Frequently Asked Questions
Everything you need to know about opening your UAE business bank account with our $270 approval guarantee.
Our Service & Guarantee
What is AMANA CORPORATE and how are you different from a bank?
AMANA CORPORATE is a Dubai Government-approved corporate services provider and SME incubator. We are not a bank; we are a multi-bank platform and facilitator. We have established relationships with all major UAE banks, allowing us to submit your application to the most suitable banks simultaneously. This eliminates the guesswork, dramatically increases your approval chances, and saves you weeks of time compared to applying to banks individually.
What is your $270 Approval Guarantee?
If we cannot secure approval for your business bank account from at least one of our 20+ partner banks, we will compensate you with $270. This guarantee is backed by our 98% success rate across 2000+ satisfied customers and 20+ years of banking expertise in the UAE market.
My business has been rejected before. Can you still help?
Absolutely. A significant part of our expertise is assisting businesses that have faced rejection. We specialize in high-risk industries and complex cases. Our multi-bank approach means a 'no' from one bank is not the end of the road. We analyze previous rejections, strengthen your application, and submit it to the most suitable banks. Our $270 guarantee applies to all businesses, including high-risk accounts.
Do you work with high-risk businesses?
Yes, we do. While many banks are hesitant, we have partners that are more open to certain sectors we classify as 'high-risk,' such as consulting, IT services, e-commerce, trading, and others. We will honestly assess your business and guide you on the best path forward.
The Process & Timeline
What is the typical process for opening an account with you?
Our process is streamlined for your convenience:
- 1.
Apply Online: Complete our simple initial form - 2.
Consultation: A banking expert contacts you to understand your needs and explain the next steps - 3.
Document Collection: Upload your documents to our secure portal using your personalized checklist - 4.
Bank Matching: We pre-vet your application and submit it to the most suitable banks - 5.
Liaison: We handle all follow-ups and communications with the bank on your behalf - 6.
Approval: You receive your account details and welcome pack.
How long does the entire process take?
Processing time depends on your business risk profile and the specific bank requirements:
Low-risk businesses: Average 7 days for approval-in-principle
Medium-risk businesses: Typically 2-3 weeks for approval
High-risk businesses: Generally 1-2 months for approval
Account activation takes just 3 working days after bank approval.
This is significantly faster than the 4-8 weeks it can take when applying alone.
Can I open an account remotely from outside the UAE?
Yes, 100%. Our entire process is designed for remote operation. You can start, complete, and manage your application from anywhere in the world. You do not need to be physically present in the UAE until the final step of receiving your cheque book and cards, which can often be couriered to you.
How do I track my application status?
You can track your application in real-time through your secure client dashboard on our platform. You will also receive regular email updates and have direct access to your dedicated account manager.
Documents & Requirements
What documents are generally required to open a business bank account?
While requirements vary by bank and business activity, you will typically need: Company Trade License, Memorandum of Association (MOA) / Articles of Association, Board Resolution for Bank Signatories, Passport copies of all shareholders and signatories, UAE Residence Visa and Emirates ID (for residents), Proof of Company Address (e.g., tenancy contract, utility bill), Proof of Personal Address for shareholders, Bank statements (company or personal, typically 6 months), Company Business Plan (for some cases).
I don't have an office space (I use a flexi-desk). Is this a problem?
Not necessarily. Many banks accept the personal address proof of the company manager or signatory for flexi-desk and virtual office setups. We will advise you on the best way to present your case to satisfy bank requirements.
What if my documents are not in English or Arabic?
All submitted documents must be translated into English or Arabic by a certified legal translation service. We can assist you in arranging this service if needed.
What is 'MOFA Attestation' and do I need it?
MOFA (Ministry of Foreign Affairs) attestation is the process of legalizing documents from foreign countries for use in the UAE. It is typically required for the constitutional documents of any corporate shareholder that is based outside the UAE. We can manage this entire process for you through our trusted partners.
Service Information
What services do you provide?
We offer comprehensive end-to-end business setup and banking services in the UAE. Our services include company formation, license processing, visa assistance, and corporate bank account opening with our 100% approval guarantee.
Do I need to maintain a minimum balance?
This depends on your business risk profile and the bank. Many of our partner banks offer zero balance accounts for low-risk businesses with no minimum balance requirements. For other accounts, minimum balances range from $1,360 to $13,600+. We'll match you with banks that offer the most favorable terms for your specific business type.
What services are included for free?
For qualifying low-risk accounts, many banks offer free services including online banking, mobile banking, debit cards, monthly statements, and basic transaction processing. Additional services may have fees depending on usage and account type.
What payment methods do you accept?
We accept various payment methods, including bank transfer, credit card, and online payment gateways for your convenience.
Still Have Questions?
Our UAE business banking specialists are ready to provide you with personalized answers and guide you through a stress-free account opening process.