WhatsApp quoteEmirates NBD is the largest bank in Dubai and one of the biggest in the region, with a dedicated business banking arm for SMEs and free zone companies, and it is one of the banks GoldenKey regularly introduces new companies to. Emirates NBD suits well-documented trading, services and professional companies with a clear UAE presence, and its product range includes business current account, multi-currency account, corporate cards and trade finance. Icelanders are a very small community, mostly in aviation, seafood and technology, so the Emirates NBD authority, the banks and the immigration officers see Icelandic applications every day and process them without hesitation. On the ground, the most common businesses Icelanders open through GoldenKey are in seafood exports, aviation, geothermal technology and software, although Emirates NBD supports almost any activity.
Why Emirates NBD
On the ground, having a UAE residence visa and Emirates ID for at least one signatory makes an Emirates NBD application noticeably smoother. As a rule, if Emirates NBD is not the right fit for your profile, we say so and introduce you to a bank that is, because a well-matched application is approved faster. Icelandic applicants benefit from the fact that Emirates NBD already has many Icelandic shareholders on its register, so its officers recognise Iceland documents and name formats instantly.
How Emirates NBD works with GoldenKey
Step 1Profile review
GoldenKey studies your licence, activity, ownership and expected turnover to judge whether Emirates NBD is the right match before any form is filled.
Step 2Document pack
GoldenKey builds the complete document pack for Emirates NBD: corporate papers, signatory IDs, proof of address, profile and supporting invoices. For an Emirates NBD business account for Icelandic owners, GoldenKey completes this stage with you on WhatsApp or by email.
Step 3Introduction and meeting
We introduce you to an Emirates NBD business banking officer and sit with you for the application meeting, in person or by video.
Step 4Compliance and activation
In our experience, after compliance review by Emirates NBD, any queries are answered with our help and the account is opened. If the authority raises a query on an Emirates NBD business account for Icelandic owners at this stage, we handle it the same day.
Documents required
The document list for an Emirates NBD business account for Icelandic owners is short, and most clients already have everything on it.
- A bank statement from your Iceland bank for the last three months, which banks use to understand your profile
- Trade licence, certificate of incorporation and memorandum of association
- Personal or corporate bank statements for the last three to six months
- Sample invoices, contracts or purchase orders where available
- Educational certificates attested by the Iceland authorities and the UAE embassy, for professional activities
- A business profile describing products, customers, suppliers and countries of operation
Pricing
All prices for an Emirates NBD business account for Icelandic owners are indicative, shown in AED and confirmed in writing before you pay. Use the table below to compare packages for an Emirates NBD business account for Icelandic owners; we will confirm the exact total for your case in a written quotation.
| GoldenKey service fee | AED 1,500 |
|---|
Introduction, document preparation and coordination with bank relationship manager
Request this servicePrices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-07.
Why the UAE
The UAE sits within an eight-hour flight of two-thirds of the world's population, which is why so many entrepreneurs choose it as a base for an Emirates NBD business account for Icelandic owners. For most clients, banking, logistics, telecoms and digital government services in the UAE are among the most advanced in the region, which keeps the running costs of an Emirates NBD business account for Icelandic owners predictable.
Why GoldenKey
GoldenKey is based in Ajman Free Zone and has helped founders from more than 60 countries with an Emirates NBD business account for Icelandic owners, so the paperwork, approvals and timing hold no surprises for us. Put simply, most of our Emirates NBD customers come to us through referrals from other business owners, and that is why we take pride in keeping every promise we put in writing. Because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which papers each of them will ask for on an Emirates NBD file.
On the ground, message GoldenKey now and we will prepare a personalised quotation for an Emirates NBD business account for Icelandic owners, valid for 30 days and confirmed in writing.
Frequently asked questions
Can I open a Emirates NBD account without a UAE residence visa?
Some banks consider non-resident company accounts, but most prefer a resident signatory. GoldenKey usually processes your investor visa before the bank application for that reason.
Is a minimum balance required at Emirates NBD?
For most clients, most UAE banks apply a minimum average balance or a monthly fee below it. GoldenKey confirms the current Emirates NBD terms for your package before you apply.
Can a free zone company open an account with Emirates NBD?
Yes. Emirates NBD accepts companies from the main free zones, subject to its review. A clear activity and a UAE-resident signatory help.
Can a Icelandic citizen own 100% of a company in Emirates NBD?
Yes. Icelanders can own the full share capital of a Emirates NBD company with no local partner, exactly like any other nationality.
Is there a double taxation agreement between Iceland and the UAE?
As a rule, the UAE has double taxation agreements with more than 130 countries. Whether Iceland is covered and how it applies to you depends on the current treaty position, which GoldenKey checks with a tax adviser before you rely on it.
