Challenges in Opening a Bank Account in Dubai, UAE
                     Challenges in Opening a 
Bank Account in Dubai, UAE
An Overview
Opening a bank account in the United Arab Emirates is one of the major 
challenges that company owner encounters while setting up a business. In 
order to create a corporate bank account in the United Arab Emirates, you 
need to follow certain requirements. Are you struggling with opening a 
corporate bank account in the United Arab Emirates or UAE? Well, you 
should hire a professional project management company! MPMS is one of 
the most trusted and reliable project management company that offers 
intelligent business solutions for every business. MPMS provides 
professional bank account opening assistance in Dubai, UAE. 
Wondering why connect with a project management company for opening 
a bank account in Dubai, UAE?
Let’s dive into some challenges that company owners 
face while opening a bank account in Dubai, UAE:
 Strict Regulatory Requirements & Pressure to Comply
 Client’s Business History
 UAE Resident Visa
Strict Regulatory Requirements & Pressure 
to Comply
In order to combat financial crimes like terrorist financing and 
money laundering, banks the in the United Arab Emirates has 
listed out some rules that every business needs to follow. 
Client’s Business History
Before applying for a corporate bank account, you need to 
demonstrate the credibility of your business. Previous business 
history can impact your relations with the bank. 
UAE Resident Visa
Opening a bank account in the United Arab Emirates or UAE 
requires a resident visa! Apart from this, you may need to have a 
local address proof. A majority of businesses asks you to share 
valid residency permit to open a corporate bank account. 
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