
Corporate account
If you plan to do business through a corporate bank account in the UAE, keep in mind that it matters where (which FTZ) your company is registered and what type of business it is engaged in. In most cases, it also matters whether you have a physical office. When an account is being opened for a foreign legal entitiy, the owner of the business has to be physically present to sign the papers. The company type makes all the difference: whether an offshore business, a freezone establishment, or a local/mainland company.
A bank account costs
$3,000 to open

Personal account
Individuals are advised to open their accounts with local rather than foreign banks. It is easier to open a personal account than a corporate one: the list of required documents is much shorter. If you are not familiar with UAE laws and this is your first account there, you would be well advised to defer to professionals.
A bank account costs
$2,000 to open

Account opening steps
Our Clients' FAQ
- It doesn’t have to have an office.
- No audits in some free trade zones.
- Less paperwork and less money to pay when setting up your company.
- Ideal for freelancers and small businesses.
- No limitations on types of business
- A mainland company can sell its goods anywhere in UAE territory.
- Higher upfront expenses, but potentially lower expenses going forward as opposed to a freezone company.
- Ideal for mature businesses with a payroll.
The list of documents for registering a company is slightly different in each specific zone.
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