Banking in the United Arab Emirates – Smooth and Stress-Free

Opening a bank account is one of the biggest challenges for newcomers — entrepreneurs and individuals alike — in Dubai. But with us, the process becomes simple. Our team has over 10 years of experience assisting with corporate and personal bank account openings — from the first step to successful approval.

• Full consulting support from the preparation stage
• Documentation assistance: we help compile all required documents
• End-to-end guidance: we support you through the bank compliance approval process
• Direct connections with top banks: Wio Bank, Emirates NBD, First Abu Dhabi Bank (FAB)

Digital Alternative: Wio Bank

Licensed by the UAE Central Bank, Wio Bank offers a fully digital banking solution with fast registration and a modern banking experience:

• Accounts available in three main currencies: AED, EUR, and USD
• Super-fast account opening: IBAN account can be activated in as little as 15 minutes
• No monthly fees: only active usage is required
• Competitive currency exchange rates
• Apple Pay and Google Pay integration
• Fully remote account opening: no physical presence required

To register, you will need:

• Passport
• Emirates ID
• UAE mobile number (e.g., Virgin Mobile SIM)

Important: Wio’s physical debit card can only be delivered within the UAE.

Transfer Limits:

• Local and international transfer limit:
  • 350,000 AED per transaction
  • 3,000,000 AED per day
• Cash withdrawal limit:
  • 5,000 AED via ATM
  • 75,000 AED without prior notice
• POS (card payment) daily limit:
  • 125,000 AED

Traditional option: Emirates NBD

Emirates NBD is one of the largest and most well-known commercial banks in the Emirates, and could be an ideal choice if you're looking for an account with a physical presence:

• Reliable international background, over 900 ATMs nationwide
• Online banking on mobile and desktop platforms
• Corporate and private accounts in various currencies (AED, USD, EUR)
• Physical and virtual cards, with various packages
• Account packages without proof of income are also available (in specific cases)

Personal attendance is required to open an account. A personal account can be opened in 48 hours! The processing time for a business bank account is 1-2 months.

Documents required to open an account

• Passport + Visa page

• Emirates ID

• Company Documents (Trade Licence, MOA, Office Ejari)

• Bank account opening application and KYC questionnaire

Premium Opportunity: First Abu Dhabi Bank (FAB)

First Abu Dhabi Bank (FAB) is the largest banking group in the Emirates, offering a personalised banking experience for high-prestige companies and individuals.

• Multi-currency accounts: AED, USD, EUR
• Also ideal for large international transfers
• Strong international network and risk management
Dedicated account manager for corporate clients
• Secure and fast SWIFT-based international payments

Personal attendance is required to open an account. A personal account can be opened in 48 hours! The processing time for a business bank account is 1-2 months.

Required documents for a company invoice:

• Trade Licence, MOA

• Company extract, beneficial ownership structure (UBO declaration)

• Passport and Emirates ID

• In-person appearance and interview in the account

An ideal choice for companies with significant turnover or international operations.