Opening a corporate bank account in the UAE is an essential step for any new business, but the process can often be complex due to strict compliance and documentation requirements. At Peer Saab, we make banking hassle-free by guiding you through the entire process, ensuring compliance with UAE regulations, and connecting you with leading banks that suit your business needs.
We help you choose the right bank based on your business activity, target market, and operational needs. Our network includes both local and international banks.
We prepare and verify all required documents to ensure they meet compliance and KYC (Know Your Customer) standards.
Our team handles the complete submission process, liaising with the bank on your behalf for a smooth approval process.
Once approved, we assist with online banking setup, debit/credit facilities, and linking your account to your business operations.
On average, it takes 2–4 weeks, depending on the bank and the complexity of your business activity. With proper documentation, the process can be much faster.
Yes, some banks allow non-residents to open corporate accounts, but requirements are stricter. Having a UAE residency visa generally makes the process easier and faster.
Most UAE banks require a minimum balance that ranges from AED 25,000 to AED 500,000, depending on the bank and account type. Peer Saab helps match you with the most suitable option.
Popular choices include Emirates NBD, Mashreq Bank, RAKBANK, Abu Dhabi Commercial Bank, and HSBC. The right choice depends on your company structure, activity, and transaction needs.
Rejections usually happen due to incomplete documentation, unclear business activities, or compliance issues. With Peer Saab’s guidance, we ensure your application is carefully prepared to minimize rejection risks.
Starting a business in the UAE is simple with Peer Saab. Our 4-step process lets you focus on your vision while we handle the paperwork, approvals, and details — with speed, precision, and transparency.
We understand your goals and recommend the best setup option.
We handle all paperwork, applications, and approvals.
Your trade license, visas, and government clearances are issued.
Start operations with our ongoing guidance and assistance.