Opening a Bank Account Services offered by WIO Bank, Mashreq Bank, and RAK Bank are a crucial part of any company’s operation within the UAE, helping to manage transactions, salaries, and vendor payments, as well as VAT and worldwide transfers. Whether it’s an SME, a mainland company, a free zone company, or an offshore company, selecting a bank and opening an account properly is of primary importance.
Each bank in the UAE adheres to strict regulations of KYC (Know Your Customer), AML (Anti-Money Laundering). Online banks such as WIO Bank have fast account opening services for startups and SMEs. Mashreq Bank and RAK Bank are supportive of businesses and trading companies.
Opening a business account at a UAE business bank requires a clear business purpose, documentation, shareholder information, and aligned activity. In case there is any misalignment, it could be rejected or there could be delays. This is why it is advisable to have professional assistance.
365 Day PRO Corporate Services also offers complete bank account opening services for WIO Bank, Mashreq Bank, and RAK Bank, handling all related documentation, bank coordination, and checks for compliance, ensuring greater success and quicker turnaround times.
Why Choose 365 Day PRO Corporate Services for Bank Account Opening
With 365 Day PRO Corporate Services, you can be sure that opening a UAE bank account will be precise and in compliance with approval-ready processes. We are also well-versed in the internal onboarding requirements of WIO Bank, Mashreq Bank, and RAK Bank.
Our process begins with a bank suitability analysis, where we suggest the appropriate bank for your business activity, volume of transactions, nationality mix, and business model. Next, we create a bank-ready profile that includes your business description, source of funds, expected turnover, and transaction flow.
We directly coordinate with relationship managers, schedule appointments (if needed), and deal with the clarifications received from the bank. The chances of rejection due to incomplete documentation or an unclear business profile are greatly minimized through our experience.
At UAE Businesses, we provide a smooth, stress-free banking experience for all the businesses in the UAE by offering transparent pricing, account managers, as well as support services after opening an account.
Step-by-Step Process for Bank Account Opening Services
Step 1: Bank Selection & Eligibility Review
Evaluate the nature of business activity, type of license, nationality of shareholders, and risk of compliance to choose between WIO, Mashreq, and RAK Bank.
Step 2: Business Profile & Compliance Preparation
Prepare the business model explanation, transaction flow, source of funds, and expected turnover.
Step 3: Compilation and Verification of Documents
All the KYC documents need to be collated, and the consistency in the license, MOA, and shareholders’ documents needs
Step 4: Submission of Application to the Bank
The application should be submitted through the official onboarding process at the bank of choice.
Step 5: Bank Review and Clarifications
Deal with queries on compliance, requests for additional documentation, or interviews as may be needed.
Step 6: Account Approval & Activation
Get account approval, activate internet banking, and dispense the cheque book/ debit card (if required).
Documents Needed for Bank Account Opening Services
- Company Documents
- Trade License
- MOA / AOA
- Establishment Card
- Share Certificate
- Company Profile / Business Plan
- Office Tenancy / Ejari
- Shareholder / Signatory Documents
- Passport Copy
- Emirates ID
- Residence Visa
- Address Proof
- Bank Reference (if available)
- CV/Business Background
FAQs – Bank Account Opening Services
How to open a business bank account in UAE?
By providing KYC documents, business profile, and compliance information to a UAE bank.
Which bank in the UAE is the best for start-ups?
WIO Bank is well-known for start-ups because of online registration.
Are foreign companies permitted to open bank accounts in UAE?
Yes, provided there is compliance and bank approval.
How long does UAE bank account opening take?
2-6 weeks depending on the bank and the profile.
Must one be physically present to open a bank account?
Sometimes needed for interviews or verification.
What is the reason for the rejection of bank accounts in the UAE?
Partial files or source of funds unknown.
Foreigners: Can foreign shareholders open UAE bank accounts?
Yes, if properly documented.
Is there a minimum balance requirement?
This varies depending on the bank and type of account.
Can PRO services help with bank approvals?
Yes, it does. Professional treatment does lead to an increased
Why choose 365 Day PRO Corporate Services?
For expert handling of compliance and bank coordination as well as faster approvals.