Corporate bank account: where to start?

Which documents to gather

Prepare your valid trade licence, constitutional documents and proof of business address. Ask whose passports and Emirates IDs the bank needs, who will sign, and what proves their authority. Depending on the company structure, ADCB lists beneficial owner details, a resolution authorising the account opening and a power of attorney. ADCB document checklist

What to check before applying

1. Describe what your company does. Start with the activity on your licence. Add what you sell, who pays you and whom you pay. For a new company, use a forecast you can explain. Wio Business onboarding guide
2. Prepare your financial information. Write down the source of your starting funds, expected annual turnover and approximate monthly inflows and outflows. Wio Business asks for these figures in its standard application. Wio Business application guide
3. Check what the account supports and costs. Ask about currencies, countries, fees and balance requirements for the specific plan. If you expect a USD payment from abroad, ask the bank to confirm whether that account can receive it and how it will be credited.

Before you apply, check that company names and signatory details match across your documents. The bank determines the final document list and makes the decision on the application.