UAE support services

UAE corporate banking options

    UAE corporate bank accounts
  • All UAE resident businesses must open a corporate bank account within the country;
  • Healy Consultants will prepare all the necessary documents and present the application to the bank officials. If possible, we will make certain our Client does not have to travel for the account opening interview;
  • After the account opening, the Client deposits the minimum paid up share capital and provide us the certificate of deposit, to be presented for the company registration;
  • The UAE imposes no exchange controls on its currency (Dirham). Furthermore, Dirham is fixed to the US dollar at 1AED = 0.27USD;
  • Healy Consultants prefers the following banks for account opening:
    HSBC UAEEmirates NBD
    Standard Chartered UAEAbu Dhabi Commercial Bank
    Citibank UAEMashreq Bank

    Healy Consultants prefers to work with international banks such as HSBC and Standard Chartered. However, local banks can also be used when necessary;

  • UAE corporate banking and personal banking products are generally of a poor standard;
  • Standard Chartered UAE

  • The corporate banking products available – internet and telephone banking, multiple currencies, checking and savings accounts, debit and credit cards, fixed deposits and wealth management facilities;
  • Despite the lack of taxes in UAE, it is not perceived as a tax haven. The country does not appear on the OECD or FATF blacklist of tax havens. Consequently, the banks do not have to share information about their Clients with international governments;

  • Healy Consultants assists our Clients with accessing trade finance facilities. Our services include i) bank guarantees ii) letters of credit iii) finance against trust receipt and iv) documents against payment and against acceptance;
  • Banks will provide finance to local companies on the receipt of the following documents: i) good business plans ii) availability of security iii) experience of business owners iv) last 3 years’ audited financial statements v) realistic feasibility study vi) project strength and weaknesses analysis (SWOT);
  • Healy Consultants assists our Clients secure corporate finance services including i) loans ii) overdrafts and iii) preferential credit terms.

Contact us

For additional information on our company formation services in UAE, please email us at Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi