United Arab Emirates | |
|---|---|
| Motto: الله، الوطن، الرئيس | |
| Anthem: عيشي بلادي Īshī Bilādī "Long Live My Country" | |
.svg) Location of United Arab Emirates (green) in the Arabian Peninsula | |
 United Arab Emirates | |
| Capital | Abu Dhabi 24°28′N 54°22′E / 24.467°N 54.367°E |
| Largest city | Dubai 25°15′N 55°18′E / 25.250°N 55.300°E |
| Official languages | Arabic |
| Common languages | Emirati Arabic, English |
| Ethnic groups (2015) |
|
| Religion (2020) |
|
| Demonym(s) | Emirati |
| Government | Federal semi-constitutional monarchy |
| Mohamed bin Zayed Al Nahyan | |
| Mohammed bin Rashid Al Maktoum | |
| |
| Legislature | |
| Establishment | |
British protectorate as part of Trucial States | 1820 and 1892 |
Independence from the United Kingdom | 2 December 1971 |
Admission of Ras Al Khaimah | 10 February 1972 |
| Area | |
Total | 83,600 km2 (32,300 sq mi) (114th) |
Water (%) | negligible |
| Population | |
2024 estimate | 11,027,129 |
2005 census | 4,106,427 |
Density | 132/km2 (341.9/sq mi) (83rd) |
| GDP (PPP) | 2024 estimate |
Total |  $849.8 billion (34th) |
Per capita | $77,251 (14th) |
| GDP (nominal) | 2024 estimate |
Total | $545.1 billion (26th) |
Per capita | $49,550 (21st) |
| Gini (2018) | 26 low inequality |
| HDI (2022) | 0.937 very high (17th) |
| Currency | UAE dirham (AED) |
| Time zone | UTC+04:00 (GST) |
| Calling code | +971 |
| ISO 3166 code | AE |
| Internet TLD | |
In recent years, residents of the United Kingdom have begun to invest in the UAE market. They are having a significant impact on the commercial environment in the United Arab Emirates. For expats, establishing a business in the United Arab Emirates may be difficult. There are a number of essential factors that must be considered during the procedure, which may appear tough to the majority of individuals. One such critical step is the establishment of a business bank account in the United Arab Emirates. If you are a citizen of the United Kingdom who wishes to establish a corporate bank account in the United Arab Emirates, then this article is for you. Continue reading to learn how to establish a corporate bank account in the United Arab Emirates.
A business licence serves as your company’s official identification. The acquisition of an enterprise licence in the United Arab Emirates is required in order to establish and maintain a business bank account. You will not be allowed to establish a bank account unless you have a business licence.
The next critical step is to double-check that all of your papers are in proper order. The documentation required varies somewhat from one financial institution to another. For the purpose of establishing a corporate bank account, the following documentation is needed.
Following the completion of your paperwork, you will be able to locate a bank that meets your needs. When deciding on a bank, take into account the qualifying requirements and income. In the United Arab Emirates, the following banks provide corporate bank accounts:
Emirates NBD Abu Dhabi Commercial Bank (ADCB) Mashreq Bank Dubai Islamic Bank Abu Dhabi Islamic Bank Emirates NBD Abu Dhabi Commercial Bank (ADCB) Mashreq Bank
A visit to the bank is recommended in order to have a face-to-face discussion with the adviser. Clear up any and all of your questions and concerns about establishing a bank account in the United Arab Emirates. Your application will be reviewed by the bank, and you will get an email confirming whether your application has been approved or rejected.
