where your company is registered, a bank account in most of the following banks in UAE.

1. Abu Dhabi Commercial Bank (ADCB)
2. Abu Dhabi Islamic Bank (ADIB)
3. Ajman Bank
4. Al Hilal Bank
5. Al Maryah Community Bank (mBank)
6. Bank of Sharjah (BOS)
7. Commercial Bank International (CBI)
8. Commercial Bank of Dubai (CBD)
9. Dubai Islamic Bank (DIB)
10. Emirates Islamic (EI)
11. Emirates NBD (ENBD)
12. First Abu Dhabi Bank (FAB)
13. Invest Bank
14. Mashreq
15. National Bank of Fujairah (NBF)
16. National Bank of Ras Al-Khaimah PJSC (RAKBANK)
17. National Bank of Umm Al-Qaiwain
18. Ruya Community Islamic Bank
19. Sharjah Islamic Bank (SIB)
20. United Arab Bank (UAB)
21. Wio Bank
22. Zand Bank


Bank Accounts can be opened for companies registered in the below freezones.

*Abu Dhabi*

1. Abu Dhabi Airport Free Zone (ADAFZ)
2. Abu Dhabi Global Market (ADGM)
3. Khalifa Industrial Zone Abu Dhabi (KIZAD)
4. Masdar City Free Zone
5. twofour54

*Dubai*

6. Dubai Airport Free Zone (DAFZ)
7. Dubai Auto Zone
8. Dubai Cars & Automotive Zone (DUCAMZ)
9. Dubai Biotechnology & Research Park (DuBiotech)
10. Dubai CommerCity Free Zone (DCC)
11. Dubai Design District (d3)
12. Dubai Flower Center
13. Dubai Gold & Diamond Park
14. Dubai Healthcare City (DHCC)
15. Dubai Industrial City (DIC)
16. Dubai International Academic City
17. Dubai International Financial Centre (DIFC)
18. Dubai Internet City (DIC)
19. Dubai Knowledge Village / Park
20. Dubai Logistics City
21. Dubai Media City (DMC)
22. Dubai Multi Commodities Centre (DMCC)
23. Dubai Production City
24. Dubai Outsource Zone
25. Dubai Silicon Oasis (DSO)
26. Dubai Science Park
27. Dubai Techno Park
28. Dubai Textile City / Village
29. International Humanitarian City
30. Jebel Ali Free Zone (JAFZA)
31. Dubai South (DWC)
32. Meydan Free Zone
33. DUQE Free Zone

*Sharjah*

34. Sharjah Airport International Free Zone (SAIF Zone)
35. Hamriyah Free Zone (HFZA)
36. Sharjah Media City Free Zone (Shams)
37. Sharjah Publishing City Free Zone (SPCFZ)
38. Sharjah Research, Technology & Innovation Park (SRTIP)

*Ajman*
39. Ajman Free Zone (AFZ)
40. Ajman Media City Free Zone

*Ras Al Khaimah*
41. Ras Al Khaimah Economic Zone (RAKEZ)
42. RAK International Corporate Centre (RAKICC)
43. Ras Al Khaimah Digital Oasis (RAKDAO)

*Fujairah*
44. Fujairah Free Zone
45. Fujairah Creative City

*Umm Al‑Quwain*
46. Umm Al Quwain Free Trade Zone (UAQFTZ)

Mainland license is issued by the below licensing authorities in the UAE are also eligible for bank account opening.

1. Abu Dhabi: Abu Dhabi Department of Economic Development (ADDED)
2. Dubai: Dubai Department of Economy and Tourism (DET)
3. Sharjah: Sharjah Economic Development Department (SEDD)
4. Ajman: Ajman Department of Economic Development (Ajman DED)
5. Ras Al Khaimah: Ras Al Khaimah Department of Economic Development (RAK DED)
6. Fujairah: Fujairah Department of Economic Development (Fujairah DED)
7. Umm Al Quwain: Umm Al Quwain Department of Economic Development (UAQ DED)