Opening a Mashreq Business Account
A business bank account is essential for receiving payments, paying suppliers, and managing your company finances in the UAE. Mashreq is one of the popular choices for UAE businesses.
Requirements
- Valid trade license (free zone or mainland)
- Passport copies of all shareholders
- Emirates ID (if UAE resident)
- Memorandum of Association (MOA)
- Proof of business address (Ejari or lease)
- Expected monthly turnover details
- Business plan or company profile
What to compare
- Minimum balance requirements
- Monthly maintenance fees
- Transaction charges (local & international)
- Online banking features
- Multi-currency support
- Card facilities (debit & credit)
- Processing time for account opening
Pro tip
Apply to 2-3 banks simultaneously — approval rates vary and processing takes 2-6 weeks.
Watch out
Free zone companies may face higher scrutiny. Prepare a detailed business plan and proof of initial capital.