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Business Bank Account
Opening UAE.

We match your company to the right UAE bank and manage the entire account opening process — from document preparation to account activation.

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Why It's Difficult

UAE Banking Has Never Been Trickier.

Banks have tightened compliance significantly since 2020. The right documents, the right bank, and the right relationship make all the difference. My Eloah's 12+ bank relationships get your account opened faster.

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KYC Document PreparationFull document review before submission — we catch issues before banks do.
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Bank MatchingWe match your business activity and risk profile to the most receptive bank.
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Direct SubmissionYour application goes through the relationship manager — not a cold application queue.
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Compliance Query ResponsesBank queries answered professionally within 24 hours. We draft every response.
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All Company TypesMainland, freezone, and offshore companies. Conventional and Islamic banking.
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Digital & Physical BankingWio Bank for fast 3–5 day digital account. Conventional banks within 5–7 business days.
📋 TYPICAL DOCUMENTS REQUIRED
✓ Trade License (current)
✓ MOA / AOA
✓ Passport copies (all shareholders)
✓ UAE Residence Visas
✓ Emirates IDs
✓ Personal bank statements (6M)
✓ Proof of address (Ejari/utility)
✓ CVs of shareholders
✓ Business profile/overview
✓ Share certificate
02
Bank Comparison

All UAE Banks We Work With.

BankTypeMin. Balance (Entry)Monthly Fee (Entry)Processing TimeBest For
SIBIslamicNoneAED 262.50/month5–7 business daysAll nationalities, all activities, gold/bullion
NBFConventionalAED 25,000AED 250 fall-below5–7 business daysAll activities, established businesses
Mashreq NeoBizDigitalNILAED 99/month (Pro)5–7 business daysStartups, SMEs, digital-first
Emirates Islamic ⚡IslamicAED 10,000AED 262.50 fall-below2–3 working daysFastest processing, Islamic banking
FABConventionalAED 10,000AED 250/month3–5 business daysEstablished companies (AED account first)
ENBDConventionalNone (Connect)AED 249/month5–7 business daysAll company sizes, structured ownership
ADCBConventionalAED 10,000AED 150/month5–7 business daysSMEs with physical office
ADIBIslamicAED 5,000AED 450/month5–7 business daysIslamic banking, SMEs
Wio BankDigitalNoneAED 99/month3–5 business daysStartups, zero balance, fully digital
DIBIslamicNone (e-Trader)Free (e-Trader)3–5 business daysIslamic, e-commerce, online businesses
RAKBankConventionalNone (RAKstarter)AED 25/month5–7 business daysNew companies, lowest monthly fee
UBLConventionalAED 25,000AED 500 fall-below3–4 weeksGold/diamond trading, structured companies

Processing times for low/medium risk profiles. High risk activities or complex ownership may take longer. Entry-level accounts shown above. ⓘ Always check each bank’s official website for the latest pricing and terms.

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Free Tool

Bank Eligibility Matcher.

Answer 4 quick questions to see which UAE banks match your profile and get an instant fee estimate.

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FAQ

Banking Questions.

Emirates Islamic Bank is the fastest at 2–3 working days for low/medium risk. FAB, Wio, and DIB take 3–5 business days. Most other major banks (ENBD, SIB, NBF, ADCB, Mashreq) take 5–7 business days. High risk activities or complex ownership can extend to 7–10 business days. Structured/corporate ownership cases via UBL take 3–4 weeks.
It varies widely. SIB Business Plus, Wio Bank, Mashreq NeoBiz, RAKBank RAKstarter, ENBD Connect, and DIB e-Trader all have zero minimum balance. FAB, ADCB and Emirates Islamic start from AED 5,000–10,000. NBF and UBL require AED 25,000. Fall-below fees range from AED 25 to AED 500/month.
Yes, but it requires physical presence for document signing at most banks. Digital banks like Wio and Mashreq NeoBiz require all partners to hold a UAE residence visa and Emirates ID for remote onboarding. My Eloah identifies the right bank for your residency status.
SIB, NBF, Mashreq NeoBiz, FAB, ENBD, ADCB, ADIB, Wio, RAKBank, and UBL all accept general trading and e-commerce activities. Emirates Islamic Bank does NOT accept general trading or goods wholesalers. My Eloah will guide you to the most suitable option.
SIB (Sharjah Islamic Bank) and UBL are the primary banks for gold, diamond, and precious metals trading. ENBD does not accept gold/bullion activities. My Eloah's specialist fee for gold trading cases is AED 10,000 flat across all banks.
Our fees start from AED 1,500 for digital banks (Wio, Mashreq NeoBiz) for low/medium risk profiles. Standard conventional banks start from AED 2,000. Fees vary based on the bank chosen, your risk profile, and company structure. Use our Bank Matcher above to get an instant estimate.

Ready to Open Your
UAE Business Account?

Let My Eloah handle your entire bank account opening — document preparation, bank matching, submission, and follow-up until activated.

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