Bank Account for a DMCC Free Zone Company

Why DMCC Free Zone

Over 22,000 member companies from 170+ countries. As a rule, office options in DMCC Free Zone range from flexi-desk, office suite, showroom or warehouse, so you only pay for the space your visa quota actually needs. In our experience, unlike some zones, DMCC Free Zone does not require a large paid-up capital to be blocked in a bank account before the licence is issued.

How DMCC Free Zone works with GoldenKey

1. 
   Step 1

   Consultation and activity selection

   We confirm that your activity is available in DMCC Free Zone, choose the licence type and agree the visa package and office option that match your plan. For opening a bank account for a company in DMCC Free Zone, GoldenKey completes this stage with you on WhatsApp or by email.

2. 
   Step 2

   Name reservation and initial approval

   GoldenKey reserves your trade name with the DMCC Free Zone authority and obtains initial approval, as a rule within one to two working days (Monday to Friday).

3. 
   Step 3

   Document submission and payment

   You sign the application and memorandum, we file the attested paperwork with DMCC Free Zone and the authority's licence fee is paid. This is also the point at which we answer any question specific to opening a bank account for a company in DMCC Free Zone.

4. 
   Step 4

   Licence issued and next steps

   DMCC Free Zone issues the licence, incorporation certificate and lease; from there we open the establishment card, process visas and arrange your bank introduction.

Documents required

To be clear, gather these papers and GoldenKey will take care of the rest of opening a bank account for a company in DMCC Free Zone.

• Attested parent-company documents and a board resolution if the shareholder is a company
• The UAE entry stamp or visa page if you are already in the country
• A passport-size photograph on a white background
• Your current UAE residence visa and Emirates ID copy if you are a UAE resident
• A clear passport copy for each shareholder and manager, valid for at least six months
• A short business plan or activity description for certain professional activities

Pricing

Use the table below to compare packages for opening a bank account for a company in DMCC Free Zone; we will confirm the exact total for your case in a written quotation. Pricing for opening a bank account for a company in DMCC Free Zone depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.

Pricing available on request — message us for a written quotation.

Which banks accept DMCC Free Zone companies

Most UAE banks open accounts for DMCC Free Zone companies, but each has its own appetite for activities, nationalities and expected turnover. GoldenKey shortlists two or three banks that fit your profile rather than applying everywhere at once.

Timing the application

From day one, we submit the bank file for your DMCC Free Zone company after the residence visa and Emirates ID are granted, because a resident signatory is what most banks want to see. Digital banks can sometimes start earlier.

Why the UAE

For most clients, the dirham has been pegged to the US dollar since 1997, which removes currency risk for opening a bank account for a company in DMCC Free Zone and makes international pricing simple. Banking, logistics, telecoms and digital government services in the UAE are among the most advanced in the region, which keeps the running costs of opening a bank account for a company in DMCC Free Zone predictable.

Why GoldenKey

We will tell you plainly if DMCC Free Zone is not the right choice for your plan and point you to a better option, even when that option costs less. From day one, because GoldenKey works with the licensing authority, the immigration department and the banks every single week, we know exactly which documents each of them will ask for on a DMCC Free Zone file. Our office is a short drive from the Ajman Free Zone, Ajman DED and the immigration centre, so physical submissions for opening a bank account for a company in DMCC Free Zone happen the same day they are ready.

Frequently asked questions