WhatsApp quoteA UAE business account is the step that turns your licence into a working company, and Mashreq is a sound candidate for many of the companies we form. Day to day, opening a business account with Mashreq is a realistic goal for a well-prepared company, and preparation is exactly what GoldenKey provides. Typical examples of this activity include food re-export, auto parts, textiles and machinery, which can usually sit together on one Mashreq licence. GoldenKey has licensed import-export business businesses for clients in Mashreq and knows which sub-activities to list so you are not asked to amend the licence later.
Why Mashreq
Having a UAE UAE residence visa and Emirates ID for at least one signatory makes a Mashreq application noticeably smoother. If Mashreq 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. Mashreq is a sensible home for import & export because importing goods into the UAE and exporting or re-exporting them to regional and global markets is a well-understood activity there and the approvals are routine.
How Mashreq works with GoldenKey
Step 1Profile review
In practice, we assess your business profile against Mashreq's appetite — activity, nationalities, turnover — and confirm the fit first.
Step 2Document pack
GoldenKey assembles the trade licence, memorandum, passport and visa copies, proof of address, business profile and supporting invoices or contracts. Your portal shows the status of this step for a Mashreq account for an import-export business in real time.
Step 3Introduction and meeting
Put simply, we arrange the meeting with a Mashreq relationship manager and sit alongside you to answer compliance questions.
Step 4Compliance and activation
Day to day, the bank's compliance team reviews the file, may ask follow-up questions that we help you answer, and activates the account on approval. Nothing is submitted for a Mashreq account for an import-export business until you have reviewed and approved it.
Documents required
For a Mashreq account for an import-export business the authority asks for the following documents, and we tell you exactly how each must be formatted.
- Personal or corporate bank statements for the last three to six months
- Passport, visa and Emirates ID copies of all shareholders and signatories
- A CV for each shareholder and the company's website or social links
- Office tenancy contract or flexi-desk agreement
- Trade licence, certificate of incorporation and memorandum of association
- Sample invoices, contracts or purchase orders where available
Pricing
To be clear, pricing for a Mashreq account for an import-export business depends on the package you choose; every option below includes GoldenKey's service and the government fees stated. The figures below for a Mashreq account for an import-export business are updated by GoldenKey whenever the licensing authority changes its fees, so the price you see is the current one.
| 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 2026-10-06.
Why the UAE
Put simply, since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so a Mashreq account for an import-export business no longer requires a local partner. As a rule, the dirham has been pegged to the US dollar since 1997, which removes currency risk for a Mashreq account for an import-export business and makes international pricing simple.
Why GoldenKey
We speak the languages our clients speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for a Mashreq account for an import-export business. Just as important, our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for a Mashreq account for an import-export business happen the same day they are ready. In our experience, we will tell you plainly if Mashreq is not the right choice for your plan and point you to a better option, even when that option costs less.
Book a call with GoldenKey and we will confirm your eligibility, your costs and your next steps for a Mashreq account for an import-export business in a single conversation.
Frequently asked questions
What if Mashreq declines my application?
Put simply, we ask for the reason, address it if possible and apply to a better-matched bank. A decline at one bank does not affect your submission elsewhere.
Is a minimum balance required at Mashreq?
Most UAE banks apply a minimum average balance or a monthly fee below it. GoldenKey confirms the current Mashreq terms for your package before you apply.
Can I open a Mashreq 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 file for that reason.
Is import & export allowed in Mashreq?
Mashreq assesses import & export businesses on their documentation and trading pattern. {brand} prepares a profile that explains the activity clearly.
Can I combine import & export with other activities?
In most cases yes. Related activities can share one licence, while unrelated ones may need a general trading licence or a second licence.
