Secure a Corporate Bank Account in the UAE Fast and Hassle Free
Opening a business bank account in the UAE is a crucial step in establishing your company’s financial foundation. However, due to increasing regulatory scrutiny, AML (Anti Money Laundering) compliance, and KYC (Know Your Customer) protocols, the process can be time-consuming and complex—especially for newly formed entities or foreign shareholders.
That’s where GPA steps in.
We provide end-to-end assistance to ensure your bank account is opened smoothly, efficiently, and in full compliance with local banking regulations—whether your company is based in Mainland, Free Zone, or Offshore jurisdictions
Why Is Bank Account Opening a Challenge in the UAE?
Due to enhanced risk assessments and international compliance standards, UAE banks often:
Voluntary Liquidation
Involuntary (Compulsory) Liquidation
Required When
- Business is shutting down operations permanently
- License renewal is not planned
- Partners decide to part ways
- Need to avoid accumulating fines or penalties
Benefits of Setting Up a Mainland Business in UAE
Mainland businesses are registered with the Department of Economic Development (DED)
and allow you to trade anywhere within the UAE and internationally.
Without local expertise or proper preparation, your application can be delayed or rejected.
Who Is This Service For?
- Startups & SMEs
- Foreign investors and offshore company owners
- Free zone companies requiring professional introductions
- Mainland businesses seeking local banking convenience
- E-commerce and digital service providers needing international banking options
How GPA Helps
- Recommend the right local or international bank based on your business type and transaction volume
- Assist with preparing and organizing the required documents:
- Trade license
- MOA & shareholding structure
- Passport & visa copies
- Utility bills
- Business plan and contracts (if needed)
- Set up introductory appointments with banking relationship managers • Guide you through KYC procedures, signatory designation, online banking setup & AML standards
- Assist with account renewal and digital banking activation
- Support for mainland, free zone, and offshore entities
FAQs
What are corporate tax requirements in the UAE?
Corporate tax is mandatory for companies earning above a specific threshold. This involves registering with the Federal Tax Authority (FTA), filing returns, and maintaining proper records. Our experts handle the entire process, from registration to compliance, ensuring your business adheres to all legal obligations while optimizing your tax strategy.
How do CFO services benefit SMEs?
Our CFO services provide strategic financial advice, cost optimization, and cash flow management tailored to SMEs. It’s like having a financial expert to guide your business towards growth.
Do you assist with backlog accounting?
Yes, we provide backlog accounting services to clean up and organize your records, crucial for compliance and future planning.
Can you help with VAT refunds?
Absolutely! We specialize in VAT refunds, ensuring accurate claims for prompt recovery.
How do I keep my accounts up to date?
We offer bookkeeping and accounting services that ensure compliance and provide real-time updates so you can make informed decisions.