Banking checklist

Intake Checklist: Banking

Documents typically required for UAE personal and corporate bank account applications. Exact requirements vary by bank.

---

Personal Account

• [ ] Passport (photo page, in colour)
• [ ] UAE residency visa page
• [ ] Emirates ID (front and back)
• [ ] Proof of UAE address (EJARI tenancy contract or utility bill, ≤ 3 months old)
• [ ] Salary certificate (from UAE employer, on letterhead, in AED)
• [ ] 3–6 months bank statements from existing bank (showing salary credits or income)
• [ ] Source of funds letter (if significant initial deposit expected)
• [ ] Existing reference letter (some banks require this from your current bank)

Corporate Account

• [ ] UAE trade license (current)
• [ ] Certificate of Incorporation
• [ ] Memorandum of Association (full document)
• [ ] Board resolution authorising account opening and naming authorised signatories
• [ ] Passport and Emirates ID for all authorised signatories
• [ ] Passport, proof of address, and Emirates ID (if UAE resident) for all shareholders and UBOs
• [ ] UBO Declaration form (bank's own format or UAE government standard)
• [ ] 12 months financial projections or business plan
• [ ] 12 months bank statements from existing corporate account (if the company is already trading)
• [ ] Audited accounts (if company has been operating for more than 1 year)
• [ ] Source of funds letter (explaining origin of initial capital)

Corporate — If Any Shareholder is an Overseas Company

• [ ] Certificate of Incorporation (attested + certified Arabic translation)
• [ ] Memorandum and Articles of Association (attested + certified Arabic translation)
• [ ] Certificate of Good Standing (issued within 6 months, attested)
• [ ] Register of Directors and Shareholders (attested)

---

*Bank requirements vary and change. Qarar reviews each application against the target bank's current requirements before submission.*