Whether you are planning to start a new business or relocating yourself, we at Neyom Global assist you in opening your UAE bank account with complete ease, along with the right bank, the right documents, and absolutely no guesswork.
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Not only will we connect you with a bank, but we will also take you through the process and make sure you are successful in your banking journey in the UAE.
For mainland companies, free zone companies, and offshore companies. We will prepare your corporate documents and take care of the entire process for you.
For UAE residents, investors, and employees who need assistance in personal banking in the UAE. We will assist you in your personal banking requirements and initial setup.
Not a UAE resident? Some UAE banks allow non-resident banking under certain circumstances. We will identify the banks for you and assist you in the process.
We arrange all the necessary documents, such as a trade license, MOA, shareholder documents, passport, etc., ensuring no document goes missing or is not in the correct format.
Not all banks are suitable for all businesses, as different businesses require different bank types based on the industry, size of transactions, etc. We ensure you are associated with a bank that meets your requirements.
We follow up with the bank as soon as the application is submitted, ensuring no delays occur on our part while awaiting your response to any queries.
Opening a bank account in Dubai doesn’t have to be a complex process when you work with the right people. Here’s how we can help you with your Dubai bank account.
While requirements tend to differ based on the type of account as well as the bank, here’s a general overview of what you’ll likely need to prepare. Of course, we’ll provide a more specific list based on your unique situation.
Here are the questions we get most often. If yours isn’t here, just reach out — we’re happy to talk through your specific situation.
It is indeed possible, although the number of banks that offer this service is relatively low. These banks tend to be in the UAE and usually target non-residents who are investing in the UAE or want to set up a business in the country. The requirements tend to be stringent, and the application process is lengthy, although with the right guidance, it is definitely possible. Neyom Global can assist you in identifying the best options that can be applied for as a non-resident and take it from there.
It generally takes anywhere between 7 and 21 business days to open a corporate account in the UAE, depending on the bank and the complexity of the business profile. But with Neyom Global’s active management and intervention, we can make sure that the application doesn’t get delayed and keep you updated at every step.
Well, there’s no such thing as the “best” bank for a new company in Dubai. It depends on the type of company you’re going to set up, the nationalities of your shareholders, the expected volume of your transactions, and your personal preferences for banking features and services. Some banks are more open to certain types of companies and certain nationalities. Neyom Global’s part in the whole process is to match the right bank for your specific needs and profile, not necessarily the bank that’s the most popular.
While it’s not necessary for the entire team to visit the bank in person, all UAE-based banks require at least one visit for identification purposes and/or signing the account opening forms in the presence of the bank officer. However, we’ll be happy to brief you on the requirements so there are no surprises.
The minimum balances vary from bank to bank and type of account. In the case of corporate accounts, the minimum balances vary from AED 25,000 to AED 50,000. However, in the case of personal accounts, the minimum balances vary from AED 3,000 to AED 10,000 depending on the type of personal accounts. All such details will be provided before you choose the bank.
It is natural for such situations to occur even when the applications are well-prepared. Banks also have their own risk appetite and acceptance criteria, which are not always very transparent. If the bank turns down your application, we will work on the problem and find the best bank for you. Our job is to not only send in your application but also make sure it gets accepted.
Of course! And to be honest, this is where we bring the most value to your business. When we’ve taken care of your company formation, we’ve got all we need to go right into your bank account opening process. There’s no waiting for another company to understand your business model. Clients who use us for both tend to get to their bank account faster and with fewer issues.
Talk to the Neyom Global team today. We’ll review your profile, answer your questions, and map out the fastest path to getting your account up and running.
