Open A Business Account In the UAE
For international companies operating in the UAE that need control over payments, FX, and cross-border flows

Overview
If your company operates in the UAE but lacks appropriate banking and payment infrastructure, you are likely experiencing delays, restrictions, and unnecessary operational friction.
Many international and foreign-owned companies operating in the UAE face the same issues:

Challenge 1: Non-resident ownership friction
Accounts are often delayed or restricted due to non-resident directors, offshore shareholders, or complex group structures. This results in longer onboarding timelines, conditional approvals, or operational limits once live.
Challenge 2: Outbound payment limits
Many companies face caps, enhanced reviews, or additional approvals when sending funds outside the UAE. This creates cash flow uncertainty, execution delays, and increased administrative burden.
Challenge 3: FX pricing inefficiency
Converting currencies through local banks often results in wide spreads and inconsistent pricing, particularly for frequent or large transactions. Over time, this quietly erodes margins and impacts treasury efficiency.
Challenge 4: Payments to hard-to-reach corridors
Sending funds to certain countries — including China, Brazil, Africa, and parts of Asia or Latin America — can trigger delays, enhanced reviews, or payment re-routing, even for legitimate transactions.

Who this solution is designed for
It is designed for established, mid-sized to large international companies operating through the UAE that manage cross-border payments, multi-currency flows, and international counterparties. It is built for businesses seeking a secure, compliant, and cost-effective way to operate globally from a UAE base.
International operating companies
Holding companies and group structures
Investment funds and asset managers
Family offices
Multinational trading and services businesses
Corporates with UAE-based entities or counterparties
This is not a retail or SME banking product.


Next steps
Submit initial company details
Compliance and structure review
UAE business account opened
FX access and global payments enabled
FAQs
Can a non-resident director open a UAE business account?
Yes. A non-resident director can open a UAE business account through Banq Global. Banq Global enables non-resident directors to open corporate bank accounts across 20 countries without requiring a physical office or local company registration in each jurisdiction.
For the UAE, this allows international companies to open a business account as a non-resident, operate commercially, and manage payments without relocating founders or restructuring ownership purely for banking access.
Will the UAE business account be in my company’s legal name with local UAE details?
Yes. The UAE business account is opened in your company’s legal name as a corporate account and provides recognised local UAE banking details. This enables transparent operation with customers, suppliers, and counterparties and avoids intermediary or pooled account arrangements commonly used by international banks.
How can I receive payments into a UAE business account?
With a Banq Global UAE business account, you can receive payments from customers, partners, and group entities directly into the UAE. This supports standard business banking transactions, including commercial settlements and internal group flows, without routing funds through offshore accounts first.
How can I send international payments from the UAE without delays or restrictions?
Outbound payments from the UAE often fail or slow down due to strict banking regulations applied by traditional Dubai banks and other financial institutions.
Banq Global UAE corporate accounts are built for international use by design, allowing businesses to execute international payments efficiently across major and complex corridors without repeated reviews or execution bottlenecks.
How can I manage FX efficiently from a UAE business account?
Banq Global provides access to competitive FX pricing across USD, EUR, GBP, AED, and other major currencies through a structured corporate banking setup working with leading partners. This allows businesses to manage FX more efficiently than many traditional Dubai banks, where wide spreads and higher transactional fees are common.
Can I operate a multi-currency business account in the UAE?
Yes. All Banq Global UAE business accounts operate as part of a wider multi-currency corporate banking structure, allowing businesses to hold, convert, and move funds across multiple currencies from a single platform.
This is especially useful where revenues, business expenses, and repatriation occur in different currencies.
How can I avoid outbound payment limits from the UAE?
Outbound payment limits are usually a structural issue, not a volume issue.
Banq Global aligns the corporate account structure, transaction purpose, and counterparties upfront, reducing the likelihood of outbound payments being restricted on non-resident accounts once the account is live.
How is my money protected in a UAE business account?
Funds are held within regulated financial infrastructure and managed through compliant account structures aligned with applicable UAE regulatory oversight and central bank expectations.
Banq Global works exclusively with regulated financial institutions and applies strict controls around account setup, fund flows, and oversight, which is critical for businesses managing large balances or treasury activity from the UAE.
Can offshore or foreign-owned companies use the UAE as a payments hub?
Yes. Banq Global regularly supports offshore companies, holding structures, and foreign-owned businesses that use the UAE as a central payments or treasury hub.
The focus is on how the legal entity fits into the wider group structure and payment flows, not where shareholders are based.
How long does it take to open a UAE business account with Banq Global?
Once company details, ownership, and intended payment activity are confirmed, the account opening process with Banq Global is typically completed within a few working days.
Clear submission of required documents, business and financial details, and identity documents significantly reduces delays.
Is this suitable for startups or small local businesses?
No. This solution is designed for established international businesses with meaningful transaction volumes and cross-border payment needs. It is not intended for retail use, personal bank accounts, or startups.
Why use Banq Global instead of a traditional UAE bank?
Traditional UAE banks and most Dubai banks are optimised for resident-owned, locally focused businesses and rigid banking packages. Banq Global is built for international companies that need a UAE corporate business account to function as a global payments and treasury hub, with predictable execution and control over cross-border flows.
What documents are required to open a UAE business bank account?
The documents required depend on the company structure and activity but typically include incorporation documents, identity documents, bank statements, and supporting business and financial details.
Banq Global reviews all documents upfront to avoid delays caused by incomplete submissions, which is common when opening business bank accounts with traditional UAE banks.
Do UAE business bank accounts have minimum balance or monthly fee requirements?
Many Dubai business accounts impose minimum balance requirements, minimum monthly balances, and ongoing monthly maintenance fees tied to specific banking packages.
Banq Global focuses on structuring accounts around operational usage rather than forcing excess idle balances purely to meet minimum balance requirements.
Do I need a UAE trade licence or local legal entity to open an account?
No local physical office is required. Banq Global enables companies to open UAE business bank accounts without registering a local operating company purely for banking purposes, provided the business structure and activity are suitable.
How can I manage currency risk when operating a UAE business account?
Many UAE businesses operate across multiple currencies, often holding USD, EUR, and AED balances simultaneously. Banq Global enables multi-currency account structures that allow businesses to manage conversions deliberately, improving visibility and reducing unnecessary FX exposure caused by reactive conversions.
Does Banq Global support FX risk management for large or frequent UAE transactions?
Yes. Banq Global supports foreign exchange risk management for businesses executing large or frequent UAE transactions. This includes access to structured FX solutions such as forward contracts and other hedging instruments, alongside consistent FX pricing and controlled conversion workflows.
These tools allow businesses to manage currency exposure proactively, reduce the impact of market volatility, and improve predictability around cash flows, rather than absorbing unpredictable FX movements over time.