The UAE boasts a large number of local and foreign banks due to its status as an international commercial hub. Almost all of the world’s most well-known banks are represented here.
Companies registered in the UAE, on the other hand, will have a higher chance of opening bank accounts with large local banks that are completely or partially controlled by the UAE government:
ADIB (Abu Dhabi Islamic Bank), Mashreq (a semi-government bank), Dubai Islamic Bank, Sharjah Islamic Bank, RAK Bank, FAB (First Abu Dhabi Bank), Emirates NBD, Emirates Islamic Bank, ADIB (Abu Dhabi Islamic Bank), Mashreq (a semi-government bank), Dubai Islamic Bank, Sharjah Islamic Bank, RAK Bank.
RadiantBiz can be your one-stop-business setup consultant. Startups in UAE are setup and expanded in hopes of converting to an SME.