If you are looking for banks that provide zero balance company bank accounts in UAE, you have come to the right place. The reason why we are writing this because we faced a lot of issues to set up the company account for our company and while googling online, we understood many people actually face the same issue. Even though UAE is being ranked 16th in the 20 easiest countries to set up a business, it is a lot difficult in getting your bank account setup, especially if you are a free zone registered company.  This article applies only to startups who expect to have a turnover of less than 5M or with no much funding and want to set up a zero balance company account to get things moving.

Disclaimer: The following article is from our personal experience and offers during the time we researched to had set up our company account. Amendments to policies are made all the time. Please check with your bank before proceeding. 

If you are a freezone company looking to get a bank account ready, This article is for you. The list will be updated from time to time.

Documents that you need or banks ask

  • Trade license (Mandatory)
  • Company partners list, Occupancy agreement, and Certificate of Incorporation document.
  • 6 Month personal Bank statement of the signatory.
  • Please provide prospect customers’ names.
  • Resume (CV) of the signatory. 
  • Detailed Company profile along with a line of business going to conduct.
  • Company Stamp

PS: In case you are new in the UAE and might not have some of these details (especially clients), You can always speak with your bank representative. More details would be required based on your trade license as well.

Banks that provide Zero Balance Account for Freezone / Mainland are

ADCB Freezone zero balance

ADCB is one of the largest commercial banks in the UAE. Earlier in May 2019, 3 major banks ADCB, UNB, and Al Hilal Bank have merged to create the ADCB Group, a powerful new force in the UAE banking sector. They have various plans based on each business, moreover, the best thing which we found is the easiness of setting up the bank account. Speak with the agents below, to know more about setting up your zero balance account within UAE. We were helped by Mr. Fasih (+971 58 996 2678) with our bank account setup. You can also connect with the ADCB branch near you.

RAKBANK, also known as the National Bank of Ras Al Khaimah (P.S.C) a Public Joint Stock Company, is one of the oldest and most dynamic banks in the UAE. Founded in 1976, the Bank underwent a major transformation in 2001, with a shift in focus from Corporate Banking to Personal and Business Banking. RAKBANK has launched a business starter plan, which aims to provide support for SMEs to easily open bank accounts.  You can easily apply for the plan online and one of the RAK Representatives will call you back. You need the above documents ready to expedite the process.

Click here to learn more about RAKstarter Plan

Click here to know all about the accounts that RAKBANK Offer.

Do leave a comment, if you found this article useful, if we missed something out or please reach out to us on [email protected]


    1. Hi ! Did you try contacting the phone numbers above? For a software / media company, it would be easy to get.


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