Bank Account Opening Letter
Issued by a company to a UAE bank when opening a corporate current/savings account. Submitted along with trade license, MOA, board resolution, and KYC documents.
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What is Bank Account Opening Letter?
Generate a letter to open a corporate bank account in UAE. Cover letter for Emirates NBD, Mashreq, ADCB, FAB business account applications with required documents list.
When do you need it?
Issued by a company to a UAE bank when opening a corporate current/savings account. Submitted along with trade license, MOA, board resolution, and KYC documents.
What should this document include?
- • Bank Name
- • Branch Name
- • Company Name
- • Company Address
- • Trade License No.
- • Legal Form
- • Incorporation Date
- • Contact Person Name
- • Contact Position
- • Contact Phone
- • Contact Email
- • Account Type Requested
- • Currencies Required
- • Expected Monthly Turnover (AED)
- • Business Activity
- • Authorized Signatories
- • Signer Name
- • Signer Position
- • Issue Date
How to prepare and submit this document
- 1 Choose the right bank for your business type. Mainland companies (DED license) have more bank options; free-zone companies may face restrictions. Emirates NBD and FAB are strongest for mainland; Mashreq and ADCB have dedicated free-zone desks. Confirm the bank accepts your license type before applying.
- 2 Prepare all KYC documents. You need: valid trade license, MOA/AOA, board resolution authorizing the account, passport copies of all shareholders and signatories, Emirates IDs, proof of address (Ejari or utility bill), and 6-month personal bank statements of the signatories.
- 3 Fill in the company details exactly. Enter the company name as it appears on the trade license, license number, issue and expiry dates, and the authorized signatory names. Any mismatch with the trade license causes automatic rejection.
- 4 Submit in person with original documents. Most UAE banks require an in-person visit by the authorized signatory with original documents. Some banks (Mashreq, Emirates NBD) offer video KYC for initial screening but still require a branch visit for final activation.
Common mistakes that get this document rejected
- ✕ Company name on the letter does not match the trade license exactly (including punctuation and legal form suffix like LLC, FZE)
- ✕ Missing board resolution or using an outdated one — banks require a resolution dated within the last 3 months
- ✕ Not disclosing all beneficial owners — UAE banks follow strict UBO (Ultimate Beneficial Owner) rules under CBUAE regulations
- ✕ Applying to a bank that does not serve your free zone — some banks have restricted lists for certain free zones
Frequently asked questions
How long does it take to open a corporate bank account in the UAE?
2–4 weeks for mainland companies with complete documentation. Free-zone companies can take 4–8 weeks due to additional compliance checks. Delays are usually caused by incomplete KYC or UBO verification.
Can a free-zone company open an account with any UAE bank?
No. Some banks restrict accounts for certain free zones (especially newer or smaller ones). DMCC, JAFZA, and DIFC companies have the widest acceptance. Check with the bank before preparing documents.
What is the minimum balance requirement?
Varies by bank and account type. Emirates NBD and FAB typically require AED 50,000–100,000 for corporate accounts. Mashreq and some digital banks offer lower thresholds (AED 10,000–25,000). Falling below the minimum triggers monthly fees.