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 complicated especially if you are a German entrepreneur entering a new market. But your financial foundation is the base of all business operations – so get it right from the start.
 
At Flyingcolour, we help our German clients to find the best financial services in the UAE. Whether local or international bank, exchange house or fintech service provider, we guide you through every step. Our experienced team offers full documentation support through our network of affiliates to ensure smooth and compliant corporate bank account opening in the UAE.
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We Put Your Goals First

At Flyingcolour, we put your financial goals first by creating customised banking solutions that fit your business needs, values and objectives. For our German clients who want to open a corporate bank account in the UAE, we work with the region’s top financial service providers to deliver solutions that drive long term success and growth.

FREQUENTLY ASKED QUESTIONS

Timeframes vary depending on the financial service provider (FSP), each has its own compliance process. On average it takes 4 to 6 weeks to open a corporate bank account in the UAE.

Yes, the Emirates ID of the company’s authorized signatory is required by most UAE banks.

Yes, most UAE financial institutions require a minimum balance between AED 10,000 and AED 500,000 depending on the bank and account type. However, zero-balance corporate accounts are available with a small maintenance fee.

Yes, the initial steps can be done remotely. However, depending on the financial service provider, you may be required to visit the UAE for in-person identity verification and KYC (Know Your Customer).

Digital financial service providers allow complete online onboarding, document uploads and KYC procedures. Traditional FSPs may require a branch visit and manual paperwork which takes more time.
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TERMS & CONDITIONS

  • You are responsible for the accuracy of all information provided to Flyingcolour® and for compliance with all UAE Central Bank regulations and applicable laws.
  • All corporate bank account applications are subject to the bank’s compliance team decision. Flyingcolour has no influence on the approval outcome.
  • The average time to open a corporate bank account is 4 to 6 weeks from submission of all required documents. Timelines may vary depending on the bank’s internal process and document requests.
  • Flyingcolour® and the bank may request additional information or documents at any stage which may impact the timeline.
  • You may be required to submit verified proof of funds and other financial disclosures as per the bank’s KYC protocol.
  • Applicants with a history of bounced cheques, criminal records or banking disputes (in the UAE or internationally) may be rejected immediately.
  • Flyingcolour does not guarantee account opening. Decisions and timelines are at the discretion of the bank’s management.

Freezone

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Setting up a business in the UAE – including opening a corporate bank account – can be complicated if you are not familiar with the local regulations. That’s where Flyingcolour® comes in. Talk to our expert consultants for free and let us guide you through the best route for your business.

Flyingcolour offers full support for Mainland, Free Zone and Offshore company formation across all Emirates of the UAE. We also assist with corporate bank account openings with local and international banks and work closely with all UAE Government Departments and financial institutions to streamline your business setup.