How it works
Once your company is licensed, you apply to one or more banks. Each bank reviews the company, its owners and the expected activity, and usually meets the signatories in person. Reviews commonly take several weeks, and every bank decides independently.
What banks commonly ask for
- Trade licence, incorporation documents and office lease
- Passports, residence visas and Emirates IDs of shareholders and signatories
- A business profile: activities, expected clients and suppliers, and the countries involved
- Evidence of the source of funds and wealth, such as personal or company bank statements
- CVs of the owners showing relevant experience
- Supporting evidence such as contracts, invoices, letters of intent or a company website
What improves your chances
- Consistency — the same activity, figures and counterparties in every document
- A realistic picture of transaction volumes and countries
- Approaching banks whose appetite matches your sector and profile
- Being ready to maintain the bank's minimum balance
A word on guarantees
No adviser can guarantee a bank account — be cautious of anyone who does. What we can do is prepare a coherent file and approach the banks most likely to fit your case.
How ETURA helps
We shortlist suitable banks, build your account-opening file, prepare you for the bank meeting and follow up until a decision is made — for corporate and personal accounts.
This page provides general information only and is not legal, tax or immigration advice. Requirements are set by the relevant authorities and may change; we confirm the current position for your case at assessment.
Last reviewed: November 2026