Raqma

Business accounts for offshore companies in the UAE

A UAE offshore company (RAK ICC, JAFZA Offshore, Ajman Offshore) is declined at most providers — it cannot trade inside the UAE and carries no office or visa footprint. Hubpay is the exception on our panel: it publishes that offshore structures are accepted subject to KYC. Otherwise the realistic route is a conventional bank with a manual underwriting desk — ENBD, FAB, CBD or Zand — where a relationship team can review the structure. Expect enhanced due diligence on UBOs and source of funds, and a multi-week timeline.

Catalogue updated

Raqma's pick
Hubpay Business Account Hubpay
  • AED 99 monthly fee
  • No minimum balance
  • Stated approval from 1 day
  • Accepts free-zone licences

The top catalogue-ranked product in this list — reasons cite the published fields below, not a paid placement. Methodology

Products to compare

5 products

Products are shown in catalogue order, not as a personalised recommendation. Compare the details and confirm current terms with the provider. Methodology

ADGM-regulated multi-currency account for UAE companies: named AED IBAN on Starter or IBANs in 30+ currencies on Scale, 150+ FX pairs, virtual IBANs and payment links. Zero minimum balance; activation about one business day.

Multi-currency: 30+ IBANs, 150+ pairsFully digital onboarding
Currencies
30+ IBANs, 150+ pairs
Monthly fee
AED 99
Onboarding
~1 day
Free zone
Yes
FSRA (ADGM) — licensed Reviewed
Apply

Starter AED 99/mo (local transfer AED 5, international AED 26); Scale AED 299/mo (30+ currency IBANs, free local, international AED 52.50–65). One-business-day opening after documents; free-zone and offshore structures accepted subject to KYC. Per hubpay.io/pricing, verified Oct 2026.

Entry package for startups and professional licences: online-only access with no minimum balance and the first 30 days free, backed by a full-service bank.

Fully digital onboarding
Monthly fee
AED 249
Min balance
AED 0
Approval
1–2 weeks
Free zone
Yes
UAE Central Bank — licensed Reviewed
Apply

AED 249/month + VAT (~AED 261.45) after the first 30 days free; no minimum balance requirement. Higher tiers waive the fee at AED 50,000 average balance.

Multi-currency business account (AED, USD, GBP, JPY, EUR) from the UAE’s largest bank — AED 250/month below a AED 10,000 average balance.

Multi-currency: AED, USD, GBP, JPY, EUR
Monthly fee
AED 250
Min balance
AED 10,000
Approval
1–3 weeks
Free zone
Yes
UAE Central Bank — licensed Reviewed
Apply

AED 250/month applies when the monthly average balance falls below AED 10,000; first cheque book free. Verify the current schedule of charges.

Commercial Bank of Dubai

CBD Business Account

Conventional-bank business account from a CBUAE-licensed local bank: full branch network plus iBusiness online banking — suits companies that want an established bank relationship over a digital-only account.

Multi-currency: AED + major currencies
Monthly fee
—
Min balance
—
Approval
2–6 weeks
Free zone
Yes
UAE Central Bank — licensed Reviewed
Apply

Package terms, minimum balance and transaction fees are agreed per business package; public minimum-balance figures vary between packages. Branch visit typically required.

Zand Bank PJSC

Zand Corporate

UAE's first all-digital bank — corporate-grade accounts with API banking. Expensive floor: AED 250,000 monthly average or AED 500 + VAT/mo.

Multi-currency: AED, USDFully digital onboardingTrade finance
Monthly fee
AED 500
Min balance
AED 250,000
Approval
1–2 weeks
Free zone
Yes
UAE Central Bank — licensed Reviewed
Apply

Fees & Charges: minimum monthly average balance AED 250,000 — below that AED 500 + VAT/mo. Local outward transfer AED 5 + CBUAE charges; international outward AED 55 equivalent + correspondent charges. Per Zand fees schedule, verified Oct 2026.

Side-by-side

ProductCurrenciesMonthly feeOnboardingFree zone
Hubpay Business Account30+ IBANs, 150+ pairsAED 99~1 dayYes
Emirates NBD Business ConnectAED 249AED 01–2 weeksYes
FAB Business BasicAED 250AED 10,0001–3 weeksYes
CBD Business AccountNot publishedNot published2–6 weeksYes
Zand CorporateAED 500AED 250,0001–2 weeksYes

How to choose a Business accounts by your situation

  • startups watching fixed cost: compare monthly fee and minimum balance first — lowest published monthly cost: Hubpay Business Account.
  • a free-zone company: All products here onboard free-zone entities — compare on fees next.
  • founders outside the UAE: remote onboarding with no branch visit: Hubpay Business Account and Emirates NBD Business Connect and Zand Corporate.
  • import-export and multi-currency flows: widest published currency coverage: Hubpay Business Account.

Fact sources: hubpay.io · cbd.ae · zand.ae

Frequently asked questions

How to choose a Business accounts service for your situation?

For startups watching fixed cost: compare monthly fee and minimum balance first — lowest published monthly cost: Hubpay Business Account. For a free-zone company: All products here onboard free-zone entities — compare on fees next. For founders outside the UAE: remote onboarding with no branch visit: Hubpay Business Account and Emirates NBD Business Connect and Zand Corporate. For import-export and multi-currency flows: widest published currency coverage: Hubpay Business Account.

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