Bank Account Opening Assistance – Corporate & Offshore Accounts

World Class Business Services For Companies Accross UAE

Your Business is Built on Your Finances

Managing your finances in the UAE can be challenging, especially if you are an Australian entrepreneur setting up in a new market. However, your finances are the foundation of all your business activities, so it’s crucial to get them right from the start.
 
At Flyingcolour®, we help our Australian clients choose the best financial services in the UAE. Whether it’s a local or international bank, an exchange house, or a fintech service provider, we guide you through the entire process. Our experienced team provides end-to-end documentation support through our network of affiliates to ensure a seamless and fully compliant bank account opening in the UAE.
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We Put Your Goals First

Flyingcolour®, we put your financial goals first by creating bespoke banking solutions that align with your business needs, values, and objectives. For our Australian clients looking to open a UAE bank account, we work with the best service providers in the region to deliver tailored solutions that support your long-term growth and success.

FREQUENTLY ASKED QUESTIONS

The timeframe varies depending on the Financial Service Provider (FSP), as each has its own internal compliance process. On average, it takes 4 to 6 weeks to open a corporate bank account in the UAE for Australian businesses.

Yes, most UAE banks require the authorised signatory to hold an Emirates ID for opening a corporate bank account. However, some banks may open accounts for free zone companies with passport and visa copies. Our team can guide you on the best options.

Yes, UAE banks generally require maintaining a minimum balance in corporate accounts, which varies between AED 25,000 to AED 150,000 depending on the bank and account type. Falling below this balance can attract monthly penalties.

In most cases, the authorised signatory must visit the UAE at least once for account opening procedures and document verification. Some banks may provide options for remote onboarding under specific circumstances. We can advise you on your eligibility.

A digital financial service provider allows fully online onboarding, document submission and KYC. A traditional FSP may require branch visit and manual documentation which takes longer time.
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TERMS & CONDITIONS

  • You are solely responsible for the accuracy of all information provided to Flyingcolour® and for ensuring compliance with all applicable laws and regulations set by the UAE Central Bank and relevant authorities.
  • All corporate bank account applications are subject to final approval by the bank’s compliance team. We do not influence or guarantee the outcome.
  • The average time to open a corporate bank account is 4 to 6 weeks from the date all documents are submitted. Please note that timelines may vary based on bank processes and additional document requests.
  • We and the bank may request further information or documents at any point in the process. This may extend the processing time.
  • You must be prepared to provide verified proof of funds and any additional financial disclosures as per the bank’s KYC policies.
  • Applicants with a history of bounced cheques, criminal cases, or banking disputes (in UAE or internationally) may be rejected immediately.
  • We do not guarantee the opening of a bank account. Final decisions and timelines are at the discretion of the bank’s management.

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Setting up a business in the UAE — including opening a corporate bank account — can be daunting if you don’t know the local process. That’s where Flyingcolour® comes in. Talk to our expert consultants for free and we’ll guide you through the best route for your business.

Flyingcolour offers full support for Mainland, Free Zone and Offshore company formations across all Emirates of the UAE. We also open corporate bank accounts with local and international banks and work closely with all Government Departments and financial institutions to make your business setup smooth.