Dubai stands as a global business hub, offering unmatched financial advantages. A corporate bank account is more than a necessity—it’s a strategic asset for seamless operations, multi-currency transactions, and secure financial management.

Opening a corporate account in Dubai ensures compliance with UAE regulations, provides tax benefits, and builds global market credibility.

Steps to Open a Corporate Bank Account in Dubai

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Choose the Right Bank

  • Research banks based on services, fees, and industry expertise.
  • Arrange a consultation with a relationship manager.
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Prepare Required Documents

  • Collect essential documents, including a trade license, MoA/AoA, shareholder passports, proof of address, and recent bank statements.
  • Ensure all documents are attested and translated into Arabic if required.
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Submit the Application

  • Submit documents during your bank meeting.
  • Provide a business plan and details of operations if requested.
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Undergo Compliance Checks

  • The bank will conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) reviews.
  • Be ready to provide additional clarifications if needed.
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Approval and Activation

  • Once approved, complete any formalities like initial deposits.
  • Receive account details and access banking services such as online banking and checkbooks.

Start Your Business Journey with Our Professional Support!

Benefits of Opening a Business Bank Account in Dubai, UAE

Robust Banking Access

Improved Finances

Credit Access

UAE Compliance

Enhanced Credibility

Streamlined Taxation

Card Options for Every Lifestyle

Debit and Prepaid Cards

  • Select Debit Card: Global use, Visa payWave, lifestyle benefits.
  • Priority Banking Debit Card: VIP lounge access and family cards.
  • Private Banking Debit Card: Concierge services and free golf access.
  • Switch Prepaid Card: Reloadable, global use, no credit checks.

Credit Cards

  • Etihad Guest Premium: 3.5 Miles/USD, free transfers, Gold Tier.
  • Skywards Infinite: 2 Miles/USD, lounge access, free golf.
  • Cashback Plus: 10% cashback on essentials, Salik auto top-up.

Documents Required to Open a Business Account

Company Documents

  • Trade License (DED or Free Zone Authority).
  • Certificate of Incorporation and Share Certificates.
  • Memorandum and Articles of Association (MoA/AoA).

Financial Documents

  • Six months of company or shareholder bank statements.
  • Audited financial reports for established businesses.

Proof of Address

  • Tenancy Contract or Ejari Certificate for office space.
  • Utility bills for directors or shareholders, if needed.

Identification Documents

  • Passport copies for all shareholders, directors, and authorized signatories.
  • UAE Residence Visa and Emirates ID for residents.

Operational and Business Details

  • Business plan outlining operations and financial projections.
  • List of potential clients or suppliers for transaction verification.

Additional Documents

  • Board Resolution to open the account and authorize signatories.
  • Power of Attorney, if applicable.

General Eligibility Criteria:

Features: Up to AED 4M (UAE nationals) or AED 3M (expats). 4-year repayment, competitive rates, quick approvals.

Eligibility: Min salary AED 10,000, age 21-65 (60 for expats), valid ID, proof of income.

Features: Up to 85% financing (UAE nationals), 80% (expats). 25-year tenure, competitive rates.

Eligibility: Open to salaried/self-employed residents and non-residents. Requires ID, income proof, property details.

Features: For new/used cars. Flexible repayment, competitive rates, quick approvals.

Eligibility: UAE residents with valid ID, income proof, vehicle details.

Features: SME financing for working capital, trade, and assets. Flexible terms, Sharia-compliant options.

Eligibility: UAE businesses with registration, financial statements, ownership proof.

Rizmona Consultancy 15 Years Experience

Emirates Islamic Bank Account Consultants in Dubai

How Riz & Mona Consultancy Can Help?

Riz & Mona Consultancy is renowned as one of the top business setup consultants in Dubai, with over 15 years of experience facilitating a wide range of businesses throughout the UAE. Our deep connections with government officials and key authorities, combined with our extensive expertise in consultancy, streamline the process of establishing your business in Dubai. Additionally, we offer comprehensive financial, legal, and corporate services to support our clients throughout their business endeavors.

We are here to provide comprehensive support for opening your Emirates Islamic Bank account in Dubai, from preparing your documents to completing the process. Connect with us now to begin your journey with a FREE consultation!

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FAQS (Frequently Asked Questions)

How do I contact Emirates Islamic Bank?

You can reach Emirates Islamic Bank’s 24-hour Call Centre at 600 599 995 (within UAE) or +971 600 599 995 (internationally).

What is the minimum salary requirement for Emirates Islamic Bank debit card?

The minimum salary requirement varies by account type; for a Current Account, a minimum balance of AED 3,000 is required unless salary is transferred to the account.

Is Emirates Islamic Bank the same as Emirates NBD?

No, Emirates Islamic Bank is a subsidiary of Emirates NBD but operates as a separate entity offering Sharia-compliant banking services.

Who is the parent company of Emirates Islamic Bank?

Emirates NBD is the parent company of Emirates Islamic Bank.

Can I deposit in Emirates NBD for Emirates Islamic?

Deposits into Emirates Islamic accounts should be made through Emirates Islamic branches or channels, not Emirates NBD.

How to transfer money from Emirates NBD to Emirates Islamic Bank?

Use Emirates NBD’s online banking platform to transfer funds to Emirates Islamic Bank by selecting ‘Other Bank Transfer’ and entering the required details.

What is the minimum balance in Emirates Islamic Bank?

For a Current Account, the minimum balance requirement is AED 3,000; fees apply if the balance falls below this amount.

Emirates Islamic Bank Dubai swift code?

The SWIFT code for Emirates Islamic Bank in Dubai is MEBLAEAD.

Emirates Islamic Bank Dubai branches?

Emirates Islamic has multiple branches across Dubai; you can locate them using the branch locator on their website.

Emirates Islamic Bank Dubai address?

The main office is located at 9th floor, Building 16, Executive Office Building, Dubai Healthcare City, Dubai, UAE.

Can I open a bank account for my minor child?

Yes, Emirates Islamic offers accounts for minors, typically requiring a guardian’s authorization and relevant documentation.

How can I locate Emirates Islamic Bank near me?

Use the ‘Branches and ATMs’ locator on the Emirates Islamic website to find the nearest branch or ATM.

How is Emirates Islamic Credit Card different from conventional credit cards?

Emirates Islamic Credit Cards are Sharia-compliant, avoiding interest-based transactions and offering benefits aligned with Islamic principles.

Is it possible to get Auto Finance from Emirates Islamic Bank?

Yes, Emirates Islamic offers Auto Finance solutions for new and used vehicles with competitive profit rates and flexible terms.

What is meant by Takaful?

Takaful is an Islamic insurance concept where members contribute to a pool to guarantee each other against loss or damage, adhering to Sharia principles.