The time depends on the type of business and background of the shareholders. Mainland companies get accounts faster, Offshore companies normally wait longer. Time-frame can be from 2 weeks to 2 months.
For any type of bank account in Dubai, the following will be required:
There is no best bank as such. Every business has different capabilities and requirements. There is no one bank for all.
The most recognized UAE banks are: Emirates NBD, First Abu Dhabi Bank, Emirates Islamic Bank, Mashreq, RAK BANK, Dubai Islamic Bank.
It can, but the approval process will be very long and the account can easily be rejected. It is advisable to open a local UAE company and apply for a bank account using that company for quicker results.
What are the requirements to open a business bank account in Dubai?
Generally, the requirements are the following: