Corporate Banking Assistance in Dubai
For a new or growing company, a business bank account in the UAE is often what turns a licence into a working business. It is also one of the steps that most rewards careful preparation. Banks carry out customer due diligence before opening an account, and published guidance from the Central Bank of the UAE expects them to understand who owns and controls a company, what it does and how the account will be used.
Our role is the preparation behind bank account opening in Dubai. We help you assemble the company documents, identify the individuals who ultimately own or control the business, describe the activity and expected transactions clearly, and keep details consistent across the licence, constitutional documents and application forms. We review the file with you before it is submitted, so avoidable gaps or inconsistencies are resolved first. When the bank asks further questions, we help you understand the request and prepare a complete, accurate response.
Each bank sets its own requirements, process and appetite for risk, and these can change. Under the Central Bank’s guidance, a bank that cannot satisfy itself that it understands a company must not accept it as a customer, so we do not promise an outcome, a timeline or a particular bank. Majlis Hub is not a bank and does not provide banking, financial or legal advice. We prepare, coordinate and follow up; the bank reviews the application and decides. What we can offer is a file that is complete, consistent and easy for the bank to follow, and one point of contact who stays with it until the bank has made its decision.
Who this is for
- Newly licensed mainland and free zone companies opening their first account
- Companies with owners or shareholders based outside the UAE
- Businesses whose ownership runs through other companies
- Owners who have received follow-up questions from a bank and need help responding
- Companies adding an account with another bank as the business grows
- Founders who want their banking file organised alongside licensing and visas
What we handle
Banking needs discussion
We clarify the purpose of the account, expected activity, currencies and counterparties, so the application reflects how the business will actually operate.
Company file preparation
We gather and check the trade licence, constitutional documents, ownership details and identification for the people involved.
Ownership and control summary
We help set out who owns and controls the company, including the individuals behind any corporate shareholders, in a form the bank can follow easily.
Business profile
We help you describe the activity, customers, suppliers and expected transactions in clear and accurate terms.
Application coordination
We coordinate document submission and meeting arrangements with the bank and the relationship manager handling the application, within the bank’s own process.
Follow-up on bank requests
We track the application and help you respond to requests for additional information promptly and consistently.
Organised records
We hand over an organised copy of the submitted file, useful when the bank carries out periodic reviews or for a later application elsewhere.
What to have ready
- Trade licence and company registration documents
- Memorandum and articles of association, and any amendments
- Passport and Emirates ID copies for shareholders, managers and authorised signatories
- Details of the individuals who ultimately own or control the company, including through other companies
- Proof of the company’s address, such as the tenancy contract and Ejari certificate where applicable
- A short business profile: activity, main customers and suppliers, and the countries involved
- Expected account activity, such as estimated monthly turnover and types of transactions
- A resolution or authorisation naming who may open and operate the account