How to Set Up UAE Corporate Bank Account for Free Zone Company 2026 — Traditional Bank Guide
Opening a traditional UAE bank account (vs. digital-first like Wio) requires more preparation but gives access to full corporate banking services. Here is the 2026 guide.
In this guide:
Traditional UAE Banks for Free Zone Companies
- Emirates NBD: Large retail and corporate bank; free zone accounts accepted; relationship-based
- ADCB: Strong corporate banking; good for Abu Dhabi-based companies
- FAB (First Abu Dhabi Bank): UAE largest bank; strong international correspondent network
- Mashreq: Good for SMEs; Mashreq NeoBiz is the digital arm (easier process)
- RAK Bank: SME-friendly; competitive fees
Documents Required
- Trade licence (original + copy)
- MOA (Memorandum of Association)
- Share certificate
- Certificate of Incorporation
- Passport of all shareholders and directors
- Emirates ID (if UAE resident)
- Proof of address for all shareholders and directors
- Business plan / company profile
- Expected transaction profile
In-Person Visit Requirement
- Most traditional banks: Require at least one director/signatory to visit UAE branch in person
- Exceptions: Mashreq NeoBiz, Wio, some online banks allow fully remote
- Plan your UAE visit: Make a list of 3-4 bank meetings and schedule appointments
Approval Timeline
- Best case: 2-4 weeks from complete application
- Average: 4-8 weeks for traditional banks
- Rejection risk: 30-40% of applications are rejected; have backup options ready
- Backup strategy: Apply to Wio Business simultaneously as instant backup