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Opening a Business Bank Account in the UAE

Every bank here is applying the same anti-money-laundering rules, so the licence is never what decides it. What differs is which companies each bank is willing to take on, and how much preparation the file needs first.

RAKBank

Ras Al Khaimah

RAKBank has one of the longest-running small-business banking operations in the UAE, and it is the bank most often willing to look at a newly formed free-zone company.

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First Abu Dhabi Bank

Abu Dhabi

FAB is the UAE's largest bank by assets, formed from the 2017 merger of National Bank of Abu Dhabi and First Gulf Bank. It suits established companies with real trading history more than it suits a company formed last month.

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